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The money involved is mind boggling, even by Formula One's heady standards.
Going to to the supermarket is a chore at the best of times.
While governments across the region grapple with the rising cost of food, groups like the Organization for Economic Co-operation and Development (OECD) are working to create strategies to address the problem.
Despite the credit crunch and rising inflation in the Gulf, the region has found a new passion for investing. And one of the biggest growth markets at the moment is modern art.
It's the biggest film industry in the Middle East and known as the Hollywood of the Arab world. Veteran players like actor, Omar Sharif and director, Youssef Chahine are known to film fans the world over.
In Focus -- Arab View on Wall Street
This year's Forbes Rich List is notable for the absence of Bill Gates at the top. After 13 years as the world's richest man, he has finally been toppled by his friend Warren Buffett who has an estimate fortune of $62bn.
Dramatic economic expansion in the Middle East has forced the region to shop around for talent.
The money involved is mind boggling, even by Formula One's heady standards.
Going to to the supermarket is a chore at the best of times.
While governments across the region grapple with the rising cost of food, groups like the Organization for Economic Co-operation and Development (OECD) are working to create strategies to address the problem.
Despite the credit crunch and rising inflation in the Gulf, the region has found a new passion for investing. And one of the biggest growth markets at the moment is modern art.
It's the biggest film industry in the Middle East and known as the Hollywood of the Arab world. Veteran players like actor, Omar Sharif and director, Youssef Chahine are known to film fans the world over.
In Focus -- Arab View on Wall Street
This year's Forbes Rich List is notable for the absence of Bill Gates at the top. After 13 years as the world's richest man, he has finally been toppled by his friend Warren Buffett who has an estimate fortune of $62bn.
Dramatic economic expansion in the Middle East has forced the region to shop around for talent.
High-technology services across large tracts of Asia, the Middle East and North Africa were crippled Thursday following a widespread Internet failure which brought many businesses to a standstill and left others struggling to cope.
Middle East Scorecard This week, CNN Marketplace Middle East is on the road in Davos for the World Economic Forum, a melting pot of CEO's, World Leaders, and the Media. It is a place where deals are made and peace talks brokered. But, why is this yearly event in the Swiss Alps a go-to event for Middle East businessmen and politicians alike? The Forum has historically been a backdrop for Middle East Peace talks, but increasingly, but now the profile for the region is evolving to economics. MME will look at the region's economic progress, as well as its potential risks.
The Middle East may be awash with cash, but that didn't stop the region's stock markets being swept up in the global gloom that engulfed investors around the world this week.
The U.S. relationship with Middle East Sovereign Wealth Funds Middle East Sovereign Wealth Funds are hitting the headlines this week as U.S. President George W. Bush tours the region.
Never before have film stars had so many opportunities to pose for the paparazzi. The cinematic diary is crammed full of festivals. Now there's a new one in Abu Dhabi.
There's renewed hope this week that peace may finally become a reality in the Middle East.
As recently as a few years ago, flying around the Middle East was an expensive exercise. Unlike the U.S. and Europe, there were no low-cost carriers competing for passengers on price. How times have changed.
Victor Chu is chairman and CEO of Chinese investment firm, First Eastern Investment Group. He is also the chairman of FE Securities and First Eastern Investment Bank, the first Chinese bank to be licensed by the Dubai International Financial Centre.
Although the cost of a barrel of crude jumped more than 40 percent this year to over $90 in October, the spike was driven more by jitters about unrest in the Middle East and forecasts of strong demand than by a drop in supply.
Arif Naqvi is CEO of Abraaj Capital, a Dubai-based investment firm specializing in private equity investments in the Middle East, North Africa and South Asia region.
This week's business news from the Middle East: Borse Dubai responds to LSE's merger with Italian stock exchange; Kuwait hospitality group buys UK bakery chain; Doha property company signs deal for exclusive French hotel; first direct flight from Middle East to South America.
If you need to contact the following airports, a comprehensive list of Web links is below.
General Electric Co. has signed three new deals in the Middle East worth a combined $1.8 billion, highlighting the region's importance to the U.S. industrial conglomerate.
In 1982, during a period of dangerous stalemate in the Middle East peace process, I gave a speech at Georgetown University about the critical need for a more engaged and balanced role for the United States in the region.
Being a young woman trying to forge a career in business can be difficult enough at the best of times.
The current juncture in Middle East diplomacy presents a golden but final opportunity to resolve the longstanding Israeli-Palestinian conflict, according to Jordan's King Abdullah.
This has certainly been an anxious year for investors, but the final results haven't been bad at all. Blue chips, in particular, have turned in impressive results.
