Business Middle East

  • Sharm el-Sheikh

    Egypt is on track to meet its tourism growth targets despite a scare following a rare series of shark attacks that affected bookings, the country’s Minister of Tourism, Zoheir Garranah, told CNBC.

  • Chemical giant Transammonia is ending all ties with Iran following a CNBC investigation into its business dealings there.

  • Member of Iran's Revolutionary Guard

    The Revolutionary Guard  is  a major force when it comes to controlling Iran's economy. Many Iranians in and out of the country have called the Islamic Revolutionary Guard Corps "Iran's mafia."

  • Americans may be rare in Iran, but American products find their way into the country, despite international sanctions, through a tiny Iranian resort island called Kish.

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    NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.

  • America has "lost its leverage" in the world because of its dependence on the Middle East and China, said Thomas Friedman, foreign affairs columnist at The New York Times.

  • Emerging markets will falter, energy prices will fall sharply, the dollar will rally, the Fewd will drop its QE2 and the U.S. will take military action in Yemen.

  • There's nothing like a bold, even, outrageous prediction, and in compiling some 150 predictions from three-dozen staffers and contributors this year, we came away with some out-of-the-box answers. Though they may be bold, they are certainly in the realm of possibilities. So, take a look at who at CNBC is saying what, in their own words.

    Though they may be bold, they are certainly in the realm of possibilities. So, take a look at who at CNBC is saying what, in their own words.

  • GM Headquarters

    Saudi billionaire Prince Alwaleed bin Talal says he has invested $500 million in General Motors, the U.S. auto giant whose shares returned to trading last week after its bankruptcy and bailout by Washington.

  • Touting his energy plan to get America off foreign oil, financier T. Boone Pickens told CNBC Wednesday  that the U.S. is importing oil from its "enemies."

  • In spite of Dubai's financial troubles, including the missed payments recently by the financial services company, the Dubai Group, managing director of EFG-Hermes, Matt Wakeman, told CNBC Monday that Dubai is a good place to do business, because of its infrastructure and low taxes.

  • Justin and Gen. Patraeus

    According to the SBA, one in seven veterans are self-employed or small business owners and about one quarter of veterans say they are interested in starting and buying their own businesses. The percentage is even higher among women veterans, noted the SBA.

  • Israeli Prime Minister Benjamin Netanyahu told CNBC Tuesday that his country averted some of the economic problems that Europe is facing now by acting “early on.”

  • Airplane Takeoff

    Several transportation experts say that full screening of all air cargo would cause the system of express air delivery to grind to a halt, reports The New York Times

  • Eclipse.jpg

    When buying a boat, there is but one fundamental principle to follow, according to those who already have some cash moored somewhere nice: enjoy it.

  • New York City Skyline

    The World Economic Forum in Marrakech last week included a lesson on energy economics from Manhattan.

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    Security fears triggered by the air freight bomb plot could increase the costs of global trade and fuel debate over the technology needed to screen packages and who should pay for it, transport officials said on Sunday.

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    The mail bomb plot stretching from Yemen to Chicago may have been aimed at blowing up planes in flight and was only narrowly averted, officials said Sunday, acknowledging that one device almost slipped through Britain and another seized in Dubai was unwittingly flown on two passenger jets.

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    A Qatar Airways spokesman says a parcel carrying the mail bomb found in Dubai traveled on two separate passenger planes.

  • ConocoPhillips CEO Jim Mulva said that oil prices could reach $90 in the next couple of years based on the demand in emerging markets.