Bahrain has denied media reports that Kuwait will mediate to find a resolution to its domestic political crisis.
Protests in Libya which began on February 15 in Libya have escalated into an international conflict as Libyan leader Muammar Gaddafi's efforts to stay in power have triggered efforts by NATO, Arab nations, and other partners to protect civilians.
The symbolic action of turning lights out for an hour in an expression of concern for the environment is in the process of being officially observed in thousands of communities across 134 countries and territories on Australia, Asia, Africa and Europe.
Graffiti art and placards reveal a divided world over the Libyan crisis, with some protestors backing Gaddafi, some opposing Gaddafi and some others opposing the U.S.-led action in particular.
U.S. Military officials are working on details on the transfer of command and control power for enforcing a no-fly zone over Libya.
NATO, with all its 28 member nations in agreement, agreed on Thursday that it will take over command and control of operations to enforce a no fly zone over Libya and all necessary measures to protect civilians, with the United States handing over the heavy lifting to its partners.
The Turkish, which is still questioning the dominant role of NATO in spearheading the military campaign against Moammar Gaddafi, has nonetheless offered the services of its navy to help enforce a UN arms embargo on Libya.
The head of the Arab League said on Monday that the group respected the U.N. resolution authorizing military action in Libya, a day after criticizing the coalition of nations which has been bombing Iraq since Saturday.
The King of Bahrain has declared emergency powers for three months in the wake of continued unrest in the tiny Persian Gulf nation, according to state television.
The decision by Saudi Arabia and other GCC countries to send armed forces to Bahrain to help quell protests is bad enough; but worse is the explanation that the move is in accordance with a Gulf Cooperation Council (GCC) defense pact.
Saudi billionaire Prince Alwaleed bin Talal is considering buying a controlling stake in Kuwaiti telecom firm Zain at a price of 1.7 dinars ($6.12) per share, a newspaper reported on Sunday.
OPEC is in consultations regarding a potential boost in oil output but hasn't decided whether to approve one, Kuwait's Oil Minister said on Tuesday.
Members of oil cartel OPEC are joining Saudi Arabia in raising output to cool soaring prices and allay fears of a supply crunch in the West, the Financial Times newspaper reported on Tuesday.
The six Persian Gulf states have expressed their support for the establishment of a no-fly zone over Libya, while the U.S., U.K. and France try to hammer out an agreement with the United Nations for just such a measure.
A behemoth dragon-shaped shopping mall in the desert near Dubai has become a symbol of the deepening links between East Asia and the Middle East.
Best Buy and Wal-mart both put the iPad 2 on their retail sites.
Reports are emerging that the Libyan government may be jamming satellite signals, in an effort to block incoming news channels and communications from the outside world.
Oil prices continue to rise amidst fears that violent unrest in Libya will not only cut off supplies from that nation, but perhaps spread to other, larger oil producers, including Saudi Arabia.
With Libya and Bahrain joining Tunisia and Egypt in the tally of revolting Middle Eastern states, RBC Capital Markets has considered what the fundamental and stock price impact could be on the Aerospace & Defense sector.
According to PwC, deals in defense and aerospace were at three-year high, with 17 deals in Q4 totaling over $4 billion in value.
Crude oil prices have surged more than 7 percent this morning in New York trading, reaching as high as $98 per barrel, as the chaos in Libya raised fears of supply disruptions.
Unrest spread across the Middle East and North Africa on Thursday as Bahrain launched a swift military crackdown on anti-government protesters and clashes were reported in Libya and Yemen.
