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Number of crypto hedge funds soars amid bitcoin volatility

Number of crypto hedge funds soars amid bitcoin volatility

LONDON- The number of hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, despite sharp falls in the value of the virtual coins in recent weeks, data from fintech research house Autonomous NEXT showed Thursday. The firm recorded a...

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Turkish, Korean firms to build ring road in Kazakhstan

Turkish, Korean firms to build ring road in Kazakhstan

Turkish and South Korean companies on Thursday signed a concession agreement to build the Big Almaty Ring Road (BAKAD) project in Kazakhstan. The Turkish firms, Makyol Construction and Alsim Alarko, and South Korean companies -- Korean SK and Korea Expressway Corporation -- inked the...

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Qatar Airways’ CEO says carrier will grow despite Mideast spat

Qatar Airways’ CEO says carrier will grow despite Mideast spat

Qatar Airways’ chief executive said Tuesday the carrier will post a loss this year because four other Arab countries have severed land, air and sea links with Qatar. Akbar al-Baker said that the boycott on Qatar’s flagship airline flying to neighboring Saudi Arabia, the United Arab...

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Touting 'transformation', French PM seeks investment in Dubai

Touting 'transformation', French PM seeks investment in Dubai

 France's Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai Sunday, seeking investment from the oil-rich Gulf region. "France is undergoing great transformation", Philippe said, addressing a thousand-strong audience at...

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Reconstruction Cake: EU States Plan to Rebuild in Homs, Damascus

Reconstruction Cake: EU States Plan to Rebuild in Homs, Damascus

By Abdullah Ghadawi (Zaman al-Wasl)- Sources in the Syrian opposition revealed that economic projects have been promised to Britain and France in Syria, pointing out that these European countries have placed their political and economic interests in Syria, especially regarding...

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France targets deep pockets of Emirati wealth funds

France targets deep pockets of Emirati wealth funds

Prime Minister Edouard Philippe will look to deep-pocketed sovereign wealth funds in the United Arab Emirates to further investments in France when he carries his "France is back" pitch to Abu Dhabi and Dubai this weekend, a government source said. Among the investors Philippe will meet are...

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U.S. announces arrests in $530 million cyber identity fraud scheme

U.S. announces arrests in $530 million cyber identity fraud scheme

The U.S. Justice Department announced one of its largest-ever takedowns of a global cyber crime ring Wednesday, saying it had indicted 36 people accused of trafficking in stolen identities and causing more than $530 million in losses to consumers. The cyber crime network, known as...

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Egypt warns Turkey over eastern Mediterranean economic interests

Egypt warns Turkey over eastern Mediterranean economic interests

Egypt Wednesday warned Turkey against any infringement of its economic rights in the eastern Mediterranean under a maritime border demarcation agreement signed in 2013 with Cyprus that allows exploration for gas in the area. The discovery of the massive Zohr gas field in 2015 has...

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Asia markets plunge after record-breaking loss on Wall St

Asia markets plunge after record-breaking loss on Wall St

Asian stocks plunged Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising U.S. borrowing costs and take profits after months of market euphoria. Tokyo led a collapse throughout the region, briefly diving almost seven...

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Shell says annual profit almost triples to $13B

Shell says annual profit almost triples to $13B

Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13 billion in 2017, energized by rising oil and gas prices. Net or bottom-line earnings for the full year compared with a figure of $4.6 billion in 2016, the Anglo-Dutch energy giant revealed...

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Over half of TurkStream gas pipeline completed

Over half of TurkStream gas pipeline completed

More than half of the first line of the TurkStream natural gas pipeline project to deliver 35 percent of Turkey's gas needs has been completed, Gazprom officials, the project constructor, told visiting Turkish journalists at Novy Urengoy, Russia's biggest gas field and the world's...

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Trump will be 'best salesperson' for US economy at Davos: WH

Trump will be 'best salesperson' for US economy at Davos: WH

US President Donald Trump is aiming to be the "best salesperson" for American economic interests when he goes to Davos later this week, the White House said Tuesday. Trump is set to speak Friday at the World Economic Forum, an annual gathering of the global pro-trade elite at the Swiss...

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Russia may back Aramco IPO, enhance OPEC ties

Russia may back Aramco IPO, enhance OPEC ties

Russian pension funds are considering investing in Saudi Arabian state oil major Aramco when it lists its stock in a move to strengthen the partnership between the world's two top oil producers, Russia's top state investment officer said. The head of Russia's Direct Investment Fund,...

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Iraq to sign gas deal with US firm for southern field

Iraq to sign gas deal with US firm for southern field

Iraq will on Monday sign a memorandum of understanding with American energy company Orion to tap gas at an oil field in the south of the country, the petroleum ministry said. The Nahr Bin Omar field, situated in the hydrocarbon-rich Basra province, is currently producing 40,000 barrels...

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Airbus to get '10 years of visibility' from Emirates deal: CEO

Airbus to get '10 years of visibility' from Emirates deal: CEO

A $16 billion deal with Emirates airline for A380 superjumbos will give Airbus "at least 10 years of visibility", the European manufacturer's CEO Tom Enders said in an interview published Sunday. Emirates announced the deal on Thursday to buy 36 Airbus A380s - just days after the group...

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Raqqa forest uprooted by greedy war merchants

Raqqa forest uprooted by greedy war merchants

 (Zaman Al Wasl)- A well-known forest lies on the northern bank of  Euphrates lake in Raqqa province has been exposed to haphazard timber cutting and neglect for years which resulted in the emergence of empty patches and patches of dry trees. The former employee at...

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Pakistan aims to sell national airline before election

Pakistan aims to sell national airline before election

Pakistan will try to privatize its national airline before general elections due this year, privatization minister Daniyal Aziz said, as the ruling party seeks to restart sales of state-run businesses. Pakistan International Airlines(PIA), hemorrhaging money and losing market share to...

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US report raps Alibaba's Taobao, others for pirated goods

US report raps Alibaba's Taobao, others for pirated goods

Alibaba's Taobao website and numerous public markets around the world were cited Friday as purveyors of hundreds of thousands of dollars in pirated goods in the US government's annual "notorious markets" review. The report by the US Trade Representative spotlighted online venues that...

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Iraq receives 36 out of 73 Russian T-90 battle tanks      Libyan coast guards rescue 324 migrants in open water      At least 88 people killed in regime offensive on besieged Ghouta      FSA seeks solution to detained ISIS militants      YPG denies deal for army to enter Afrin      Saudi foreign minister rejects Qatari proposal of EU-style security pact      Abbas to seek wider peace process in UN speech: officials      Iraq hands 6-year jail term to German militant teen: judiciary