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Blog: Trouble is brewing

In his weekly blog, John Defterios looks at the rising cost of oil and notes that it's not the only commodity reaching record highs.

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Sunday: 08:15
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Iraq's oil industry
Iraq's oil industry

Iraq has a vast and untapped oil wealth, perhaps 100 billion barrels worth. That's enough, industry experts say, to boost world oil supplies and trigger a decline in prices.


This week on MME
This week on MME

This week MME is on the road at the Jeddah Economic Forum in Saudi Arabia. We ask Prince Turki Al-Faisal how the Kingdom is spending its oil windfall.

Face Time with Hussein al-Shahristani
Face Time with Hussein al-Shahristani

Hussein al-Shahristani is a survivor; an internationally respected nuclear scientist who endured torture and solitary confinement in Iraq's notorious Abu Graib prison for defying former dictator Saddam Hussein.

Going green in the UAE
Going green in the UAE

A massive stage set in the middle of an empty stretch of Abu Dhabi's desert, with a projector screen several stories high, lined with TV cameras and lights. It was the setting for a stunning announcement -- an ambitious plan to spend $22 billion to build an entirely new green city.


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Should Gulf countries be doing more to "go green"
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