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Business Middle East

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    Oil prices spiked more than 2 percent Monday after news flashed on the wires about a British yacht crew being detained in Iran. Traders were already on high-alert after report this morning that the Iranian government plans to expand its nuclear program.

  • Winterizing Your Portfolio - A CNBC Special Report

    Stocks retreated Monday as investors sorted through Dubai and retail news. Industrials and Home Depot were the biggest drags on the Dow. Financials gained.

  • Winterizing Your Portfolio - A CNBC Special Report

    Stocks retreated Monday as investors sorted through Dubai and retail news. Industrials and Home Depot were the biggest drags on the Dow. Financials gained.

  • Abu Dhbai

    Investors are watching to see if Abu Dhabi will use its wealth to bail out Dubai, the deeply indebted emirate that shook world markets when it said last week that its chief investment arm, Dubai World, would not be able to pay its debts on time. The New York Times reports.

  • Winterizing Your Portfolio - A CNBC Special Report
  • Winterizing Your Portfolio - A CNBC Special Report

    The rally still has some room to go, Dodge Dorland, chief investment officer at Landor Capital Management, said Monday.

  • Winterizing Your Portfolio - A CNBC Special Report

    Stocks rallied at the beginning of the week, then sold off on Dubai worries Friday, leaving the Dow within 10 points of where it started the week.

  • A look at some of the holdings of Dubai World, which is seeking a six-month delay in payments on some of the $60 billion it owes.

  • Winterizing Your Portfolio - A CNBC Special Report

    Stocks pared their losses Friday, after a sharp drop at the open amid worries about Dubai defaulting on its debt.

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    The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.

  • Winterizing Your Portfolio - A CNBC Special Report

    U.S. stock index futures pointed to a sharply lower open for a holiday-shortened session Friday, mirroring losses in European and Asian markets after Dubai announced the first step of restructuring some of its debt.

  • The market won't retest its March lows, but it will turn choppy around January or February, said Joe Quinlan, chief market strategist at Bank of America.

  • Maria Bartiromo with Qatar’s Prime Minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thania

    Maria Bartiromo sat down with Qatar’s Prime Minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thani to discuss recovery in the Middle East. The nation holds 14% of the world’s natural gas, its ranked number three in the world. Oil and gas has made Qatar the second highest per-capital income country following Liechtenstein.

  • The Queen Elizabeth 2

    The unit of the government-owned Dubai World conglomerate is said to have frozen its investment activity and laid off about 20 percent of its staff, reports The New York Times.

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    With a September deadline from the White House on Iran's nuclear program only weeks away, it remains unclear whether the United States can impose sanctions against the Islamic state in the face of possible opposition from Iran's economic allies.

  • The Mideast investment fund with the biggest stake in Mercedes-Benz' parent is paying about $280 million to buy nearly a third of commercial space travel startup Virgin Galactic.

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    "This is a momentous occasion in Iran, but everyone (in the oil market) is watching the dollar," one trader said.

  • Day two of the Paris air show and Monday's terrible weather seems to have lifted. The question is has it lifted the mood of those here at Le Bourget?

  • Two years ago here at the Paris Airshow the sun was shining, the champagne corks were flying and the fizz was flowing as the orders rolled in for Airbus and Boeing. Wind the clock forward to now and the story is very different.

  • This is the 100th Paris Airshow but the aviation industry has little to celebrate. The grey weather here at Le Bourget really sums up to mood of most CEOs in the industry and it's extremely unlikely that we will see the flurry of aircraft orders normally associated with the event. The tragic news associated with Air France 447 is also casting a long shadow and is likely to dominate many of Airbus' scheduled events.