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Business Middle East

  • Bill and cash

    Simon Derrick from Bank of New York Mellon has back through the history books to see how the dollar reacts to political tensions with Iran. He  found that as long as American troops were  not involved in any of the problems, the dollar did very well when Tehran has been in the headlines back through the history books to see how the dollar reacts to political tensions with Iran and found that if American troops are not involved in any problems, the dollar has in the past done very well when Tehran was in the headlines.

  • Moammer Gaddafi speaking

    Muammer Gaddafi’s family has built up vast business interests in sectors ranging from oil to hotels during his 41-year rule, giving it a hold over large swathes of Libya’s economy, according to US diplomatic cables and governance groups, reports the Financial Times.

  • Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

    With Muammar Gaddafi vowing to die a martyr or crush a growing revolt in Libya, one academic has warned that the North African state risks becoming a failed state with huge consequences for Europe and the world.

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    Welcome to the Money In Motion blog!

  • A memorial at Dachau Concentration Camp

    What do the words on the memorial at Dachau—NEVER AGAIN—mean if they don't apply to Libya?

  • Commodities traders at the New York Mercantile Exchange.

    Brent crude oil, which has historically traded at a discount to the Nymex's West Texas Intermediate (WTI) crude oil grade, has been trading at a premium of over $10 for the past several weeks. It has lead many to ask: why?

  • Hurting in the Middle Eastern sense means being shot. Watch the armies. If, as in Egypt, they refuse to fire on the people, the leader is toast.

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    As oil prices race toward $100 a barrel, the expectations that gasoline prices will catch fire are running high.

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    The unrest in Libya sparked the 9 percent spike in black gold today and the unrest is spreading. $100 oil is nothing new to the energy markets but the fact that the turmoil contaigon has picked up steam, just how high can oil go? I decided to speak with David Wyss, Chief Economist at Standard & Poor's.

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    With oil prices rising sharply on the back of the crisis in Libya, the head of the International Energy Agency has warned crude prices hitting $100 a barrel could be bad news for economic growth.

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    Italian stocks faced continued volatility Tuesday amid escalating violence against Libyan protesters who want veteran ruler Muammar Gaddafi to step down.

  • Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

    Aecom, a Los Angeles-based company with employees around the world, is pulling all of its American workers out of Libya, as turmoil in the nation intensifies.

  • President Barack Obama News Conference

    The administration is searching for an acceptable blend of government support and a pro business environment because voters demand better jobs without compromising the nation’s balance sheet. The answer may be in Tripoli.

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    The turmoil in the Middle East has oil prices on a roll. Here's a plan for currency investors.

  • Protests in Libya

    The madness in Libya has escalated beyond the level seen in Egypt—even during its darkest hours, just prior to the fall of the Mubarak regime.

  • A youth with an Egyptian flag painted on his face stands in Tahrir Square in Cairo, Egypt.

    The global financial markets are beginning to show signs of distress and volatility after an exceptional strong rally in US equities and global risk.

  • Suez Canal

    Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the oil-rich country's deputy oil minister told CNBC Tuesday.

  • Libyan unrest is boosting the dollar, and a European Central Bank hawk is helping the euro. Here's your daily FX Fix.

  • Dr. Marc Faber

    Oil prices could make further gains but US stocks could be set for a difficult year, Marc Faber, the author the closely-watched Gloom, Boom and Doom report, said in an interview.

  • "Higher oil is by definition going to be a drag on spending and the economy and the uncertainty the middle-east crisis is creating is bad news for sentiment," Simon Derrick, head of currency research at BNY Mellon, said.