×

Business Middle East

  • Commodities Tomorrow: FOMC & Gold

    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.

  • Dubai Palm Island

    About 20 jailed foreign businessmen have gone on hunger strike in Dubai to protest against lengthy sentences for writing checks that bounced, a criminal offence in the United Arab Emirates.

  • Anti-government protestors calling for political reform burned tires as a controversial Formula One race was held in Bahrain on Sunday.

  • Formula 1 track, Bahrain

    As drivers and teams prepare to travel to the Kingdom of Bahrain for the fourth race of the season, protests in the capital Manama reflect a political situation that is far from resolved. And it isn’t the first time Formula 1 has courted international condemnation in order to keep its racing schedule.

  • Commodities Tomorrow: Copper Leads Metal Rally

    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.

  • year-of-the-vet-200.jpg

    After charting five consecutive years of steady growth in the unemployment rate for post-9/11 veterans, the Bureau of Labor Statistics recently reported a sharp five-percentage point decline in January and February of this year, bringing the unemployment rate for post-9/11 veterans below that of the general population for the first time since 2008.

  • Dubai at night

    Dubai’s chief of police has thrust himself into a regional controversy, becoming the voice of Emirati opposition to the rising power of Islamists in the Arab world. The Financial Times reports.

  • London Bridge

    London and New York are still the most important cities for the super-rich despite stiff competition from the emerging economies, a report into attitudes of the wealthy has revealed.

  • oil_new_4.jpg

    Oil prices are up. Barack Obama is to blame. Drilling in the US is the solution. This is the mantra from the president’s opponents. All presidents tend to get the blame for high fuel prices. But with the price of gasoline nearing $4 a gallon, Mr Obama is getting it by the barrel load. The FT reports.

  • Oil Could Hit $150

    Greg Smith, Group CEO, Global Commodities, says forward oil prices are trading below spot prices because they haven't factored in tensions with Iran. He adds that the price could rise to $150 given the risks of conflict with Iran.

  • us-soldier-saluting-flag-200-150.jpg

    "Veterans have led in the field; they can lead in a factory or research facility. Veterans believe in getting the job done and doing it in the right way," writes GE Chairman and CEO Jeff Immelt.

  • oil_barrell_money2.jpg

    Want to move the oil market these days? Fire off a headline about Iran, and, with the help of instant messaging, tweeting, blogging, and some old fashioning phone calling, you get a significant rally.

  • European Central Bank liquidity measures are spurring investment in the Middle East, the head of an Abu Dhabi-based foreign exchange and commodities trading firm told CNBC Wednesday.

  • Sen. McCain Calls for Syria Intervention

    Sen. John McCain, (R-AZ), makes the case for why the U.S. should lead an intervention to stop the slaughter in Syria now.

  • Europe's sovereign debt crisis has shown that no asset is 100 percent safe and may be positive for the Middle East, which is also benefiting from an increase in the price of oil, analysts told CNBC Wednesday.

  • Investing in  Abu Dhabi

    "Abu Dhabi is a very stable and long-term orientated environment," Mahmood Ebraheem Al Mahmood, CEO of ADS Securities, told CNBC, speaking from Abu Dhabi.

  • Future for Investment in the Middle East

    Europe's crisis has shown that no asset is 100 percent sure and this may be positive for the Middle East, but challenges still remain for the region, David Riley head of sovereign ratings at Fitch Ratings and Philippa Malmgren president and founder at Principalis Asset Management, told CNBC.

  • Abu Dhabi Wants 23% of GDP From Foreign Investment

    Abu Dhabi wants to see 23 percent of its gross domestic product coming from foreign investment, Mohammed Omar Abdullah, undersecretary, Abu Dhabi Department of Economic Development, told CNBC. "Abu Dhabi is considered as an attractive destination for investment," he added.

  • oil_pump_2_200.jpg

    New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.

  • More Pain at the Pump Coming?

    Daniel Yergin, CNBC energy analyst, discusses what's behind the rising price of oil, and problems with Iran.