Middle East Economy

Inflation In OECD Nations Slides In April
May 29 2012 12:19 PM

Inflation in developed economies fell last month as crude oil and food prices slowed their increases, the Organization for Economic Cooperation and Development said Tuesday.
Iran Closes Door On Inspectors, Promises To Continue Uranium Enrichment
May 27 2012 3:58 PM

Iran announced it will continue enriching high grade uranium while adding a nuclear power plant in 2014 and rebuffed calls to allow U.N. inspectors to visit the suspected home of the country's nuclear weapons research.
China And Israel Expand Military Ties In Sign Of Growing Cooperation
May 25 2012 9:50 AM

Top Chinese and Israeli military officials met in Beijing earlier this week, signaling increased cooperation between the two nations, that formerly regarded each other tepidly.
BSE Sensex, NSE Nifty Hover Between Red And Green; Oil, Auto And IT Shares Worst Hit
May 25 2012 4:12 AM

Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.
Polio Remains Endemic in Nigeria, Pakistan And Afghanistan: Health Officials
May 24 2012 12:04 PM

GPEI warned that failure to eradicate polio could lead to as many as 200,000 paralyzed children a year across the globe.
HP?s CEO Chops 27,000 Jobs, Investors Cheer
May 24 2012 9:42 AM

Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people.
Iran Rejects West's Proposal On Nuclear Curbs, Talks Come To A Standstill
May 24 2012 8:12 AM

The talks between world powers and Iran over Tehran's nuclear program came to a standstill Thursday as it accused the P5+1 group (five permanent members of the UN and Germany) of creating a difficult atmosphere hindering talks.
Rio Environmental Summit To Focus On Global Food Security Issues
May 23 2012 4:12 PM

As soils, freshwater, oceans, forests and biodiversity are being rapidly degraded and climate change puts more pressure on the resources, it is time to rethink how we grow, share and consume our food.
Global Stocks Fall On Fears Of Greek Exit From Euro Zone
May 23 2012 8:47 AM

Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
European Stocks Boosted By Positive Outlook: Daily Markets Wrap
May 22 2012 4:13 PM

Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
Pakistan And Turkey Agree To Strengthen Economic, Trade Ties
May 22 2012 9:40 AM

Yousuf Raza Gilani and Recep Tayyip Erdogan also vowed to significantly increase the volume of trade between Turkey and Pakistan.
OECD Sees Euro Zone Crisis Threatening Global Recovery
May 22 2012 8:29 AM

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.