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After deal, Libya's ports prepare to load oil tankers

After deal, Libya's ports prepare to load oil tankers

Libya's Zueitina oil port prepared on Monday to load crude into tankers after the government reached a deal with rebels to reopen four terminals that insurgents have occupied since the summer. The federalist rebels agreed on Sunday to end gradually their eight-month blockade...

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 U.S. probing high-speed trading, attorney general says

U.S. probing high-speed trading, attorney general says

The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday. The disclosure comes the same week that regulators and the FBI also confirmed they are looking into potential wrongdoing by...

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East Libyan rebels to end oil port blockage within days: senior leader

East Libyan rebels to end oil port blockage within days: senior leader

A rebel group in eastern Libya has agreed with the government to end its seizure of vital oil ports within days, a senior leader told Reuters on Tuesday, raising hopes for an end to an eight-month stalemate that has dried up state income and fuelled chaos. There was no...

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Iran fuel price hikes will be big test for Rouhani

Iran fuel price hikes will be big test for Rouhani

Looming fuel price rises in  Iran  will be the first major test of President Hassan Rouhani's ability to retain public support in the face of attacks from his hardline rivals. Since he was elected in August, Rouhani has pleased many Iranians by reaching an interim...

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Wall Street ends down on concerns about Russia

Wall Street ends down on concerns about Russia

U.S. stocks fell on Wednesday, led by losses in materials and technology sectors, as geopolitical concerns rose after the U.S. and European Union agreed to work together on tougher sanctions on Russia. The Dow Jones industrial average .DJI was down 98.89 points, or 0.60 percent, to end...

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Oil spill cleanup efforts continue off Texas Gulf shore

Oil spill cleanup efforts continue off Texas Gulf shore

Four skimming boats surrounded a partially submerged barge on Sunday at the entrance to the Houston Ship Channel, working to clean up fuel spilled from the vessel into Galveston Bay after a Saturday collision with a cargo ship, according to a Reuters eyewitness. The Houston Ship...

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GM CEO says only learned of defective cars in late January

GM CEO says only learned of defective cars in late January

General Motors Co Chief Executive Mary Barra said on Tuesday that she did not learn details about defective GM cars linked to 12 deaths until January 31, just two weeks after she took over as CEO and nearly 13 years after GM engineers first documented problems. The automaker last...

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U.S. forces seize tanker carrying oil from Libya rebel port

U.S. forces seize tanker carrying oil from Libya rebel port

U.S. special forces have seized a tanker that fled with a cargo of oil from a Libyan port controlled by anti-government rebels, halting their attempt to sell crude on the global market. Gunmen demanding regional autonomy and a share of oil wealth had managed to load the ship, which...

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Clothing prices increase 300% as Syrian war continues

Clothing prices increase 300% as Syrian war continues

Shopping is no longer among the priorities for Syrian families in Damascus due to the rapid and drastic increase in the prices of clothes as a result of factories’ closure and the inflation which ate the Syrian Pound. Damascus shops lie empty and people only pass by them to take a look at the...

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Syria's economy devastated by war, propped up by allies

Syria's economy devastated by war, propped up by allies

Syria's civil war has ravaged the country's economy, causing damage that could take years to repair, and people have been forced to focus on finding basic necessities, like food and fuel, experts say. Gross domestic product has plunged nearly 40 percent since 2010, the year before the war began,...

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Syrian Economy may fall down even before Assad's regime: Expert

Syrian Economy may fall down even before Assad's regime: Expert

In an attempt to find answers regarding the deteriorating Syrian economy “Eqtsad "made an interview with Dr. Hussein Alamash , an economist and former director of the unemployment committee in Syria. DR Ammash assured that If the regime has not fallen yet, the Syrian...

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 Stocks hit by Ukraine war threat, gold, oil jump

Stocks hit by Ukraine war threat, gold, oil jump

The rising threat of war between  Ukraine  and  Russia spooked markets and sent investors scurrying for relative safety on Monday, pushing stocks down sharply and lifting gold to a four-month high. With Russian troops already on Ukrainian soil after an incursion...

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Isreael wants India to explore gas, sign trade pact: Envoy

Isreael wants India to explore gas, sign trade pact: Envoy

Israel has invited Indian companies to take part in extracting natural gas from its newly-found reserves, with 40 percent of the produced hydrocarbon reserved for exports, even as it wants talks on a free trade pact to fructify soon. Israeli Ambassador to India Alon Ushpiz said his...

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 Gaza's economic woes pile up, unemployment soars

Gaza's economic woes pile up, unemployment soars

Voices of  construction  workers and the noise from their  tools  used to ring out in Gaza's streets. Now hulks of unfinished buildings stand in eerie silence, and the idle builders are left to worry how to make ends meet. An Egyptian-Israeli blockade on the...

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Analysis: Israeli natural gas fields hold big promise for Noble Energy

Analysis: Israeli natural gas fields hold big promise for Noble Energy

  Noble Energy Inc  ( NBL.N ) slashed the risks to its colossal Israeli  natural gas project by selling a stake to Australia's largest oil producer and sealing a crucial supply deal with a Palestinian power company in one of the world's political flash points....

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Anbar conflict halts Iraq's trucked oil exports to Jordan

Anbar conflict halts Iraq's trucked oil exports to Jordan

Trucked exports of oil from  Iraq  to neighbouring Jordan have been halted due to deteriorating security in Anbar province where militants have overrun the city of Falluja, an oil ministry spokesman said. When the exports were halted was not clear, but Asim Jihad said the...

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Russia Finds Path Into Mediterranean Gas Through Syria

Russia Finds Path Into Mediterranean Gas Through Syria

With the Eastern Mediterranean emerging as a possible alternative to Russian gas for European consumers, Moscow has found a point of entry of their own – Syria. Shortly before the New Year, Russia’s SoyuzNefteGaz signed a  $90 million deal  to support Syria’s first...

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Turkish markets hit after minister urges Erdogan to quit

Turkish markets hit after minister urges Erdogan to quit

       Turkish financial markets slumped on Wednesday despite a promise from the central bank to support the lira, after one of three Turkish ministers resigning in a corruption scandal called for Prime Minister Tayyip Erdogan to follow suit....

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New schools open for Syrian orphans in southern Turkey      Pompeo says US takes Saudi case 'seriously'      Trump: US requested audio, video on missing journalist      Egypt brokers de-escalation deal in Gaza: Source      Turkish police arrive at Saudi consul residence      US student refused Israel entry appeals at Supreme Court      Iran calls US sanctions on paramilitary force 'blind vindictiveness'      Bomb kills Afghan election candidate, wounds seven: officials