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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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Wall St. gains on earnings; Internet stocks lead

Wall St. gains on earnings; Internet stocks lead

U.S. stocks rose on Tuesday, with both the S&P 500 and Nasdaq on track for a sixth straight day of gains as a number of bellwether companies reported strong results. Netflix Inc ( NFLX.O ) surged 7.1 percent to $373.13 a day after results showed strong subscriber...

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Asian stocks subdued on Ukraine caution, dollar firms vs. yen

Asian stocks subdued on Ukraine caution, dollar firms vs. yen

Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent. Japan's...

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Syria raises gasoline price to ease subsidy burden

Syria raises gasoline price to ease subsidy burden

Damascus- Indo Asian News Service: Syria has raised the price of gasoline by 20 percent as part of government-guided austerity measures to cut costly subsidies, the fifth increase in three years. The Ministry of Trade and Consumer Protection announced Wednesday that the price of one...

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Iran says oil barter deal with Russia very hard to seal

Iran says oil barter deal with Russia very hard to seal

Iran and Russia will find it hard to agree any oil or gas trade deal because they are rivals in both markets , Iran's deputy oil minister for international trade said on Monday. Iran and Russia have been discussing various ways of increasing bilateral trade,...

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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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France counts costs of protests, new measures: $11B      Israel: 3rd Hezbollah tunnel found on Lebanon border      250,000 Syrian refugees could return home next year: UNHCR      People suffer bread shortage in regime-held Deir Ezzor      Child malnutrition worsened in insurgency-hit Nigeria      Iran says it recently tested a ballistic missile      Huawei exec remains behind bars in Canada      Theresa May to visit Germany for crisis Brexit talks