(Zaman Al Wasl - Financial Times )- U.S. led air strikes in Syria have inflicted "significant damage" to Islamic State's ability to fund itself, the Pentagon said on Friday. Recent strikes in an air operation dubbed "Tidal Wave II" have been concentrated on oil facilities in the Deir...

Washington (AFP) - An early interest rate hike by the US Federal Reserve would involve higher risks than would waiting a bit longer, the chief economist of the International Monetary Fund told AFP. "I'm not sure that the risks of acting are gigantic, but they're certainly higher,"...

The European Bank for Reconstruction and Development forecast growth for Turkey at 3 percent in 2015, in a report released on Thursday. The European Bank for Reconstruction and Development (EBRD) expects the Turkish economy to grow 3 per cent in 2015 and 2.8 per cent in 2016, below the...

Mahmoud Bakeer speaks with despair about the night of the flash flood, when he screamed at his wife and five children to flee their home on Gaza's border with Egypt as the water rushed in. They made it to safety during the flooding last week, but a network of Palestinian tunnels running...