Business Middle East

  • Stocks hit session highs and the dollar fell off its highs after Egypt’s Vice-President announced that President Mubarak “waives right to Presidency” and is stepping down. Markets in the U.S. and Europe broadly turned positive, after being mixed to negative for most of the day.

  • A combo of pictures shows Egyptian demonstrators tearing a huge portrait of President Hosni Mubarak during a protest against his rule in the northern port city of Alexandria on January 27, 2011.

    Markets had a muted reaction to reports that Egyptian President Hosni Mubarak would step down, as the future path for Egypt is still uncertain.

  • Commodities Tomorrow: Brent vs. U.S. Oil Prices

    With global oil prices diverging wildly, CNBC's Sharon Epperson talks about how traders can profit from the growing disparity between Brent crude futures and U.S. oil prices with Joe Raia, CME managing director for energy and metals products.

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    Fed Chairman Ben Bernanke appears before the House Budget Committee Wednesday, in what promises to be one of the two most widely watched events of the trading day.

  • Rachid called it “paralysis in the country” for the short-term. Rachid expects the crisis to have “impact on growth numbers, production. And the faster we can go back to normality, the faster we can recover from that situation,” said Rachid. For the long-term, Rachid believes “this is going to be quite challenging.”

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    Rising interest rates and commodities prices could easily turn from tail winds to head winds for stocks.

  • With Egyptian banks and jobs sites expected to open again on Sunday, Nassef Sawiris, CEO of Orascom Construction, told CNBC Friday, that the result of the riots is a "victory" for Egyptians and especially, the country's youth.

  • Diamonds

    With all the talk of 'regime elements' and wealthy businessmen fleeing Egypt, I've been thinking about gold and diamonds a lot lately.

  • Protestors chant as they ride on an army tank transporter in Tahrir Square on January 29, 2011 in Cairo, Egypt. Tens of thousands of demonstrators have taken to the streets across Egypt in Cairo, Suez, and Alexandria to call for the resignation of President Hosni Mubarak. Riot police and the Army have been sent into the streets to quell the protests, which so far have claimed 32 lives and left more than a thousand injured.

    Do you have the nerve for a major contrarian play in the equity markets: How about buying stocks with exposure to Egyptian instability when everyone else is scrambling for the exits?

  • An anti-government protestor holds a blooded Egyptian flag in Tahrir Square on February 3, 2011 in Cairo, Egypt.

    The Obama administration is discussing with Egyptian officials a proposal for President Hosni Mubarak to resign immediately, turning over power to a transitional government headed by Vice President Omar Suleiman. The NYT reports.

  • Kenneth Cole on Twitter

    Famously outspoken shoemaker Kenneth Cole says he writes all the tweets signed "KC" that come from the @KennethCole Twitter account.

  • An international oil tanker passes through the Suez canal in Ismailia, Egypt.

    In light of the political turmoil in Egypt and the possible threat to Suez Canal shipping, rising oil prices and a tightening oil market are concerns of the International Energy Agency (IEA), its executive director, Nobuo Tanaka, told CNBC Thursday.

  • Protestors stand with a soldier as he waves an Egyptian flag on an army tank in Tahrir Square on January 29, 2011 in Cairo, Egypt.

    I wrote earlier about the difficulty in predicting the future structure and alliances of the Egyptian military. And of the fundamental unknowability of weather.

  • Investors facing a global economy that is moving back and forth between "risk on" and "risk off" should look to emerging markets and commodities, Nouriel Roubini, chairman of Roubini Global Economics, told CNBC Thursday.

  • Protestors chant as they ride on an army tank transporter in Tahrir Square on January 29, 2011 in Cairo, Egypt. Tens of thousands of demonstrators have taken to the streets across Egypt in Cairo, Suez, and Alexandria to call for the resignation of President Hosni Mubarak. Riot police and the Army have been sent into the streets to quell the protests, which so far have claimed 32 lives and left more than a thousand injured.

    As violence has broken out in Egypt, concern has turned to the risk of the blocking of the Suez Canal or nearby pipelines, which could pose a threat to world energy supplies, the New York Times reports.

  • International investor Jim Rogers

    More social and political turmoil is likely in the future so commodities prices will continue rising, renowned investor Jim Rogers, CEO of Rogers Holdings, told CNBC.

  • Jean-Claude Trichet

    Like a warning curl of smoke, inflation talk is working its way through financial markets.

  • The exchange-traded fund that aims to track the Egyptian stock market is on fire again today.

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    In retrospect, Tuesday’s big rally in the stock market wasn’t hard to figure out. The market did what it almost always does the first day of the month.

  • Marchers shake hands with Egyptian Army soldiers on tanks during a demonstration against President Hosni Mubarek in Tahrir Square January 29, 2010 in Cairo, Egypt. Egytian soldiers were for the most part interacting peacefully with the marchers in Tahrir Square during the afternoon hours.

    As the situation on the ground in Egypt continues to destabilize—with riots breaking out in Tahrir Square earlier this afternoon Cairo time—there is much discussion of the critical role the military will play in Egypt in the days and weeks to come. Among policy analysts who seem to agree on little else, there appears to be a consensus on this: The military will play a key role in determining the future of the Egyptian nation.