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Business Middle East

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    On June 14, the Department of Justice unsealed an indictment against three American tax preparers for helping clients avoid taxes by moving money to Israel.

  • The death of Saudi Arabia’s Crown Prince Nayef bin Abdulaziz - the half-brother of King Abdullah and heir to the throne -  comes less than eight months after the death of Sultan bin Abdulaziz, the previous Crown Prince, and again brings to the fore the ambiguous issue of succession.

  • Istanbul's Arasta Bazaar

    Turkey’s economy, which grew by a stellar 8.5 percent last year, will manage to achieve a soft landing this year despite rising external risks such as the euro zone debt crisis, the country’s finance minister Mehmet Simsek told CNBC on Tuesday.

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    Exxon Mobil will continue to be robust and will maintain record levels of investment, valued at $27 billion in 2011, in the next couple of years despite the downturn in global oil demand and fluctuations in prices, Rex Tillerson, CEO of Exxon Mobil, told CNBC on Tuesday.

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    Despite the dismal jobs report, there's some good news: Gas prices are falling with at least two states reporting $2.99 a gallon. More states could see gas below $3.

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    Researchers at Kaspersky Lab, which first reported the virus Monday, believe Flame was written by a different group of programmers from those who had created other malware directed at computers in the Middle East, particularly those in Iran, the New York Times reports.

  • Russia

    Russia’s typical out-of-step response to global events – the latest its refusal to condemn the Assad regime in Syria – show its increasing insignificance on the world stage, Nouriel Roubini, chairman of Roubini Global Economics and Ian Bremmer, president of Eurasia Group, argue in an op-ed in the Financial Times

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    The Islamist candidate of the Muslim Brotherhood will face former President Hosni Mubarak’s last prime minister in a runoff to become Egypt’s first freely elected president, several independent vote counts concluded Friday morning, the NYT reports.

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    This Memorial Day weekend, motorists will find gasoline plentiful and at the lowest price it’s been for two years. Good news. And it may get better. The Christian Science Monitor reports.

  • Egypt made history on Wednesday as it kicked off its first free presidential election and put its fragile democratic transition to the test. Just over 50 million eligible citizens are expected to cast their votes over the course of two days.

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    Amr Moussa, one of Egypt’s top presidential candidates, has reiterated his belief in free markets and told CNBC in an interview on Tuesday that the country needed to “open up”.

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    A preliminary count of votes for Egyptians living abroad has put Islamist candidate Abdul-Moneim Aboul-Fotouh in the lead, followed by left-leaning Hamdeen Sabahi .

  • Commodities Tomorrow: Gold's Big 1-Day Gain

    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.

  • Algeria's oil minister, Chakib Khelil is the president of the Organization of Petroleum Exporting Countries (OPEC).

    The following is a list of oil prices needed for the nations to avoid having a budget deficit in 2008 and 2009 (as compiled by the IMF).

  • Aerial of iron ore ships at Port Hedland.

    Violent confrontations between Somali pirates and merchant ships’ armed guards could become more common as some shipping companies have reduced ship speeds through the highest-risk area to save on fuel, maritime experts have warned.

  • Dubai Palm Island

    In April, the HSBC UAE Purchasing Managers' Index rose to 53.5, the highest level since June 2011. The one-point increase is the strongest monthly gain since October of last year.

  • Commodities Tomorrow: Will Gold, Silver Rally Last?

    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.

  • Given the pace of global growth, experts say crude oil prices are higher than they should be – largely the result of concern Iran might close the Strait of Hormuz in its showdown with the U.S. and E.U. over the expansion of its nuclear program.Like Iran, some of the world’s other biggest oil producers can be subject to unpredictable and unstable political events, causing price shocks. Such was the case during the 2011 civil unrest in Libya. At the time, Libya was the 17th largest oil-producing c

    Big movements in the price of oil can have significant effects on the economy, and countries with the most oil within their borders are set to benefit, as demand for crude continues to rise.

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    Pizza Hut has released a pizza lined with tiny cheeseburgers in the Middle East, just weeks after releasing the "Hot Dog Stuffed Crust Pizza" in the UK,  the Christian Science Monitor reports.

  • 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.