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ISIL oil income is lowest in last 6 months

ISIL oil income is lowest in last 6 months

Oil income of the Islamic State in Iraq and the Levant is at its lowest in the past six months due to the U.S-led international coalition’s airstrikes, Iraqi parliament members have said Tuesday. “ ISIL will be in a bad financial situation as its current...

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Roche to buy majority stake in Foundation for up to $1.18 billion

Roche to buy majority stake in Foundation for up to $1.18 billion

(Reuters) - Roche Holding will acquire a majority stake in molecular and genomic analysis firm Foundation Medicine Inc for up to $1.18 billion, it said on Monday, in a move to bolster the Swiss drugmaker's personalized cancer treatments. This targeted approach to treating...

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Turkey more than doubles exports in last decade

Turkey more than doubles exports in last decade

 Turkey’s automotive, ready–made garments and chemicals sectors lead the way in overall exports last decade which hit the $1.2 trillion mark, data from the Turkish Exporters Assembly shows. Growing significantly each year between 2005-2014 save for the 2009...

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Syrian wheat captured by Kurdish fighters equals 6 billions s.p: regime official

Syrian wheat captured by Kurdish fighters equals 6 billions s.p: regime official

Reporting by Mohamed Al Hussein; Translation by Yusra Ahmed HASAKA- (Zaman Al Wasl) A well-informed source revealed to Zaman al-Wasl that prices of grain the Democratic Union Party PYD” had captured from the regime’s stores reached to 6 Billion...

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Russian government unable to support the ruble

Russian government unable to support the ruble

 Despite its promises, the Russian government has been unable to support the value of the ruble.    After losing 6 percent on the dollar on Monday, the currency on Tuesday fell steadily to a value of 63.45 to the dollar and 75.52 to the euro...

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Brent holds below $53 as oil falls to new five-and-a-half-year low

Brent holds below $53 as oil falls to new five-and-a-half-year low

(Reuters) - Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified. Brent crude held below $53 a barrel as monthly oil selling price cuts for European buyers...

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Turkey consumes second-cheapest gas in Europe

Turkey consumes second-cheapest gas in Europe

Turkey had the second-cheapest natural gas in Europe during the first half of 2014, according to European data. The gas price per kilowatt hour in Turkey was €0.033 ($0.039) for households, and €0.024 ($0.029) for industry in the...

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Expert highlights Syrian gas exploration deal with Russia

Expert highlights Syrian gas exploration deal with Russia

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Asia heartened by Wall Street high, dollar in demand

Asia heartened by Wall Street high, dollar in demand

(Reuters) - Asian markets should be well underpinned on Tuesday after Wall Street closed at historic highs while oil prices suffered a vicious setback after Saudi Arabia quashed all thought of cutting supply. The revival in risk appetites undermined the safe haven yen and...

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Oil slides as Saudi Naimi tells market to forget OPEC cuts

Oil slides as Saudi Naimi tells market to forget OPEC cuts

(Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members...

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Airbus delivers first A350, rules out cancelling A380 project

Airbus delivers first A350, rules out cancelling A380 project

(Reuters) - European planemaker Airbus delivered its first A350 mid-sized jetliner to Qatar Airways on Monday and moved to end speculation about the future of its larger A380 superjumbo. Airbus said it was on course to reach its production goals for the A350, a mid-sized jet...

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 U.S. gas prices fall to lowest since May 2009: Lundberg survey

U.S. gas prices fall to lowest since May 2009: Lundberg survey

(Reuters) - The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday. Prices for regular-grade gasoline fell to $2.47 a...

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Putin says economy might take two years to recover

Putin says economy might take two years to recover

Russian president Vladimir Putin said Thursday that the Russian economy might take up to two years to recover from the doldrums into which it has fallen. He began his annual question and answer session with journalists by speaking about Russia's economic...

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US imposes new sanctions on Syrian regime supporters

US imposes new sanctions on Syrian regime supporters

The U.S. Treasury Department said Wednesday that it would impose new sanctions "on those supporting the Syrian regime’s procurement of specialty fuels and base oil used in its military campaign against the Syrian people." The Treasury department designated 11...

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Syrian regime moves to ensure Iran oil supplies do not falter

Syrian regime moves to ensure Iran oil supplies do not falter

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OPEC's choice for long-term was right: former Sec-Gen

OPEC's choice for long-term was right: former Sec-Gen

OPEC’s recent decision not to cut production makes sense for the long term, former OPEC Secretary General said Friday while dismissing claims that the oil cartel has lost influence over the global market. Speaking to The Anadolu Agency on the sidelines of the fifth Bosphorus Summit in...

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Libya's largest oil export port closed due to clashes: oil official

Libya's largest oil export port closed due to clashes: oil official

(Reuters) - Libya's eastern Es Sider oil export port, the country's biggest, has been shut due to fighting nearby between forces representing the country's competing governments, an oil official said on Sunday. Air strikes on Saturday by forces loyal to Libya's recognized...

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  Iraqi natural gas to reach Turkey by end of 2017

Iraqi natural gas to reach Turkey by end of 2017

Genel Energy is due to begin transferring Iraqi natural gas to  Turkey by the end of 2017, and its volume thereafter will rise year on year, said Mehmet Sepil, president of Genel Energy. The Turkish Ministry of Energy and Natural Resources Taner Yildiz...

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