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Syrian refugees boost economic growth in Turkey

Often considered in the short term as a factor of aggravation of unemployment, Syrian refugees in Turkey can contribute to accelerate the pace of economic growth of the country.  According to the latest Femise report of September FEM43-05, "The long-term impact of Syrian refugees...

Spain to help tourism sector cope with Thomas Cook failure

The Spanish government said on Thursday it would pump hundreds of millions of euros into the country's tourism sector to help it deal with the fallout from travel giant Thomas Cook's bankruptcy. The move comes days after the Spanish hotel federation warned that hundreds of hotels faced...

Iran on track to open new oil terminal outside Gulf

Iran said on Monday that it is on track to create a new oil terminal on the Sea of Oman that would open a new export route for its crude and allow tankers to bypass the strategic Strait of Hormuz. The National Iranian Oil Company signed a contract worth around $52 million Monday with three...

Ottoman master's painting sells for $7.4M in London

A masterpiece by a late Ottoman master was sold at auction on Saturday in London for over 6.3 million pounds (almost $7.4 million). The 1880 painting, Girl Reading the Quran, was the work of Osman Hamdi Bey, a pioneer of Turkish painting who died in 1910, and was sold at the Bonhams auction...