The bipartisan Iraq Study Group, led by former Secretary of State James Baker, a Republican, and former 9/11 Commission Co-Chair, Lee Hamilton, a Democrat, has been at work for eight months to develop an assessment of the war in Iraq and new policy recommendations.
The assassination of Lebanese cabinet minister Pierre Gemayel and its ramifications for Middle East politics continues to dominate the editorial pages of many major world papers. The Guardian in the UK says Gemayal's murder is "a brutal gesture of contempt for the hundreds of thousands who took to the streets after the murder of Rafiq Hariri last year, and seemed to have taken control of Lebanon."
President Bush made a case for democracy and moderate voices in the Middle East Tuesday, challenging world leaders to play a supportive role and rejecting claims that the West is at war with Islam.
Seems like only a couple of weeks ago, everyone was worried that oil was on its way to $100 a barrel. Since then, the oil price has fallen 15 percent to below $66.
U.S. stocks turned higher just after Tuesday's open as oil prices remained steady in the face of concerns about the Middle East.
Bonds ended lower Monday as geopolitical tensions eased in the Middle East and a cease-fire appeared to be holding between Israel and Hezbollah.
The postman didn't ring twice - he rang dozens of times. And thanks to a new technology developed by Swedish company Micro Systemation, a British postman who stole credit cards from the mail and us...
State of play in the Middle East: Lebanon, extensively damaged plus a half-million refugees; Syria, tired of being dissed; Israel, disproportionate. Are you kidding? Did it work last time they occupied Lebanon? Condi Rice, undercut by neocons at home? Iraq, completely fallen apart. Iran, only winner? Everybody else, mad at Bush. Most under-covered story, collapse of Iraq.
We Americans like to think we're a pretty smart people, even when evidence to the contrary is overwhelming. And nowhere is that evidence more overwhelming than in the Middle East. History in the Middle East is everything, and we Americans seem to learn nothing from it.
Stocks bounced back Tuesday, erasing losses at the end of a tough session, after oil prices fell amid hopes for a cease-fire in the Mideast.
U.S. stock markets were pointing to a flat open Tuesday as higher oil and global tension were being balanced by better than expected earnings results from some blue chip companies.
The world's most densely populated capitals are familiar with traveling exhibitions that bring large numbers of fantastically rare objects from around the world and put them on display for the general public to enjoy.
We were filming an interview on a Beirut street with Youssef, a 21-year-old Lebanese man from a conservative Shia family.
On the day suicide bombers blew themselves up in the Egyptian Red Sea resort of Dahab, I switched the TV in the Atlanta anchor office to Egyptian television. I wanted to see how local media were covering the news of the triple bombing that killed at least 18 people and wounded dozens more on April 24th.
I never thought I'd ever spend a birthday in a sushi restaurant in Cairo.
Thinking about giving a Japanese business partner a gift bearing the words "made in China", or ordering an Italian colleague an after lunch cappuccino? Think again.
It may be one of the most dangerous phrases in the English language. It certainly is one of the most expensive.
While the world sees the Middle East as a hotbed of tension and geopolitical strife, brand-name purveyors of American fashion, entertainment and luxury products are eager to bulk up their business, particularly in the region's lucrative retail markets.
Denmark's leaders are calling for calm and dialogue as the nation finds itself under increasing pressure over the cartoons depicting Islam's revered Prophet Mohammed.
General Motors will take the occasion of the Winter Olympics in Italy to begin telling Americans about a topic that has nothing to do with skiing or bobsledding. Believe it or not, the once-great automaker will stake its position as a friend of the environment and as a promoter of ethanol, specifically a blend of 85 percent ethanol and 15 percent gasoline called E85.
CNN International is turning its "Eye on the Middle East" with a wide-ranging and engaging week of special programming focusing on the people of this critical region, the prospects they embrace, and the problems they face.
November sees CNN International turning its "Eye on the Middle East" with a wide-ranging and engaging week of special programming focusing on the people of this critical region, the prospects they embrace, and the problems they face.
The airline industry is in trouble in the United States. But elsewhere, it's blue skies and big opportunity--especially for niche players in regions with only one major airline. Launching at the en...
Zooming gas prices, plus the usual bad news from the Middle East, naturally raise the question: What else can we do? Quite a lot, actually. And if the price of oil sticks above $40 a barrel, the dy...
Americans are fed up with price gouging and government inaction on energy prices, according to a recent survey conducted for the Civil Society Institute, a nonpartisan, nonprofit think tank.
More than twice as many adults in Britain, France and Germany believe the Gaza disengagement plan will help the Middle East peace process rather than hinder it, according to the findings of a new CNN/TIME poll conducted by TNS, and published Monday.
The Middle East, in a desire to expand its economic base from a traditional reliance on oil, is enthusiastically embracing executive education and investing in facilities to drive the sector's growth.
