Middle East Economy
- North Korea And Iran, Two-Thirds Of George W. Bush's 'Axis of Evil,' To Meet In Tehran At NAM Summit
August 24 2012 2:31 PM
As North Korea's figurehead of state visits Iran for the Non-Aligned Movement summit from Aug. 26 to Aug. 31, the U.N. and the U.S. will be paying close attention to the development of these two nations' relationship.
- War With Iran Could Cost Israel $42 Billion - Or A Lot More
August 24 2012 5:53 AM
Research groups say Israel may only suffer a 5 percent blow to GDP, but estimating the full cost of a war is a notoriously inaccurate undertaking.
- New US Work Visa Regulations To Hit Indian IT Companies Badly
August 22 2012 6:59 AM
The U.S. Department of Labor (DOL) is set to adapt a tougher visa regime that makes getting H-1B nonimmigrant visas harder for the U.S. companies. Once implemented, the DOL decision will hurt several companies that hire cheap and skilled workers from countries like India and China.
- Gold Demand Plunges In Top Global Markets: Will Emerging Markets Take Up Slack?
August 20 2012 10:41 AM
Gold prices continued to decline this week, dragging even lower due to unusually weak demand from China and India - the two largest gold consumers - that has extended for several months.
- Obama Reported To Consider Tapping Oil Reserve
August 16 2012 7:47 PM
The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said.
- Gold Demand Falls To A Two-Year Low; India, China Weigh
August 16 2012 5:40 AM
The demand for gold fell to its lowest level in two years in the second quarter of 2012, as the price rise along with the economic slowdown has deterred major consumers India and China from buying the yellow metal, the World Gold Council said on Thursday.
- IEA Sees Oil Demand Growth Slowing Further In 2013
August 10 2012 11:33 AM
Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday.
- Nepal Bans Young Women From Seeking Work In Middle East Over Exploitation Fears
August 09 2012 12:34 PM
In 2010, fifteen Nepali servants committed suicide in Lebanon due to gross abuses.
- Pakistan: Half-Million Hard Core Heroin Addicts And Counting...
August 09 2012 11:23 AM
Pakistanis consume heroin valued at $1.2 billion every year.
- BREAKING: Italy, Spain Downgraded by DBRS
August 08 2012 12:33 PM
Toronto-based credit rating agency DBRS, Inc. announced today it is downgrading the sovereign credit ratings of the Kingdom of Spain and the Republic of Italy from their current "A (high)" ratings. The rating agency gave Spain's long-term rating a two-notch downgrade to "A (low)." Italy was taken down one notch to "A."
- HP Boosts Earnings Estimates After Firings Start
August 08 2012 10:51 AM
Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, raised its estimates for third-quarter earnings to $1 a share from 94 cents apparently because of higher demand as well as the initial impact of firing 27,000 employees to shave costs.
- The Dangerous Roads Of Morocco: Traffic Fatalities Very High In North African State
August 02 2012 10:40 AM
About 4,200 people died in traffic accidents in Morocco in 2011, a 12 percent jump from the prior year, according the nation?s equipment and transportation ministry.