Middle East Economy
Wal-Mart Lists India, China Among The Most Corrupt Nations
June 13 2012 6:46 AM
Wal-Mart lawyers have identified India, China, South Africa, Brazil and Mexico as the most corrupt countries, according to a letter from two congressmen investigating the bribery charges leveled against the company.
US Tightens Economic Noose On Iran, But China Wants No Part
June 12 2012 1:01 PM
The U.S. singled out China on Monday in its effort to push the international community to place additional economic pressure on Iran.
OPEC Meeting Preview - Five Things You Should Know
June 12 2012 8:36 AM
Leaders of the world's 12-member crude oil cartel gather this week in Vienna to discuss and perhaps set a production ceiling for the group in what is expected to rubber stamp the current state of affairs. It is also expected to feature a fierce tug-of-war between Saudi Arabia, the cartel's dominant producer, and Iran.
Facebook Falls Again: 3 Week Loss Is $48 Billion
June 07 2012 4:56 PM
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell nearly 2 percent on Thursday, exactly three weeks after the company took in $16 billion in its initial public offering.
Clinton Talks Peace, Democracy, Security And Oil In South Caucasus Tour
June 06 2012 9:54 AM
Clinton is scheduled to meet with Azerbaijani President Ilham Aliyev and attend an energy forum. Azerbaijan is an increasingly important oil producer and a crucial regional Western ally against Iran.
Air India Gets Cash Boost Of $215 Million To Pay Salaries, Dues
June 05 2012 7:02 AM
In an effort to revive the debt-ridden Air India, the government pumped in Rs. 1,200 crore ($215 million) as equity on Monday, to be put to use in paying employee salaries and vendor dues.
Big Data? Vast Majority Isn?t Prepared, New Survey Shows
June 05 2012 6:30 AM
Global enterprises are aware of the coming of so-called ?Big Data,? or the trillions of bytes of electronic data flowing through the Cloud and Internet.
Sneaking Your Money Across Borders: Capital Flight On The Rise
June 04 2012 4:24 PM
An increasing number of people are trying more ways to sneak money out of countries that are buckling under the weight of the world's almost daily financial crises.
Clinton In Armenia To Urge Peace Talks With Azerbaijan
June 04 2012 10:56 AM
She will journey to Georgia on Tuesday, travel to Azerbaijan on Wednesday, and then move on to Turkey.
As Israel And Cyprus Ally Over Energy, The Rest Of The Region Feels The Aftershock
June 02 2012 3:02 PM
The recent discoveries of gas in the eastern Mediterranean creates a whole new energy paradigm for two nations -- Cyprus and Israel -- which formerly were believed to possess no natural resources at all. Their subsequent alliance has further upset the geopolitical balance in the Near East.
Post-Arab Spring Travel And Tourism In The Middle East: A Country-By-Country Look
June 01 2012 11:03 AM
It has been 18 months since the Arab Spring swept through the Middle East, and, while some nations have emerged with a renewed spirit, others have plunged into daily violence. Here's a country-by-country look at travel and tourism in the region as it stands now.
Iraq Pressures Western Oil Companies In Dispute With Kurdistan
May 30 2012 8:42 AM
Iraqi officials on Tuesday said their country's next oil lease auction will not allow companies to sign contracts with Iraq's semi-autonomous northern region of Kurdistan.