Business Middle East

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  • Eilat, Israel

    Israel perhaps has more to gain than anyone else from going clean and green. Right now, Israel is almost fully dependent on fossil fuels that pollute the country. Israel still gets its oil from secondary sources, because Arab nations won't sell to Israel directly.

  • Vienna Terminal

    Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.

  • off shore oil rig

    In some sense, I’m glad President Obama is opening the door to offshore oil drilling. But in the spirit of free-market deregulation, I do think that much, much more should be done in the Atlantic, the Gulf of Mexico, the Pacific, and Alaska.

  • Dubai

    What many Westerners may know about the Middle East falls far short of what the vast region has to offer investors.

  • Plus, get his top stocks for playing the Middle East markets.

  • As one of the the most difficult economic climates in generations continues, Western countries still dominate the top 10 slots in the World Economic Forum's Global Competitiveness Report, led by Switzerland and the United States. But in the Middle East, 13 countries continue their upward trend of recent years, with a number of countries measurably improving their competitiveness. In this respect, significant differences between countries persist. In many energy exporting countries, abundant oil

    While America took a big hit during the financial crisis, many Middle Eastern economies grew. Click to see where these countries rank globally and regionally.

  • signs_in_dubai_200.jpg

    The Middle East is home to more young people, more oil and more big money pools than anywhere else on earth. Nearly a trillion dollars is being spent on new roads, cellphone users are surging 24% a year, and only 10% of people have bank accounts. That means there's money to be made.

  • dubai_pocketsempty_200.jpg

    Dubai Holding, a conglomerate owned by the emirate’s ruler, is looking at options that could include restructuring $20bn in debt, possibly dealing another blow to investors, the Financial Times reports.

  • Oil Barrels

    As oil ministers prepare to meet in Vienna Wednesday, there is little doubt that OPEC will keep production targets on hold.

  • Bahrain skyline

    Four former world champions line up on the starting grid to start one of the most exciting and intriguing Formula One seasons for years. Personally, my head is supporting Button or Hamilton, but (as the years tick by) my heart is rooting for the old guy, Schumacher.

  • Google and China will resolve their differences over censorship and an alleged attack on Google's service "soon", Eric Schmidt, the Chief Executive of Google, told reporters in Abu Dhabi where he takes part in the emirate's first ever Media Summit.

  • The business empire of Israel's richest woman has been rattled by a police investigation into her investment group's director

  • The Burj Dubai towers in Dubai, United Arab Emirates.

    To analyze the current turmoil in markets and with sovereign debt it may be best to turn to the famed entrepreneur and guru Willy Wonka (the Gene Wilder 1971 version).

  • The Burj Dubai towers in Dubai, United Arab Emirates.

    A faulty elevator was behind the shutdown of the observation deck on the world's tallest tower that effectively closed the half-mile-high Burj Khalifa to the public, witnesses and a Dubai rescue official said Tuesday.

  • The Burj Khalifa's owner says the observation deck of the world's tallest tower has been unexpectedly shut down little more than a month after it opened.

  • off shore oil rig

    Dubai's government, under pressure to repay billions of dollars in debt, said Thursday it has discovered a new offshore oil field - the first such find by the city-state in decades.

  • Scott Brown

    The victory in Massachusetts for Republican Scott Brown over Democrat Martha Coakley is seen by political strategists as a repudiation of the current health care legislation and the policies of the Obama administration.

  • hummus.jpg

    Israel has taken the upper hand in the battle to have the world largest vat of hummus.

  • Billboard advertisement for RAK Bank in Dubai.

    Even before Dubai's financial crisis, the sheikdom's growing economic woes had begun rippling out across the Arab world, forcing foreign workers back to their home countries.

  • The Burj Dubai the world's tallest building, in Dubai, United Arab Emirates.

    The world's tallest building is being opened in Dubai Monday, and as the globe watches the official unveiling of the skyscraper that will dwarf Canada's CN Tower, Taiwan's Taipei 101 and Malaysia's Petronas twin towers, many investors will think of the Skyscraper Index.