Middle East Turmoil
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Saudi Arabia's plan to shell out some $90 billion as part of a state-backed economic aid package continued to buoy regional markets Monday, but it is too early to tell how much the spending package will do to assuage sectarian tensions in the country, market analysts told CNBC.
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President Barack Obama demanded Friday that Moammar Gaddafi halt all military attacks against civilians and said that if the Libyan leader did not stand down the United States would join in military action against him.
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Secretary of State Hillary Rodham Clinton says Muammar Gaddafi has left the world no choice but to threaten military action against him.
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"A sense of calm with an undercurrent of mild panic," is how one Bahraini described the scene at Bahrain International Airport Thursday morning,after the Bahrain Defense Force (BDF) cleared the country's Pearl Roundabout area of anti-government protestors, killing at least three people.
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Manama's central financial district and the iconic Pearl Roundabout were quiet Wednesday night, despite earlier calls from opposition groups who said they planned to regain their presence there.
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From Liberia to South Africa to the island of Madagascar, Libya’s holdings are like a giant venture capital fund, geared to make friends and wi n influence in the poorest region in the world. The NYT reports.
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Police and protesters clashed in Saudi Arabia Thursday and the country faces a day of possible mass protests Friday, but even heavy demonstrations will not succeed in removing the current regime, according to analysts at the Eurasia Group.
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A furious wave of protest finally swept Egypt's President Hosni Mubarak from power on Friday after 30 years of one-man rule, sparking jubilation on the streets and sending a warning to autocrats across the Arab world and beyond.
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Steve Sailer points out why our aid to Egypt doesn’t seem to buy us as much loyalty as it once might have.
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Financial markets may have taken a pause Monday after the violent swings of Friday, but it was only to let investors position themselves for a Middle East crisis that's unlikely to go away soon.
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Security officials are warning the leaders of major Wall Street banks that al Qaeda terrorists in Yemen may be trying to plan attacks against those financial institutions or their leading executives, NBCNewYork has learned.
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Concerns about supply disruptions in the Suez Canal is an 'overreaction,' Natasha Boyden, senior managing director and shipping analyst at Cantor Fitzgerald, told CNBC on Monday.
LIBYA
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Secretary of State Hillary Rodham Clinton says Muammar Gaddafi has left the world no choice but to threaten military action against him.
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From Liberia to South Africa to the island of Madagascar, Libya’s holdings are like a giant venture capital fund, geared to make friends and wi n influence in the poorest region in the world. The NYT reports.
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The leader of Libya’s rebellion has warned countries that have failed to support the uprising against Muammer Gaddafi that they would be denied access to Libya’s vast oil riches if the regime is deposed, the Financial Times reports.
SAUDI ARABIA
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Saudi Arabia's plan to shell out some $90 billion as part of a state-backed economic aid package continued to buoy regional markets Monday, but it is too early to tell how much the spending package will do to assuage sectarian tensions in the country, market analysts told CNBC.
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Prince Alwaleed bin Talal al Saud, the nephew of King Abdullah spoke exclusively with CNBC's Maria Bartiromo about the protests in the streets of Eastern Saudi Arabia. Alwaleed told Bartiromo that today's demonstrations are just a "tempest in a tea cup" and that the protests dissipated after prayer.
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The Saudi foreign minister appears to be blaming foreigners for the unrest in Saudi Arabia—and his message on outside interference is this: "We will cut any finger that crosses into the kingdom."
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Insight on why there have been no protests on the "day of rage," with Bruce Fenton, Atlantic Financial CEO/managing director.
BAHRAIN
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"A sense of calm with an undercurrent of mild panic," is how one Bahraini described the scene at Bahrain International Airport Thursday morning,after the Bahrain Defense Force (BDF) cleared the country's Pearl Roundabout area of anti-government protestors, killing at least three people.
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Manama's central financial district and the iconic Pearl Roundabout were quiet Wednesday night, despite earlier calls from opposition groups who said they planned to regain their presence there.
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The Bahrain military plans to secure the country's capital Tuesday night, clearing the Pearl Roundabout where protests have been held since mid-February, and securing government buildings, sources in the country told CNBC.
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First Greece, then Ireland, then Tunisia, then Egypt, then Libya, then Japan, and now… Bahrain? The island nation saw severe protests yesterday, which caused the price of WTI to rally in intra-day trading. But as with the other countries listed, how important is Bahrain?
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General confusion reigns and businesses prepare for another day off as Gulf Cooperation Council forces deploy in Bahrain.
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Analysts believe Iran is backing Shiite protestors in Bahrain, reports CNBC's Jackie DeAngelis. There are reports that police have fired on protesters.
EGYPT
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Egypt's stock exchange has been closed since Jan. 27. The longer officials wait to re-open the exchange, the harder it will be to do the valuations, writes Yousef Gamal El-Din.
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Egypt's stock market has been closed since January 27. Egyptian Finance Minister Samir Radwan told CNBC that the stock exchange may reopen next week.
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Epitaphs for the Mubarak government all note that the mobilizing power of the Internet was one of the Egyptian opposition’s most potent weapons. But quickly lost in the swirl of revolution was the government’s ferocious counterattack, a dark achievement that many had thought impossible in the age of global connectedness. The New York Times reports.
MORE FROM THE MIDDLE EAST
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Foreign ministers from the Gulf Cooperation Council are expected to discuss an aid package in Riyadh, Saudi Arabia later Thursday, focused on help from the four countries with fortunate annual budgets to the other two: Oman and Bahrain.
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A two-year collaboration of dissidents gave birth to a new force — a pan-Arab youth movement dedicated to spreading democracy in a region without it, the New York Times reports.
Slideshows
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It is often said that a picture speaks a thousand words, but these images arguably speak volumes about the violence and political turmoil in Libya and Bahrain.
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In the week since, Tunisia's President has fled the country, with similar self-immolation in places like Egypt, Algeria and Mauritania.
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After days of protests on the streets of Cairo, there is increasing pressure for the resignation of the country's President, Hosni Mubarak.