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U.N. warns of sanctions for oil trading with Syria, Iraq militants

U.N. warns of sanctions for oil trading with Syria, Iraq militants

UNITED NATIONS (Reuters) - The U.N. Security Council expressed grave concern on Monday over reports that radical militants have seized oilfields and pipelines in Syria and Iraq and warned that anyone caught trading in oil from the "terrorist groups" could face sanctions. The...

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NGO: Jihadists sell Syrian oil to Iraqi businessmen

NGO: Jihadists sell Syrian oil to Iraqi businessmen

The jihadist Islamic State is selling oil and liquid gas products extracted from fields under its control in Syria to Iraqi businessmen across the border, a monitoring group said Monday. ISIS has captured large swathes of territory in Syria and Iraq, including all of oil-rich Deir...

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Ukraine unrest, Gaza keep pressure on shares, bonds steady

Ukraine unrest, Gaza keep pressure on shares, bonds steady

(Reuters) - World markets remained under pressure on Friday after the downing of a Malaysian airlines jet at the Ukraine-Russia border, new sanctions on Moscow and unrest in Gaza had sent investors scurrying into defensive assets. European shares .FTEU3 saw more selling...

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Rebels attack village of Assad's defence minister

Rebels attack village of Assad's defence minister

BEIRUT (AP)- Rebels attacked the Syrian defence minister's village on Friday, capturing parts of it after killing at least 18 soldiers and pro-government gunmen, activists said. The assault began with a suicide bombing against an army checkpoint in government-controlled Rahjan,...

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U.S. imposes sanctions on Lebanese firm for Hezbollah ties

U.S. imposes sanctions on Lebanese firm for Hezbollah ties

WASHINGTON (Reuters) - The United States on Thursday imposed financial sanctions on a Lebanese consumer electronics company, saying it purchased supplies used to develop military drones for the militant Hezbollah movement. Stars Group Holding secretly bought electronics in the...

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U.S. blacklists UAE firm for flouting sanctions on Syria

U.S. blacklists UAE firm for flouting sanctions on Syria

WASHINGTON (Reuters) - The United States on Wednesday slapped sanctions on a United Arab Emirates company for supplying specialty petroleum products to the Syrian government, and blacklisted two additional Syrian companies. Pangates, based in Sharjah in the UAE, supplied...

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Syria's Assad accused of boosting al-Qaeda with secret oil deals

Syria's Assad accused of boosting al-Qaeda with secret oil deals

The Syrian regime of President Bashar al-Assad has funded and co-operated with al-Qaeda in a complex double game even as the terrorists fight Damascus, according to new allegations by Western intelligence agencies, rebels and al-Qaeda defectors. Jabhat al-Nusra, and...

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Barrel bombs kill dozens in Anadan, Northern Aleppo

Barrel bombs kill dozens in Anadan, Northern Aleppo

    A barrel bomb attacks targeting Anadan town in Northern Aleppo countryside killed 20 people and wounded dozens on Saturday, local activists told Zaman Alwasl. Activists expected an increasing number of dead due to the violent shelling which has reduced entire...

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Syria's economy heads into ruin: U.N. sponsored report

Syria's economy heads into ruin: U.N. sponsored report

(Reuters) - Syria's economy , rocked by four years of civil war, is shrinking fast as industrial and agricultural output falls, leaving almost two thirds of the population in extreme poverty, according to a U.N. sponsored report released on Wednesday. The study, conducted by...

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Syria has suffered $143.8-bn economic loss due to civil war: UN

Syria has suffered $143.8-bn economic loss due to civil war: UN

United Nations, (IANS/WAM) Syria has suffered $143.8 billion in economic losses due to the continuing civil war in the country, according to a new UN report. The joint report by the Syrian Centre for Policy Research and the UN says that even as the death toll from Syria's...

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Deutsche Bank enlists Qatar in $11 billion capital hike

Deutsche Bank enlists Qatar in $11 billion capital hike

(Reuters) - Deutsche Bank ( DBKGn.DE ) launched plans to raise 8 billion euros ($11 billion) in new capital on Sunday with the Qatari royal family a major new investor, in a bid by Germany's largest bank to end questions about its capital strength. The bank had already raised...

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Netherlands: Saudi Arabia may curb trade ties over Wilders' anti-Islam slogans

Netherlands: Saudi Arabia may curb trade ties over Wilders' anti-Islam slogans

(Reuters) - Saudi Arabia is considering trade sanctions against the Netherlands because of stickers printed by far-right politician Geert Wilders which display anti-Islam slogans in the colors of the Saudi flag, a Dutch foreign ministry spokesman said. Wilders, leader of...

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Syria may face worst wheat harvest in 40 years

Syria may face worst wheat harvest in 40 years

War and drought have crippled Syria's wheat crop, with some experts now forecasting output of the staple food could fall to around a third of pre-war levels, and possibly even below 1 million metric tons ( 1 metric ton = 1.1023 tons) for the first time in 40 years, Reuters said in an...

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Iraq potentially Turkey's biggest energy partner

Iraq potentially Turkey's biggest energy partner

Iraq's oil and natural gas reserves hold great importance for Turkey, a country which is highly dependent on imports for energy consumption. Iraq has been struggling to stabilize politically since the US invaded in 2003 and removed the Baathist regime of Saddam...

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Syria rebels kidnap ex-presidential hopeful

Syria rebels kidnap ex-presidential hopeful

Syrian rebels from the southern province of Daraa have kidnapped a presidential hopeful whose bid was turned down by the constitutional court, according to an online video distributed Tuesday. The video shows three armed, bearded rebels wearing fatigues in a room with Mohammad...

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Syria tourism minister’s investment bid: ‘some areas are 100% secure’

Syria tourism minister’s investment bid: ‘some areas are 100% secure’

Syria hopes to attract foreign investment in tourism, a government minister said on Friday, despite a three-year civil war that has killed more than 150,000 people and devastated many historic sites. “The situation in Syria isn’t as the world imagines. There are areas that...

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Egypt's SODIC posts 2013 net loss of $64 million

Egypt's SODIC posts 2013 net loss of $64 million

Egyptian property developer SODIC swung to a net loss of 447.1 million Egyptian pounds ($64 million) last year, due to one-off items including a write-down on its investments in Syria, managing director Ahmed Badrawi told Reuters on Tuesday. The company had made a net profit of 257...

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Euro zone consumer confidence improves more than expected in April

Euro zone consumer confidence improves more than expected in April

Euro zone consumer confidence rose 0.6 points month-on-month to -8.7 in April, beating market expectations, the European Commission said in its first estimate on Tuesday. Economists polled by Reuters had expected an improvement to 9.0. For the whole of the 28-nation...

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