Saudi Arabia is grappling with a budget deficit which economists estimate could total $120 billion or more this year.» Read More
The lack of world peace affects the economy by trapping productivity and removing vital resources, according to an international research institute which also put the cost of global violence at $8.1 trillion last year.
It has almost been two years since US President Barack Obama took the stage at Cairo University, reaching out to a mesmerized audience and seeking "a new beginning between the United States and Muslims around the world".
Saudi Prince Alwaleed bin Talal said Citigroup is "definitely on the right track" and praised Chief Executive Vikram Pandit for "rehabilitating that bank and having it go back to where it should have been a long time ago."
Saudi Prince Alwaleed Bin Talal al Saud and CNBC's Maria Bartiromo in a wide-ranging interview that includes Pandit's paycheck at Citibank, changes in the Middle East, and the world economy.
It’s going to be a sizzling summer for the Middle East. You stand a lot to gain, or say a lot less to lose, if you’ve done the prep work.
Mahmoud Ahmadinejad could chair the June meeting of the Organisation of Petroleum Exporting Countries, giving the Iranian president a platform and an opportunity for the country to force a way out of its growing isolation.
Saudi Arabia might be the next to join the ranks of MSCI, an influential index provider, which could see more international investors gain access to the Middle East's largest stock market.
The discussions surrounding a possible expansion of the Gulf Cooperation Council come at a strikingly turbulent time for the Arab World, and raise profound questions about unity in the region.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil and precious metals are likely headed tomorrow.
Oil prices are heading back towards the $80 - $100 a barrel sweet spot which will boost oil stocks and take pressure off the global economy, according to Jens Zimmermann, a senior equity analyst at ABN AMRO Private Banking in Zurich.
The world’s top oil exporter Saudi Arabia is “not comfortable” with high oil prices. Sure, higher oil prices put pressure on the global economic recovery.
Crude supplies are up over a million barrels, but the decline in gasoline is far more than analysts were expecting, reports CNBC's Sharon Epperson. Also, a look at the recent rise in oil prices, and the hunt for cheap oil, with Addison Armstrong, Tradition Energy, and CNBC's Simon Hobbs.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is headed, particularly in light of Goldman Sachs' recommendation that investors take profits.
Real estate developer Donald Trump blames President Obama for the rising price of oil, warning, "this country can never, ever recover" if oil prices continue to go up.
As crude oil hit new a new multi-year high on Thursday, closing above $110 a barrel, Exxon Mobil Chairman Rex Tillerson told CNBC natural has is the fastest-growing conventional fuel and that demand will 60 percent by 2030.
Greece has remained the world’s riskiest sovereign debt for the second quarter running in the first quarter of this year, according to a report by independent credit market data provider CMA.
Bahrainis and expats living in the Kingdom of Bahrain have been living history over the past month as the events in Tunisia and Egypt inspired the mostly Shia majority in Bahrain to take the streets demanding political, economic and social reform.
Middle East governments moving away from dictatorship must deliver quick wins through job creation to meet immediate hopes of street protesters but longer-term reforms need to ensure a more inclusive society, the head of the World Bank said on Wednesday.