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.
Further protest demonstrations have been banned in Bahrain, while the small nation’s military takes greater control following violent anti-government clashes in the capital, Manama, according to state T
What is happening in the Middle East is a major historical critical juncture, said Dilshod A. Achilov, a professor of political science at East Tennessee State University.
UAE telecoms operator Etisalat, which is looking to buy a controlling stake in Kuwait's Zain, sees at least a 60 percent chance of sealing the deal once the due diligence has been completed.
Rumors and speculation are swirling regarding the whereabouts and health of deposed Egyptian ruler Hosni Mubarak.
The global airline industry will also likely see 800-million more travelers by 2014, and more than a quarter of them will come from China.
Arabs celebrated the fall of President Hosni Mubarak on Friday, praising the determination of Egypt's protesters and hoping their demands for change would echo through the Middle East.
Political unrest in Egypt and Tunisia may discourage Western job seekers from moving to the Gulf region as Arab governments focus more on youth unemployment, a recruitment agency report showed.
Irish oil and gas explorer Aminex Plc said on Friday it would increase its stake in a natural gas-bearing exploration block in Tanzania through an agreement with Australia's Key Petroleum.
A classified U.S. document obtained by the anti-secrecy group WikiLeaks shows three previously undisclosed participants in the September 11, 2001 plot, The Washington Post reported on Tuesday.
India rejected on Monday Research In Motion's offer to allow it only partial access to its BlackBerry data services as neighboring Pakistan also moved to restrict the popular smartphone's services.
Al-Jazeera, the Qatar-based Arabic news network which has already been shut down in Egypt, said six of its English-speaking journalists have been arrested in Egypt, amidst continuing unrest in the country.
The state news agency of Oman reported that authorities in the country have discovered a spy ring working from its neighbor, the United Arab Emirates (UAE).
The partnership would work towards immunization of millions of children in Afghanistan and Pakistan against deadly diseases such as polio, diphtheria, tetanus and others
BlackBerry maker Research In Motion on Thursday said there was no possibility of providing India access to corporate emails on BlackBerry devices.
Favourable weather and currencies boosted Kenya's 2010 tea crop and export earnings to record levels, and the sector overtook horticulture as the country's top hard currency earner, officials said on Monday.
Special Forces from South Korea stormed a cargo ship taken over by pirates in the Arabian Sea and rescued the 21-member crew. The rescue attempt occurred a week after the cargo ship, Samho Jewelry, was hijacked by Somali pirates. The ship had eight South Koreans, two Indonesians and 11 people from Myanmar and was carrying chemicals from the UAE towards Sri Lanka.
The sixteenth international Dubai Shopping (DSF) Festival is all set to kick start at the Burj Khalifa, Dubai Creek Park, Global Village, and the Dubai Outlet Mall on Thursday.
Saudi Arabia has taken in Tunisia's fallen strong man, but the oil wealth of the kingdom and its neighbours should ensure the poverty-driven unrest which ousted Zine al-Abidine Ben Ali does not follow him to the Gulf.