Middle East

  • Global Economy on Recovery Path: IMF

    March 17 2012 11:46 PM

    Though there are signs of recovery, the debt crisis in the developed markets and rising oil prices add to the risk factors looming large over the global economy.

  • Global Youth Unemployment Rate Staggeringly High: ‘Lost Generation’ Feared

    March 16 2012 8:13 PM

    The current, unprecedented level of global youth unemployment has raised the risk of creating a lost generation, Nemat Shafik, deputy managing director of the International Monetary Fund, wrote in a blog post Thursday.

  • Israeli Minister Tells China Strike On Iran Isn't Ruled Out

    March 16 2012 3:03 PM

    Israel's foreign minister said Friday in Beijing that his country hopes to resolve a nuclear standoff with Iran through diplomatic means. China has close ties to both Israel and Iran.

  • US, UK Agree To Emergency Oil Release

    March 15 2012 12:12 PM

    Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices from derailing economic growth in an election year.

  • Developed World GDP To Rev-Up In 2012 On Monetary Intervention: Poll

    March 14 2012 11:56 AM

    Developed economies will pick up steam this year thanks to an array of ultra-loose monetary policies from major central banks and amid new signs of progress in the euro zone's debt crisis, a Reuters polls found.

  • Global Warming: Surging Sea Levels Threaten U.S. Coasts: Study

    March 14 2012 11:23 AM

    Global warming is going to affect several coastal states in the U.S., as the sea level is projected to rise up to 8 inches in the coming decades, according to a new study.

  • US Asks Saudis To Boost Summer Oil Output

    March 13 2012 3:03 PM

    The U.S. is seeking additional oil output from Saudi Arabia to fill a lack of supply arising from upcoming Iranian sanctions, but likely won't need the boost until July, when the EU plans to embargo Iranian crude oil.

  • Fed Keeps Rates The Same, Still Sees 'Risks' To Recovery

    March 13 2012 2:25 PM

    The U.S. Federal Reserve Tuesday kept short-term interest rates the same, between 0 percent and 25 percent, and also maintained its existing quantitative easing policy, with no change in its low rates though at least late 2014.

  • US Asks Saudi Arabia To Boost Oil Output For Summer

    March 13 2012 12:42 PM

    The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.

  • Exxon Mobil Has Days To Explain Kurdish Deal

    March 09 2012 4:58 PM

    U.S. oil and natural gas giant Exxon Mobil has days to explain its recent exploration deals the company struck in Kurdistan back in November.

  • WTO Judges Fault Boeing Subsidies: Sources

    March 09 2012 3:32 PM

    The World Trade Organization has broadly upheld a ruling that Boeing Co (BA.N) took billions of dollars of unfair subsidies, breathing new life into an epic trade spat that has already faulted European aid to Airbus, people familiar with the matter said.

  • IBT1000: Nakilat Shippers of the World's Natural Gas

    March 09 2012 2:11 PM

    War's shadow looms over the Strait of Hormuz, and for one company in Qatar, the disruption of shipping traffic of the Strait could very well mean the end of its business.

  • OPEC Pumps Record Volumes Despite Iran Slide

    March 09 2012 8:40 AM

    Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.

  • Rupee Up on Local Shares Gain, Capital Inflow Hope

    March 09 2012 12:15 AM

    The rupee strengthened on Friday, helped by gains in local shares and hopes an improvement in global risk sentiment would bolster capital inflows.

  • Share What You Expect from Annual Budget 2012-13

    March 08 2012 5:11 AM

    Finance Minister Pranab Mukherjee will present the annual budget in parliament on March 16. The Direct Taxes Code (DTC) will be in focus this year. What is your budget wishlist for this year?

  • Israel Welcomes Iran-World Power Talks, But Believes Military Strike Only Alternative to Solve Issue

    March 07 2012 9:54 AM

    Israel was guarded in its approach to the resumption of talks with Iran by the world powers on Wednesday. The six world powers including the United States, France, Britain, China, Germany and Russia had expressed their willingness to continue talks with Iran over its nuclear program. Iran had offered to open up a key military base for international inspections, which the world powers suspect would be used for a its secret nuclear program.

  • Obama Will Launch War on Iran to Get Re-Elected: Trump

    March 06 2012 1:30 PM

    Trump pointed out that launching a war on Iraq temporarily boosted the popularity of Obama’s predecessor in the White House, George W. Bush.

  • BSE Sensex Rises in Choppy Trade; Infosys Leads

    March 06 2012 1:51 AM

    The BSE Sensex rose 1.7 percent on Tuesday as bargain hunting emerged after falling in the past two weeks, but trading was choppy and analysts were wary about sustaining the gains on doubts about the government's ability to push reforms.

  • Russian Election: Putin Back at Helm of Energy Empire

    March 05 2012 3:39 PM

    Vladimir Putin declared victory in Sunday's election, but it remains to be seen how much power he'll wield over his country's vast stockpiles of oil and natural gas when he returns to the presidency in May.

  • Egypt-to-Israel Gas Pipeline Again Sabotaged

    March 05 2012 3:26 PM

    Almost half of Egyptian gas is exported to Israel, much to the consternation of many anti-Israeli elements in the overwhelmingly Muslim nation