Bahrain on Wednesday announced its newly discovered shale oil reserve was estimated at more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market. The size of recoverable oil -- or oil that can be extracted -- is still under study, Oil...

The Cyprus government deposited Tuesday 2.5 billion euros ($3.1 billion) into the island-nation's troubled Cooperative Bank in an attempt to dispel any uncertainty over its future. Government Spokesman Prodromos Prodromou said he hoped the deposit, mainly in the form of a bond issue,...

Turkey's exports in March totaled $15.5 billion, an 8.01 percent rise compared with the same month in 2017, according to provisional data of the Ministry of Customs and Trade on Monday. The imports climbed 12.77 percent to over $21.4 billion, amounting to a foreign trade deficit of...

Iraq exported 3.453 million barrels per day (bpd) of crude oil from its southern ports in March, slightly above the February average, the oil ministry said Sunday. Iraq's exports from the ports, managed by the central government in Baghdad, averaged 3.426 million bpd in February, down...

Business leaders from Muslim nations will gather in the Tunisian capital on Sunday to review last year's performance by the Islamic Development Bank (IDB), and discuss and approve its development agenda for the year ahead. Representatives of 57 member states, senior government officials...

The Chinese government will spend 1.875 billion yuan ($298.92 million) to improve irrigation systems in the heavily ethnic Uighur southern part of the violence-prone far western region of Xinjiang, state news agency Xinhua said on Saturday. The government has increasingly turned its...

Turkey will take steps to ease the establishment of investment banks in the country, Deputy Prime Minister Mehmet Simsek said late Thursday. "Now, we will take a further step and make the establishment of investment banks in Turkey easier," Simsek said at an award ceremony in Istanbul....

Turkey welcomed 3 million foreign visitors in the first two months of 2018, the Culture and Tourism Ministry said on Friday. Three million foreign nationals visited Turkey in January and February, up 35 percent from same months in 2017, the ministry said in a statement. Iran...

The Trump administration says a revamped deal with South Korea will give U.S. carmakers more access to the country and will provide protection from competition. Senior administration officials told The Associated Press Tuesday that the United States reached an agreement to overhaul the...

SoftBank Group Corp's Vision Fund will invest in creating the world's biggest solar power project in Saudi Arabia, it said on Tuesday, stepping up its involvement in the kingdom and expanding beyond technology. The project is expected to have the capacity to produce up to 200 gigawatts...

China stocks fell on Wednesday, tracking losses on Wall Street where tech firms were hit hard on concerns over tighter government scrutiny on the industry. At the close, the Shanghai Composite index was down 1.4 percent at 3,122.29, while the blue-chip CSI300 index close down 1.8...

Unions at South Korea's two-largest automakers, Hyundai Motor and Kia Motors, say plans to revise a free trade deal with the United States involve concessions that will prevent local automakers from entering the fast-growing U.S. pick-up truck market. Hyundai's labor union said Tuesday that...

BEIJING (Reuters) - China’s opening up is self-initiated and will not be forced by pressure from other countries, the country’s commerce ministry said on Sunday on its official Wechat account. Zhong Shan, the head of the ministry of commerce, made the comments during a meeting...

The U.S. plan to impose tariffs on Chinese imports and China's planned reciprocal tariffs would have a limited effect on Moody's rated Chinese companies, said the ratings agency on Friday. The impact on Moody's rated Chinese firms would be manageable, as most of them rely heavily on...

Air France crew went on strike Friday, forcing the cancellation of about a quarter of the airline's flights as unions discussed further protests against reformist President Emmanuel Macron. Pilots, cabin crew and ground staff joined the strike at Air France to push for a 6.0-percent...

U.S. stocks are mixed Tuesday as energy companies climb with oil prices and banks move up along with interest rates. Facebook is dropping again following reports the Federal Trade Commission will investigate its handling of user data and Oracle is plunging after releasing disappointing results...

China targets to create over 13 million jobs in 2018, Chinese Premier Li Keqiang said on Tuesday. According to the country’s official Xinhua news agency, Li said the minimal target was 11 million, but the Chinese government will work hard to reach the aim. More than 66 million...

Confidence among investors in Europe's largest economy Germany plunged in March, with a monthly barometer from the ZEW institute dropping to 5.1 points - its lowest level in 18 months. "Fear of a global trade conflict caused by the USA is causing the experts to look more cautiously into...

NEW YORK (AFP) -  Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure and altering the global petroleum market. Now pumping more than 10 million barrels per day, the US has become the second...

WASHINGTON (AFP) -  The Federal Reserve this week will fire the opening salvo in a series of interest rate hikes this year, hoping to get out in front of an expected pickup in inflation. The first rate hike of the year is overwhelmingly predicted by futures markets, analysts and...