Business Middle East


  • Gold & Silver Outlook Bullish Despite Record Run Wednesday, 2 Mar 2011 | 3:37 PM ET

    Continued violence and unrest in Libya and other oil producing countries are being cited as reasons for record high prices in gold and multi-decade highs for silver.  Experts say geo-political and economic factors favor even higher prices ahead for the precious metals.

  • Galliano_Gadaffi_240.jpg

    I guess I can kind of see it.

  • US_Flag_money_200.jpg

    As each day passes, with oil, gold and other commodities scaling either multi-year or historic highs, the denials of inflation become harder to maintain.

  • US Housing Recovery Hurt by Unrest in the Middle East Wednesday, 2 Mar 2011 | 11:19 AM ET
    Mortgage application

    You probably don't think of unrest in the far away Middle East as having anything to do with the housing market here in the U.S. You should. The weekly mortgage applications say it all.

  • Commodities Tomorrow: Oil & Gold Soar Tuesday, 1 Mar 2011 | 4:00 PM ET
    Commodities Tomorrow: Oil & Gold Soar

    Electronic trading and geopolitical risks drive commodities prices higher. CNBC's Sharon Epperson discusses oil and gold's new highs, as silver hits its highest price in 31 years.

  • What Can Banks Do With $30 Billion in Libya Funds? Tuesday, 1 Mar 2011 | 3:43 PM ET
    Libyan leader Muammar Gaddafi

    The news that the Libyan government had $30 billion worth of cash and securities in US financial institutions has set off a scramble on Wall Street to comply with President Obama’s executive order freezing the funds.

  • oil_spilled_over_money_200.jpg

    Look for Mideast rumors and speculation to continue to drive oil price swings, says CNBC's Sharon Epperson. Traders don’t have time to research reports and the actual supply impact. That’s up to journalists and analysts.

  • It's a Mad, Mad, Mad, Mad-Off World Tuesday, 1 Mar 2011 | 2:24 PM ET
    Charlie Sheen

    With Charlie Sheen, Moammar Gaddafi, Bernie Madoff and now fashion designer John Galliano, we are being bombarded with a global epidemic of nutjobs. What's going on?

  • The hawkishness of the European Central Bank makes the euro a better buy than the Swiss franc, says UBS's Amelia Bourdeau.

  • So, When Will the Egypt Stock Exchange Open? Tuesday, 1 Mar 2011 | 11:10 AM ET
    Egyptian anti-government protesters celebrate at Cairo's Tahrir Square after president Hosni Mubarak stepped down.

    Officials say that trading on the Egypt stock exchange will resume on Sunday and will take measures to prevent a huge selloff as soon as the bourse reopens. It's unrealistic to think that those steps will prevent panic-selling, Yousef Gamal El-Din writes.

  • Dollar Losing Safe Haven Appeal Tuesday, 1 Mar 2011 | 5:22 AM ET

    A flight to the dollar usually accompanies increased risk aversion. This time, though, while the traditional havens of the Swiss franc and the yen have benefited, the US currency has suffered. The FT reports.

  • Middle East in Crisis: a Worst-Case Scenario Tuesday, 1 Mar 2011 | 3:00 AM ET
    An international oil tanker passes through the Suez canal in Ismailia, Egypt.

    The Middle East crisis will lead to an 'energy shock' for the West, increasing stagflation, David Murrin, author of "Breaking the Code of History" and hedge fund manager, said.

  • The Big Freeze Monday, 28 Feb 2011 | 3:51 PM ET
    The Big Freeze

    The U.S. Treasury has announced it's freezing a whopping $30B in Libyan assets, reports CNBC's Eamon Javers.

  • Risk Appetite's A Bit Off, Says FX Strategist Monday, 28 Feb 2011 | 3:48 PM ET

    This is a great time to take fewer forex risks, says an FX strategist for Standard Chartered, and that's good news for traditional safe havens.

  • Protests in Libya

    The Goldman Sachs executive who coined the term “BRIC” for the emerging economies of Brazil, Russia, India and China says that a post-revolution Middle East and North Africa could rival that economic group one day.

  • Libyan leader Muammar Gaddafi

    If you're looking for a news story containing the name of the Libyan leader you may be in for a challenge: The spelling of 'Gaddafi' across news outlets has been as erratic as his recent behavior.

  • Marc Faber: Buy Oil, Energy Names Monday, 28 Feb 2011 | 1:27 PM ET

    Marc Faber, who predicted the U.S. stock market crash in 1987, reveals the one energy stock he likes right now.

  • An anti-government protestor holds a blooded Egyptian flag in Tahrir Square on February 3, 2011 in Cairo, Egypt.

    Egypt’s stock market is braced for a possible sell-off of shares when trading resumes on Tuesday after being closed for more than a month because of the country's political crisis.

  • Gaddafi Wants to Abolish Switzerland Monday, 28 Feb 2011 | 9:48 AM ET
    Libyan leader Muammar Gaddafi

    Switzerland has also moved to freeze the assets of the Libyan regime. But it seems unlikely that Colonel Gaddafi and his cronies would be stashing their wealth in Zurich these days.

  • Oil Supply-Side Shock Would Hurt: Economist Monday, 28 Feb 2011 | 8:35 AM ET
    Oil Rig

    There is rarely a happy ending when the price of crude jumps sharply, Stephen King, the chief economist at HSBC in London, said.