Middle East Business News

US light, sweet crude was up 86 cents to $47.20 a barrel, although it had reached $48.68 earlier on Monday. The price of Brent crude was up 61 cents to $47.52 a barrel. "The Gaza conflict added to the geopolitical...

The fate of the dissident People's Mujahedin of Iran based in Iraq's Diyala province hangs in balance following American security transfers, a review suggests. Iraq after today because it has caused a political crisis that contradicts the constitution," Maliki said...

The dollar rose sharply against major currencies Monday ahead of anticipated interest rate cuts by the European Central Bank. The greenback also received a boost as details began to emerge about President-elect Barack Obama's plans for a massive U.S. fiscal...

Club said that the fall in growth expected this year would be reduced if oil prices remained at their current levels. But the independent economic forecasting group warned of the downsides of sustained low prices...Previously, the cost of oil had...

Only a couple of months ago, it was so hard to get a decent room in Dubai at decent prices even during the torrid summer...The room rates are cut by as much as half and even the much-hyped Atlantis luxury...