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....

(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....

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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