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Business Middle East

  • Lybian rebels deploy for a second day on several kilometres from the key city of Ajdabiya to try to attack government forces that have encircled the town on March 22, 2011.

    Oil companies are understood to be preparing to move back into the North African country, which used to pump 1.6 million barrels per day before the uprising against Muammar Gaddafi's government began six months ago.

  • Hunting Gaddafi's Money

    While rebels in Libya take control of much of Tripoli, the U.S. Treasury has seized $30 billion dollars of Gaddafi's money. CNBC's Eamon Javers is hot on the money trail of the Libyan leader.

  • Soldiers from Task Force Currahee, 4th Brigade, 101st Airborne Division, recover bundles of fuel that were air delivered to Forward Operating Base Waza K'wah in the Paktika province of Afghanistan via a C-17 Globemaster III. The fuel was delivered to help sustain members of Task Force Currahee whose only means of re-supply is through air delivery.

    The thought of investing in Iraq may make some investors cringe, but others argue the situation is changing on the ground. Given the euro zone debt jitters, a weaker outlook for the US economy and fears of some emerging markets overheating, it may be worth a consideration.

  • Commodities Tomorrow

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

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    Believe it or not, Capitol Hill is not locked in a partisan battle on ever issue these days. In a vote earlier this week of 279-147, the House passed the North American-Made Energy Security Act. Introduced by Rep. Lee Terry (R-NE), the bill would expedite a final decision on the Presidential Permit for the Keystone XL pipeline.

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    Bahrain might be the smallest petroleum producer in the Gulf but its strategic production and refining relationship with Saudi Arabia means that the hydrocarbon sector remains critical to the wider economy, according to oil minister, Dr. Abdul-Hussain bin Ali Mirza.

  • As Saudi Arabia continues to grow rapidly, the dilemma of sufficiently meeting domestic and international crude oil demand becomes one that would lend credence to believers in higher prices down the line, experts and analysts told CNBC. 

  • Anders Behring Breivik

    The man blamed for attacks on Norway's government headquarters and a youth retreat that left at least 93 dead said he was motivated by a desire to bring about a revolution in Norwegian society, his lawyer said Sunday.

  • Commodities Tomorrow

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • Main roads in Riyadh are decorated with national flags and portraits of King Abdullah bin Abdul Aziz of Saudi Arabia on February 21, 2011 amid preparations to welcome the Saudi royal back as he is expected to return home later this week after convalescing in Morocco from operations in New York, according to a source close to the oil-rich Gulf monarchy. AFP PHOTO/FAYEZ NURELDINE (Photo credit should read FAYEZ NURELDINE/AFP/Getty Images)

    Saudi banks, often viewed as a benchmark for the region, have been struggling to shrug off the overhang from the 2008 financial crisis, and have been hit in particular by the more than $20 billion in loan defaults by the two family-owned businesses of Saad and Al-Gosaibi.

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    Continued political unrest caused Egypt’s benchmark stock index spacer to decline further on Monday, with added pressure coming from the selloff in other global markets.

  • Natural Gas

    The Iraqi government is expected to sign a $12 billion gas deal with Royal Dutch Shell and Mitsubishi Corp on Tuesday, Dow Jones reported.

  • JUBA, SUDAN - JANUARY 09: Southern Sudanese celebrate at the end of the first day of voting for the independence referendum January 9, 2011 in Juba, Sudan. Southern Sudan is participating in an independence referendum today following a historic 2005 peace treaty that brought an end to decades of civil war between the Arab north and predominantly Christian and animist south. The south is expected to vote around 99 percent to secede from the north which will also give it a majority of Sudan's oil

    On Saturday, South Sudan becomes the world's newest country and Africa's 54th state, a process that follows 50 years of bloodshed. Renewed violence on its borders has shaken hopes of a peaceful transition to nationhood, but the fledgling country is not a failed state in waiting, analysts and senior figures in the reconstruction effort told CNBC.com.

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    Bahrain began its highly-anticipated National Dialogue this week in an effort to restore confidence both domestically and internationally that the Kingdom is committed to working through issues that sparked unrest within its borders in mid-February.

  • The "Mad Money" host's four steps to prospering amidst negative news stories.

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    Unlike America, the Emirates are taking the future of energy and the current problems of pollution and climate change very seriously — both for environmental and solid business reasons.

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    Despite a manufacturing slowdown in Russia, China and Brazil, emerging markets will be key to the recovery of the global economy, Stephen King, chief economist at HSBC told CNBC.

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    Ahead of large-scale protests planned for this Friday, Egyptian Prime Minister Essam Sharaf stressed that the government respects the right of citizens to demonstrate peacefully.

  • Diamonds

    The Arab Spring helped boost diamond prices as the region's wealthy individuals moved their cash from stocks and bonds to safe haven investments and tangible assets , a London-based fund manager told CNBC Tuesday.

  • Shell Shares Its Principles

    Marvin Odum, Shell Oil president, shares his views on taxing the rich, the future of crude prices, and the politics of drilling oil.