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MIDDLE EAST BUSINESS
The Middle East, especially the oil-rich Gulf, is the world's hottest economic region, shrugging off the economic gloom plaguing much of the rest of the world. Hundreds of billions of dollars in wealth are piling up there each year in countries like Saudi Arabia, the United Arab Emirates, Iran, and Iraq. Money and the Internet are changing the region fast and helping to build huge fortunes and world class companies. But explosive tensions remain over Israel, Iran, Iraq, and the Palestinians.
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Iran will build 6.9mn bl of products storage by the end of March next year, as it boosts capacity to 80 days of...
Their husbands have run some of the most brutal regimes of the Arab world. But who are the women who stand by the...
A whooping 90% of Saudi workers are employed by the government. This, sinking oil prices and geopolitical tensions...
The South African government today said it had made no final decision on future imports of Iranian crude in light of US...
ran's state-owned NIOC has lowered its April crude official formula prices to northwest Europe and for most grades to...
Iraq's refining sector is in pressing need of extensive rehabilitation, modernisation and conversion, and needs new...
Lukoil and Iraq awarded the deal to Samsung in January to build a central processing facility, or CPF.
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Richard Russell, writer of the Dow Theory investor newsletter, believes that an attack is coming and market behaviour...
The OSPs of all Saudi crudes bound for Asia were raised Sunday by $0.10-$3.40/barrel for April-loading cargoes.
Oil rose to a 10-month high above $125 a barrel on Friday, prompting responses from policymakers around the world
Not only officials and companies are making the money assigned to rebuild Iraq disappear. A record number of US...
Is the Mediterranean an attractive and safe destination for business?
From Yahoo! News: MANAMA (Reuters) - Iran has built up its naval forces in the Gulf and prepared boats that could be...
Sanctions on Iran are tightening after Overseas Shipholding Group, Frontline Ltd. and owners controlling more than 100...
Oil rebounded from a three-day low in New York after Greece’s parliament approved austerity measures to obtain an...
Angola's Sonangol is pulling out of a $7.5 billion natural-gas project in Iran, a top executive with the African...
Japan faces a dilemma. It has to balance its changed energy needs in the aftermath of the Fukushima disaster with the...
Oil fell for the first time in eight days after the Group of 20 nations rebuffed calls from euro countries to increase...
Saudi Arabia, OPEC’s largest crude producer, reduced oil output and exports in December from November when it produced...
Indian private-sector refiner Essar Oil has had no disruptions to its Iranian term crude supplies as a result of the...
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