The Middle East is becoming one of the planet's most fertile mobile-phone markets. By 2008 the number of wireless subscribers in the area is expected to swell to 110 million, up from 44 million in ...
It's funny how the word "crusade" has gotten watered down over time.
People power is changing the face of the Middle East, but the democracy deal isn't sealed--yet
President Bush on Wednesday night reiterated his second-term commitments to win the war on terrorism, and spread freedom and democracy throughout the Middle East -- from Iraq to Israel to the Palestinian territories.
The Iraqi elections helped send a signal to the entire Arab world that democratic reforms are necessary, Jordan's King Abdullah II said Monday.
If you think the worst is over for oil, think again.
British Prime Minister Tony Blair is traveling Monday to the Middle East where he will promote an international conference he plans to host in London after next month's Palestinian election. CNN's European Political Editor Robin Oakley spoke to anchor Tony Campion about the visit.
The death of Palestinian leader Yasser Arafat was raising hopes among investors Thursday that there may be an opening for peace in the long-troubled Middle East.
President Bush on Tuesday delivered a wide-ranging speech extolling what he described as a rise of freedom in the Middle East and the Muslim world; asserting that the return of sovereignty in Iraq is a clear defeat for terrorists; and lauding Turkey as a model of democracy.
U.S. Treasury prices dropped Thursday in an initial reaction to firm inflation and jobs figures, although the losses were limited amid additional unrest in the Middle East.
"Completing the five steps to Iraqi elected self-government will not be easy. There's likely to be more violence before the transfer of sovereignty and after the transfer of sovereignty. The terrorists and Saddam loyalists would rather see many Iraqis die than have any live in freedom.
U.S. stocks tumbled early Monday, hit hard by geopolitical worries and higher oil prices.
Jordan's King Abdullah II called on fellow Arab leaders Saturday to unite against a "culture of terror and destruction" and enact sweeping changes to bring democracy to the Middle East.
Fifty-five nations at an international conference have pledged to suppress rising anti-Semitism and agreed that the Middle East conflict cannot justify attacks on Jews.
Treasury prices rose Monday as investors looked to fixed-income securities amid concerns of further violence in the Middle East and political turmoil in Asia.
War, we all know, is hell. It's not too good for economies either. The continuing instability in Iraq and the renewed fighting between Israelis and Palestinians are having corrosive effects on busi...
In the 1990s, Wall Street was a fairly parochial place. Its focus was really on itself, on the markets, on hot stocks and on the investor buying binge. But these days Wall Street has to contend wit...
Back in January, our "Best Investments for 2002" featured eight stocks we thought could beat the market this year. So far, four of our stocks have done so. But it's been a tough eight months, with ...
Let's lay out a few facts about these turbulent times: After back-to-back years of a tumbling stock market, investors face the ugly prospect of a three-peat. The dollar is diving, corporate profits...
To appreciate America's energy predicament in the post-Sept. 11 world, you don't have to visit the oil fields of Texas and Alaska or journey to East-of-Suez OPEC strongholds like Kuwait and Saudi A...
They started hauling the bodies out about 36 hours after the attack. A day and a half to let the fires burn, to sift through the rubble and ash that was once the citadel of American capitalism and ...
Prince Alwaleed bin Talal bin Abdul Aziz al Saud has just had an epiphany. "Murdoch should sell the Los Angeles Dodgers," he shouts, which is the way he talks when he thinks he's onto something. "I...
People have worried that the world will run out of oil almost since Colonel Drake drilled the first well in Pennsylvania in 1859. As early as 1874, Pennsylvania's chief geologist predicted that ker...
While most of the industrialized world rouses from recent economic slumber, many developing nations are long awake and working overtime.
It's in the air, everywhere: recession scare. Most FORTUNE 500 CEOs responding to the magazine's latest survey expect one soon (see The Economy/CEO Poll). More than half the Blue Chip consensus now...
Fear of a Middle East war sent stocks tumbling and bond yields soaring in August. Small stocks were pummeled worst, falling 13%, while blue-chip Dow stocks slipped 10%. Meanwhile, inflation fears p...
August was the cruelest month. As oil prices shot from $18 to $32 a barrel, stock and bond prices plunged, handing small investors their biggest losses since the 1987 stock market crash. For the mo...
Faster than you can say $30 a barrel, Saddam Hussein's invasion of Kuwait transformed the prevailing attitude on the economy from guarded optimism to low-grade anxiety. Growth had turned feeble eve...
HIGHER OIL prices have raised simmering worries about the economy to a boil. The small band of forecasters who expect recession -- some say a downturn started last spring -- is growing and getting ...
Tumult in the Middle East has cast a pall over the stock and bond markets but lit a fire under anything associated with oil. Shares of the big oil producers were the first thing most investors boug...
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