Middle East Economy

Iraq Warns Kurds Against Striking Oil Deal With Turkey
May 21 2012 1:15 PM

Baghdad believes such an arrangement contravenes Iraqi laws, while Kurds assert they can sign any contract regarding their natural resources according to the terms of the constitution.
Israel Denies Turkish Media Report Of Huge Troop Deployment To Greek Cyprus
May 21 2012 11:05 AM

Israel has never sent troops to any other country in its history, the statement added.
Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25
May 21 2012 9:21 AM

This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
Falling Indian Rupee: Finance Minister Says Government Is Trying to Resolve The Issue
May 20 2012 9:01 AM

Indian Finance Minister Pranab Mukherjee Sunday expressed concern over the depreciation of the rupee.
Air India Likely To Hire Retired Pilots, Government Mulls Over Implementing Panel Report
May 19 2012 5:35 AM

Air India is planning to hire retired pilots for flying international routes even as a strike by a group of pilots entered the 12th day Saturday.
Facebook IPO: Biggest Tech IPO Ever Soars 10% But Closes With A Whimper
May 18 2012 11:07 AM

Shares of Facebook (Nasdaq: FB), the No. 1 social network that raised $16 billion in its initial public offering, the biggest in Internet history, soared more than 10 percent but closed up by only a fraction.
Air India To Get First Boeing 787 Dreamliner Amid Pilots? Strike
May 18 2012 8:35 AM

Air India is poised to get its first installment of Boeing 787 Dreamliner aircraft by the end of this month even as the crisis in the national carrier, caused by the pilots, continues.
Facebook Prices IPO Shares At $38; Values Company At Record $104 Billion
May 17 2012 4:20 PM

Facebook (Nasdaq: FB), the No. 1 social network, raised $16 billion in its initial public offering, the biggest in Internet history, valuing its shares at $38.
U.S. Ready To Strike Iran: Ambassador To Israel
May 17 2012 9:42 AM

Israeli leaders Prime Minister Benjamin Netanyahu and defense minister Ehud Barak have long taken a hawkish stance against Iran.
Afghanistan Demands $4.1 Billion A Year; Plans To Sell Islamic Bonds
May 17 2012 4:33 AM

Afghanistan, bracing for a potential sharp decline in financial support from the West amid fears of a fresh military offensive by the Taliban insurgents, has demanded $4.1 billion a year for its security forces after the foreign troops pull out in 2014, ahead of the NATO summit starting Sunday.
Global Losses From Greek Euro Zone Exit Could Reach ?1 Trillion
May 16 2012 3:56 PM

The financial markets appear to have already priced in Greece?s departure from the euro bloc.
Huge Demand Prompts Facebook To Sell More Shares In IPO
May 16 2012 8:49 AM

Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.