Established by Fathi Ibrahim Bayoud 2005 - Homs

Home >> Business

Turkish inflation surges again in April ahead of polls

Turkish inflation surges again in April ahead of polls

Turkey's inflation rate edged up to almost 11 percent in April, official statistics showed Thursday, adding to fears that the economy is overheating less than two months ahead of elections. Consumer prices rose 10.85 percent in April from the same month the year earlier, the Turkish...

read more
Air France cuts back on Iran flights, blames weak demand

Air France cuts back on Iran flights, blames weak demand

Air France is cutting its Joon subsidiary's service between Paris and Tehran to the summer season only, blaming a poor economic performance over two years in operation. "Air France has decided to adapt its programme to better match demand," a spokeswoman said by email, adding that the...

read more
White House delays tariffs on EU, Canada and Mexico

White House delays tariffs on EU, Canada and Mexico

WASHINGTON (AP) — The White House said Monday it would postpone a decision on imposing tariffs on U.S. imports of steel and aluminum from the European Union, Canada and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the U.S. prepares for tense trade talks in...

read more
Saudi Aramco appoints first woman to the board

Saudi Aramco appoints first woman to the board

State run Saudi Aramco, the world's top oil company, said Sunday it has appointed five new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives. The appointments come as the Saudi government plans to...

read more
Iraq oil and gas exploration and development auction ends

Iraq oil and gas exploration and development auction ends

 Iraq has awarded Iraqi-owned United Arab Emirates-based Crescent Petroleum three exploration blocks in an oil and gas exploration and development contract auction Thursday and China's Geo-Jade won two. United Energy Group, also based in China, won one contract and a total of five...

read more
Japan says trade talks with US under new framework won't start until June

Japan says trade talks with US under new framework won't start until June

Japan's Economy Minister Toshimitsu Motegi said on Tuesday that bilateral talks on trade under a new framework led by him and U.S. Trade Representative Robert Lighthizer won't begin until mid-June at the earliest. In a summit last week, Japanese Prime Minister Shinzo Abe and U.S....

read more
Iraq extends bid deadline for construction of Mosul oil refinery: ministry

Iraq extends bid deadline for construction of Mosul oil refinery: ministry

 Iraq has extended the deadline for foreign companies and investors to bid for the construction and operation of a new 100,000 barrel per day (bpd) refinery near Mosul in the northern province of Nineveh, the oil ministry said on Sunday. Bidding documents provide for two investment...

read more
Trump slams OPEC, says will not accept high oil prices

Trump slams OPEC, says will not accept high oil prices

U.S. President Donald Trump on Friday criticized OPEC for output reductions that have helped raise oil prices and said the action would not be tolerated, as oil prices appeared set for a second consecutive week of gains. "Looks like OPEC is at it again. With record amounts of Oil all...

read more
German police arrest Porsche manager over diesel scandal: company

German police arrest Porsche manager over diesel scandal: company

 German police have detained a Porsche manager in a probe into the diesel emissions cheating scandal hanging over the luxury car brand's parent company Volkswagen. Porsche chief Oliver "Blume informed the workforce that the prosecutor of Stuttgart has taken a manager into custody",...

read more
China to allow full foreign ownership in auto industry

China to allow full foreign ownership in auto industry

China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other trading partners. The change would scrap rules that require global...

read more
Asia stocks mostly down after Syria strike

Asia stocks mostly down after Syria strike

Most Asian markets fell on Monday after a U.S.-led strike on Syrian targets fueled fresh concerns over the tinderbox Middle East, though analysts said investors were hopeful the crisis would not escalate. The U.S., Britain and France carried out attacks at the weekend on alleged...

read more
Russian ruble and stocks slide on new sanctions fears, lower oil

Russian ruble and stocks slide on new sanctions fears, lower oil

The Russian ruble and shares in some of Russia's biggest companies slid lower Monday, dragged down by the threat of new U.S. sanctions and lower oil prices. Volatility on the Russian market has soared since Washington imposed fresh sanctions against Moscow on April 6, targeting major...

read more
Macron takes to airwaves amid rail strikes, Syria crisis

Macron takes to airwaves amid rail strikes, Syria crisis

Having shunned the French media for most of his presidency, President Emmanuel Macron is to sit for two prime-time interviews this week starting Thursday as he battles strikes at home and faces his biggest test abroad in Syria. The 40-year-old leader will appear for a one-hour interview...

read more
Russian ruble falls on Trump missile threat, US sanctions

Russian ruble falls on Trump missile threat, US sanctions

MOSCOW (AP) — The Russian ruble has again fallen sharply as last week's U.S. sanctions continue to bite and President Donald Trump threatened a missile strike on Syria. The dollar traded above 64 rubles on the Moscow exchange Wednesday morning for the first time since 2016, a 2...

read more
Stock indexes rally as China's president eases trade fears

Stock indexes rally as China's president eases trade fears

NEW YORK (AP) — Stocks jumped Tuesday after Chinese President Xi Jinping said Beijing would reduce tariffs on imported cars and improve intellectual property protection, steps that could ease trade tensions.  Facebook climbed as CEO Mark Zuckerberg testified before the Senate...

read more
Saudi Arabia, France sign deals worth $18 bn: Al Arabiya TV

Saudi Arabia, France sign deals worth $18 bn: Al Arabiya TV

Saudi Arabia and France signed 20 economic deals worth more than $18 billion, Al Arabiya TV said Tuesday as Saudi Crown Prince Mohammad bin Salman visits Paris, without specifying whether they were full contracts or memorandums of understanding. State oil giant Saudi Aramco earlier...

read more
Travel industry eyes blockchain potential for fees, delays, lost bags

Travel industry eyes blockchain potential for fees, delays, lost bags

BERLIN (Reuters) - Blockchain technology has the potential to shake up the travel industry by giving airlines and hotels a way to bypass controlling intermediaries like Expedia (EXPE.O) or Amadeus (AMA.MC) and gain better access to customer data. Major players including Lufthansa...

read more
Egypt's inflation drops again in March, continues decline

Egypt's inflation drops again in March, continues decline

Egypt's official statistics agency says the inflation rate dropped to 13.3 percent in March, the month of the country's presidential election, from 14.4 percent in February. The drop continues a decline since inflation peaked last summer, hovering around 30 percent after the government cut...

read more
X :Latest News
Iranian site severely damaged by Israeli airstrikes: satellite images      Deal reached to evacuate pro-regime Syria towns: activist group      Israel prepared for ‘any scenario’ in Gaza: Netanyahu      Nearly 270 undocumented migrants held across Turkey      Iran resumes air flights to Iraq’s Najaf      Assad forces take strategic hilltop in southwestern Syria      After reprieve, Britain's May faces Brexit battle in parliament on trade      Russian establishment chalks up Trump summit as a win for Putin