"Any rice?" says the woman, leaning into a shop in Cairo and brandishing a green smartcard that carries her family's food credits. The shopkeeper shakes his head: "Only sugar." Behind him, more than half the shelves are empty. Rice and cooking oil are nowhere to be seen. Tens...

Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production. The Saudi, Russian, Qatari and...

Translation by Yusra Ahmed (Eqtsad)- The Syrian rural areas, especially rural Damascus, have lost its characteristics and started to lose its three distinctive features: people, trees and buildings after 5 years of devastating war waged by the regime and regional allies. Comparing between the...

Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half-a-billion barrels and as Iran plans to boost exports from March. Brent for April delivery had dropped 9 cents to $32.63 a barrel as of 0707 GMT,...

Iraq has signed a $328 million deal with U.S. company General Electric that will boost power output during peak summer months, officials said Friday, although it falls far short of the country's needs. The deal will make only a small dent in the country's major summer production shortfall,...

France and Iran heralded a series of major deals thought to be worth billions of dollars on Thursday as the two countries resealed trade ties following the lifting of sanctions against Tehran. Iranian President Hassan Rouhani, visiting Paris as part of a tour that saw him stop in Rome earlier...

Crude oil futures fell around 1 percent in Asian trading on Thursday, eroding gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply. But falls were curbed by a weaker dollar following the...

Oil prices rebounded on Tuesday, supported by strong Chinese fuel consumption and at least interrupting a slide to 2003 levels earlier in the week after the return of Iran to markets added to an already huge supply overhang. Traders said prices were supported by strong oil data from...

Iran will receive $32 billion of unfrozen assets after the lifting of sanctions as part of a deal with world powers over its nuclear program, Iranian central bank chief Valiollah Seif said Tuesday. Seif was quoted by state television as saying that $28 billion (25.8 billion euros) would go to...

Translation by Yusra Ahmed (Zaman Al Wasl- Eqtsad)- Syrian businessmen even the loyalists to the regime are not protected from being chased by the Syrian intelligence, as was shown via the archive of 1.7 million of the Syrian intelligence Zaman Al Wasl obtains. Eqtsad will publish more...

An explosion hit a major oil pipeline south of the Libyan terminal of Ras Lanouf overnight between Wednesday and Thursday, a spokesman for the Libya's National Oil Corp said. Mohamed al-Harari said it was not clear what had caused the explosion at the pipeline, which has been closed for...

Yemen's ISIS-linked militants say they have killed a senior security officer in the southern port city of Aden. The militants on Monday said in an online statement that they killed Col. Ali Saleh al-Yafie and posted photographs purported to show the killing in Aden's Mansoura neighborhood....

Franco-Dutch airline group Air France-KLM said Monday that the November 13 terror attacks in Paris reduced its December turnover by an estimated 70 million euros ($76.42 million). But the effect had largely tailed off over the past two weeks, it added. "The negative impact of the Paris...

Relations between Iran and Saudi Arabia deteriorated even further on Thursday as Tehran severed all commercial ties with Riyadh and accused Saudi jets of attacking its embassy in Yemen's capital. A row has been raging for days between Shi'ite Muslim power Iran and the conservative Sunni...

Translation by Yusra Ahmed (Zaman Al Wasl- Eqtsad)- The Turkish government offers huge area of agricultural land for investment and provides benefits and donations to investors as well. Eqtsad, Fellow Zaman Al Wasl's newspaper,  has interviewed Tammam Baroudi Vice-President of the...

Translation by Yusra Ahmed (Zaman Al Wasl- Eqtsad)- It is not the first time for the Syrian young man Ayham to lsoe his jon in Gaziantep, but it is the hardest, because it has coincided with the end of the year time, when most companies and business firms sammarise their annual account and...

(The Financial Times)- ISIS may be claiming to wage a holy war for Islam but the self-declared caliphate is as vulnerable to the region's deep-seated corruption as the secular Iraqi and Syrian regimes it displaced. Evidence from its former...

Islamic State is looking at potentially vulnerable oil assets in Libya and elsewhere outside its Syria stronghold, where the militant group controls about roughly 80 percent of the oil and gas fields, a senior U.S. official said on Tuesday. The official, who briefed reporters...

(Translation by Yusra Ahmed) ( Zaman Al Wasl- Eqtsad) - When we talk about Arabic media tycoons we recall the name of Al-Waleed bin Talal, Saleh Kamel and Naguib Sawiris, and others, but in Syria, the Ministry of information have enabled certain people to control the media industry and...

Tensions with Russia could cost Turkey's economy nine billion dollars in the worst case scenario of "zero relations", Turkish Deputy Prime Minister said Monday. Moscow has imposed a series of economic sanctions against Ankara after Turkish fighter jets shot down a Russian jet on the Syrian...