Word: oil
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...Moscow From Russia: Get Out Robert Dudley, CEO of TNK-BP, a lucrative joint venture between British oil giant BP and a Russian consortium, has left the country following what BP called a "campaign of harassment" by Russian authorities, aimed at gaining control of the company. Dudley continues to run TNK-BP, which provides a quarter of BP's global production, from a secret location...
...Washington A Political Veteran Indicted A federal grand jury has charged Alaska Senator Ted Stevens with concealing more than $250,000 in gifts from an Alaskan oil-infrastructure company, including major construction work on his home. Stevens, 84, was charged with seven counts of failing to report the gifts on public disclosure forms. The Senate's longest-serving Republican member, he has given up powerful posts on the Commerce and Appropriations committees while maintaining that the charges are false...
...them as precious creatures who need to be protected. But the past few years have seen women's banks and investment companies proliferate across the Middle East. Arab women, increasingly well educated and common in the workplace, are seeking financial independence. In the Gulf, flush with wealth from the oil and gas boom, they are looking to invest in more sophisticated vehicles than the traditional stashes for women's assets: banks and property. The Kuwait Stock Exchange has a women's floor; during the Arab stock boom of 2006, women in Dubai lobbied for their own corner on the stock...
...Arab woman investor has a long history. The Prophet Muhammad met his first wife, a wealthy Meccan trader, when she hired him to take caravans to Syria. When the Gulf's economy relied on pearls and fish, not gas and oil, absent men often left women in charge of their business affairs. Today, many Gulf women have lots of liquid assets, partly because of Muslim inheritance law. Shari'a dictates that a married woman's wealth is her own; spending on her household is her husband's responsibility...
...precise rock on which the talks foundered - if it hadn't been one, it would have been another - was less significant than the evident power and influence that developing nations now have on the international economic agenda. Seven years ago, before Iraq, the subprime meltdown and $140-a-barrel oil, the world economic order was easier to maneuver. But the intervening years have seen huge growth - and concomitant influence - outside the U.S., Japan and Western Europe...