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Syria's 3 ½-year conflict roiling the economy

Syria's 3 ½-year conflict roiling the economy

DAMASCUS, Syria (AP) — The middle-aged salesman sat glumly among an array of shorts, khaki leisure suits bedecked with gold belts and dresses with plunging necklines in the ancient Damascus bazaar — luxuries few can afford in today's Syria. He, like many traders, lost most of...

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Islamic State oil output was $2 million/day before air strikes: IHS

Islamic State oil output was $2 million/day before air strikes: IHS

WASHINGTON (Reuters) - Islamic State militants were producing about $2 million worth of crude oil per day in Iraq and Syria before recent U.S.-led air strikes, possibly more than double the amount heard in U.S. congressional testimony last month, the research firm IHS said on Monday....

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Lack in Sugar staple as war destroyed 5 factories

Lack in Sugar staple as war destroyed 5 factories

(Reporting by Maher Radhwan; Translation by Yusra Ahmed) HOMS (Zaman Al Wasl)- Sugar production in Syria fell to less than a fifth this year compared to 4 years ago, 250 thousand tons of sugar beet were processed, it was the lowest in 50 years....

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US-led air war a boon for defense contractors

US-led air war a boon for defense contractors

The US-led air campaign in Iraq and Syria is proving a boon to weapons makers, sending their share prices soaring and bolstering political support for higher defense spending. The open-ended air war against the Islamic State group will mean billions in sales for bombs and...

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Regime approves 2015 General budget as the highest in Syria's history

Regime approves 2015 General budget as the highest in Syria's history

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Brazil inflation jumps above target to 6.75 percent

Brazil inflation jumps above target to 6.75 percent

Brazil’s rate of annualized inflation reached 6.75 percent in September, breaching the upper ceiling of the inflation target, the official of national statistics said Wednesday. The IBGE said the Consumer Price Index accelerated from 0.25 percent to...

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Gas-for-detainees, rebels' deal with regime east Homs

Gas-for-detainees, rebels' deal with regime east Homs

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Apple sells more than 10 million new iPhones in first 3 days

Apple sells more than 10 million new iPhones in first 3 days

n">(Reuters) - Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. Chief Executive Tim Cook said the company could have sold even more iPhone 6...

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Bread Crisis hits Homs again, SP. 300 for one kilo

Bread Crisis hits Homs again, SP. 300 for one kilo

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Dollar soars against Syrian pound As US airstrikes loom

Dollar soars against Syrian pound As US airstrikes loom

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New deal between ISIS, Regime on Syria's oil: sources

New deal between ISIS, Regime on Syria's oil: sources

Translation by Dani Murad (Zaman Al Wasl- Eqtsad)- Much has been written about the Islamic State of Iraq and Syria (ISIS) and why it’s considered one of the world’s richest terrorist groups, as in the previously published article by Eqtsad when the...

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Turkey’s economy underestimated: Experts

Turkey’s economy underestimated: Experts

Senior economists admitted that International institutes and credit rating agencies have underestimated Turkey´s growth rate in their earlier reports, as they one by one upgraded growth forecasts for the country in their latest reports. At the beginning...

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Syrians lead in most foreign start-ups in Turkey

Syrians lead in most foreign start-ups in Turkey

Twenty-five percent of the new companies started up in Turkey in the first seven months of this year were set up by Syrians or partnered by Syrians, according to data from the Union of Chambers and Commodity Exchanges of Turkey. According to the data, of the more than...

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Russia to boost trade with Egypt after Western food ban

Russia to boost trade with Egypt after Western food ban

(Reuters) - Russia will increase exports of wheat to Egypt and imports of other agriculture products from it, Russian officials said on Tuesday as the two countries discussed the potential for free trade. The move comes as Russia seeks new sources of supply after it...

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Turkish exporters see profit from Russian ban on Western foods

Turkish exporters see profit from Russian ban on Western foods

(Reuters) - Turkish companies are enjoying a rise in orders from Russia as their government eyes a lucrative long-term opportunity from Moscow's ban on imported Western foods. Mehmet Buyukeksi, head of the Turkish Exporters Assembly (TIM), said he expected a significant...

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U.S. trade gap at five-month low, to boost second-quarter GDP

U.S. trade gap at five-month low, to boost second-quarter GDP

(Reuters) - The U.S. trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2-year low, suggesting that trade was less of a drag on second-quarter economic growth than initially thought. The Commerce Department said on Wednesday the trade gap...

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Wall St. up modestly in early going

Wall St. up modestly in early going

n">(Reuters) - Bank shares are helping Wall Street on Monday after the previous week's fall, following a rescue deal for Portugal's largest listed lender and supported also by earnings from companies such as Berkshire Hathaway ( BRKb.N ). Berkshire shares are up 1 percent...

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U.S. judge signs order to seize Kurdish oil from tanker off Texas

U.S. judge signs order to seize Kurdish oil from tanker off Texas

(Reuters) - Acting on a request from the central government in Iraq , a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan aboard a tanker off the Texas coast, court filings showed on Tuesday. The United Kalavrvta...

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