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Business Middle East


  • Iran Tries to Wow Investors With Pipeline Plan Thursday, 2 Apr 2009 | 12:24 PM ET
    Oil Barrels

    Saddled with slumping oil prices, U.S. sanctions and economic troubles, Iran appears to be pushing to entice foreign investment in its energy sector in a bid to woo allies abroad and secure political support at home as its hardline president faces an upcoming re-election battle.

  • OPEC Should Cut Oil Supply if Demand Slow: Iraq Tuesday, 17 Feb 2009 | 5:47 AM ET

    OPEC should look to reduce oil supply further if demand is insufficient to absorb supplies, Iraq's oil minister said on Tuesday.

  • OPEC States Struggle to Pump Less Yet Keep Spending Friday, 13 Feb 2009 | 10:53 AM ET

    Uncertainty about how far world fuel demand and oil prices will fall has made it harder than ever for OPEC members to agree on how to balance group output policy against the divergent needs of their individual budgets.

  • Oil Revenue Mismanagement May Sting Iran: Analyst Thursday, 12 Feb 2009 | 1:45 PM ET

    A leading energy consultancy is warning that what it calls Iranian President Mahmoud Ahmadinejad's mismanagement of oil revenues could result in major economic woes for the country, regardless of the outcome of this summer's elections.

  • Fields of corn surround the Golden Grain Energy ethanol plant, in Mason City, Iowa.

    Here in Abu Dhabi, exactly 7,095 miles from Washington D.C. where President Obama will be sworn in this week, the great and the good of the energy world will be discussing, amongst other things, the key issue surrounding future energy: who's going to pay for it?

  • Capturing Carbon is Going Global Sunday, 18 Jan 2009 | 8:59 PM ET

    There’s a global movement gaining strength to capture carbon around the world. Having engaged in the act of sequestration -- removing, separating or seizing it -- the carbon is then stored.

  • First Solar Strikes Middle East Supply Deal Thursday, 15 Jan 2009 | 5:39 PM ET

    Solar power technology company First Solar on Thursday said it struck a supply deal with Masdar Abu Dhabi Future Energy to be part of the largest grid-connected photovoltaic system in the Middle East.

  • OPEC President Predicts 'Significant' Output Cuts Monday, 8 Dec 2008 | 10:22 AM ET

    Oil markets should brace for a surprise decision on output cuts when OPEC meets Dec. 17, the cartel's president said Saturday, suggesting that reductions could be deeper than expected.

  • Middle East to Help US Fight Recession? Monday, 24 Nov 2008 | 4:34 AM ET

    Middle East countries can cope with the financial turmoil better than many other countries as they have the cash to survive and even invest, Sameer Al Ansari, CEO at Dubai International Capital, told CNBC Monday.

  • Saudi Arabia Forced To Slash Interest Cuts By Crisis Sunday, 23 Nov 2008 | 12:40 PM ET

    The developments show how the global financial crisis has torn through the Arab Peninsula, until recently thought immune due to massive sovereign savings and earnings from energy exports, with almost the same violence as in Europe and North America.

  • G20 To The Rescue Thursday, 13 Nov 2008 | 6:33 PM ET

    Has all the volatility in this market left you with indigestion? Maybe there’s relief ahead and we’re not talking antacid tablets.

  • oil_barrell_money2.jpg

    Top oil exporter Saudi Arabia provided the most visible evidence yet of adhering to OPEC's deal to curb output by telling refiners in Asia that it would cut December supplies by 5 percent, term lifters said on Monday.

  • Saudi Makes Significant Oil Cuts to Some Buyers Tuesday, 4 Nov 2008 | 7:28 AM ET

    Top oil exporter Saudi Arabia has already cut significantly crude supplies to some of its customers, industry sources said on Tuesday, quelling doubts OPEC would stick to its latest output deal.

  • OPEC to Trim Excess Output, Talk to Russia Wednesday, 10 Sep 2008 | 9:07 AM ET

    OPEC on Wednesday deepened its links with major non-OPEC producer Russia and said it was cutting back output by around half a million barrels per day.

  • Meeting Olympic Expectations: UK and 2012 Monday, 25 Aug 2008 | 6:44 AM ET

    Four years of Olympic navel gazing starts here -- and it's about time the Brits got on board. As a nation we so love moaning about our capital city, London, that we ignore the cool rating it gets from the rest of the world.

  • Stay Off the Financial Grid Tuesday, 19 Aug 2008 | 9:24 AM ET

    Bill Browder, CEO of Hermitage Capital told "Squawk Box Europe" viewers to stay off the financial grid to preserver their capital.

  • Obama Says his Foreign Tour Will Reassure Americans Friday, 25 Jul 2008 | 4:07 AM ET
    Barack Obama

    U.S. presidential candidate Barack Obama hopes his visit to Europe and the Middle East will show U.S. voters that he is a safe pair of hands, the Democrat said in an interview on Friday.

  • Obama Urges Europe to Work with US on Security Thursday, 24 Jul 2008 | 4:07 PM ET
    Barack Obama

    U.S. presidential candidate Barack Obama urged Europe on Thursday to stand by the United States in bringing stability to Afghanistan and confronting other threats from climate change to nuclear proliferation.

  • Oil Helps Islamic Bonds Dodge Credit Crunch: FT Tuesday, 22 Jul 2008 | 6:00 AM ET

    Despite the credit crisis and deteriorating economic outlook, Islamic corporate bond issuance in the Gulf soared over the past year, the Financial Times reported Tuesday.

  • Dow Chemical

    The venture will be named K-Dow Petrochemicals and the chief executive will be James Fitterling, currently business group president at Dow's plastics division, the companies said.