The global economy is facing tremendous uncertainty from the war between Hamas and Israel in the Middle East, on top of the ongoing war between Russia and Ukraine. Those conflicts don't just threaten the regions where they're unfolding; they may also fray the weakening interconnectedness that remains among the world's largest economies.

The company has decided to put more focus on growth in East Asia, Europe and the Middle East, while they expect that their Latin American and Asia Pacific businesses will prevail.

South Korea's government has proposed pumping billions of dollars into its economy as it struggles with falling exports and an outbreak of Middle East Respiratory Syndrome (Mers).

South Korea confirmed a fourth case of the Middle East Respiratory Syndrome (MERS) on Tuesday, saying a daughter of the third patient was found to have been infected with the viral virus.

Acer dropped from No. 2 to the No. 4 position in the worldwide PC market in the second quarter of 2011, according to Gartner. It had a great deal of inventory in the distribution channel in the Europe, Middle East and Africa (EMEA) region. Acer's problems stemmed from its low-price, high-volume business model, which is no longer effective.

BenQ, a world leader in LED Monitors and TVs, has launched its new L-Series LED TV to the Middle East, offering customers in the region a truly exceptional home cinema viewing experience.

STX Group, owner of the world's third-largest marine-engine maker, said it may team up with a Middle Eastern sovereign wealth fund to bid for a stake in Hynix Semiconductor.

Brent crude fell by almost US$3, reaching a two-week low near US$111 on investor pessimism that economic growth will slow in the wake of Japan's earthquake and tsunami, while easing unrest in the Middle East threw the focus back onto ample oil supplies.

The Obama administration is considering tapping the Strategic Petroleum Reserve in response to rapidly rising gasoline prices brought on by turmoil in the Middle East. Oil for April delivery settled at US$104.42 a barrel on the New York Mercantile Exchange on Friday.

Oil prices climbed to their highest level in 30 months in London today as Libya's uprising reduced shipments and sparked fears of unrest spreading across the Middle East.

"We are pleased to be working with the TRA, Etisalat and Du on this important initiative to support mobile innovation across the Middle East. We are excited to build on our success in the region and to deepen our commitment to delivering industry leading products and services...," said Jim Balsillie, co-CEO of RIM.

Dubai's debt problems shook markets that are recovering from the collapse of the US housing market and contagion that threatened to rupture the global financial system last year.