Business Middle East

  • Gold hit a 28-year high on Tuesday, underpinned by record-high oil prices and geopolitical tension that raised the precious metal's profile.

  • Supermarket group J. Sainsbury, the subject of a 10.6 billion pound ($22 billion) proposed bid, saw its growth slow in the second quarter as Britain's wettest summer on record dampened spending.

  • Oil Pipeline

    Oil rose $2 to over $81 per barrel Tuesday, on concerns about consumer-nation supplies ahead of the coming Northern Hemisphere winter.

  • Oil Pipeline

    Energy futures fell in quiet holiday trading Monday as investors, questioning whether oil will keep surging to new highs, decided to cash in some of their recent profits.

  • Oil Pipeline

    Energy futures fell Friday, as traders expecting a weakening of demand in the coming months cashed in profits from the previous session's rally.

  • bear_stearns_logo.jpg

    The U.S. Attorney's office in Brooklyn has begun examining the circumstances behind the implosion of two Bear Stearns subprime hedge funds, CNBC has learned.

  • Bear Stearns, hammered by market turmoil this summer, would consider selling a stake to an investor from China or the Middle East if the deal created value, Chief Executive James Cayne said Thursday.

  • Oil Refinery

    Oil ended trade at $79.97 per barrel on Wednesday, after weekly U.S. data defied forecasts and showed crude inventories rising.

  • Nasdaq (NDAQ) shares have been breaking out amid its purchase of the Boston Exchange Tuesday and its deal for Nordic OMX last month. What’s the trade as NYSE, Nasdaq and Middle East money grapple for world exchange domination?

  • Flush with oil dollars, Qatar has become the richest country per capita in the world. In an exclusive interview, CNBC's Maria Bartiromo talks with Qatar's First Deputy Prime Minister, Sheikh Hamad Bin Jassim Bin Jabr al-Thani, about where his country is investing all that wealth.

  • Oil Pipeline

    Oil slipped toward $80 per barrel Tuesday, retreating for a third day as a strengthening dollar and concerns about the world economy prompted investors to take profits.

  • Oil Pipeline in Germany

    Oil prices closed down on Monday, as investors took profit from the near-record highs of last week and weighed the threat of a deeper economic slowdown in the United States, the world's top oil consumer.

  • More crude supply from OPEC would do little to ease $80 oil as speculative investment flowing into the market from other assets is boosting the price, Qatar's oil minister said on Monday.

  • Oil Pipeline in Germany

    Oil futures fell Friday as a late flurry of selling overcame an earlier rally driven by the steadily weakening dollar.

  • Oil Pipeline in Germany

    Oil rose sharply to $83 per barrel on Thursday, as a weak dollar and supply worries ahead of the winter heating season encouraged buying by financial investors

  • Kuwait has approved a budget of 4 billion dinars ($14.29 billion) to build the Middle East's largest refinery, more than double the initial estimate, state refiner Kuwait National Petroleum (KNPC) said.

  • A Qatari investment fund that has made a preliminary bid of about $21.3 billion for J Sainsbury said Tuesday that it is holding confidential talks with the British grocer's pension fund.

  • Dubai has taken new steps toward becoming a true global financial powerhouse, buying 20% stakes in the Nasdaq and London Stock Exchange as higher oil has given the Gulf state even more money to invest. But why are exchanges so attractive to Middle East investors?

  • A 144-nation atomic energy conference criticized Israel Thursday for refusing to put its nuclear program under international purview, with the United States alone in supporting the Jewish state.

  • The Qatar Investment Authority said on Thursday that a wholly owned subsidiary, Qatar Holding, had bought a 20% stake in the London Stock Exchange.