Turkey's Petroleum Pipeline Corporation (BOTAS) and Qatar's national oil company signed a memorandum of understanding for long-term liquified natural gas (LNG) provision on Wednesday. According to Turkey's Energy and Natural Resources Ministry, the agreement calls for regular supply of LNG by...

Tunisia's 3,000-year history of olive farming is under threat with warnings that production is at risk of halving by 2030 because of the extremes of climate change, from floods to droughts. "Before it used to rain regularly and the harvest was good. Today, everything is...

The United States imposed sanctions Wednesday on supporters of Syrian President Bashar al-Assad's government, including a middleman it alleged buys oil for the regime from the Islamic State group. "The Syrian government is responsible for widespread brutality and violence against...

n">U.S. stocks forfeited gains on Tuesday after a soccer match between Germany and the Netherlands was called off over fears of a bombing. All three major U.S. indexes had ventured into positive territory following upbeat earnings reports from Wal-Mart ( WMT.N ) and Home...

  (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...

Saudi Arabia will raise the price of water for non-residential consumers, local media reported, a sign the government is cutting back an expensive system of subsidies as low oil prices strain its finances. The rate for industrial, government or large corporate users will rise to 9 riyals...

ISIS rakes in up to $50 million a month from selling crude from oilfields under its control in Iraq and Syria, part of a well-run industry that U.S. diplomacy and airstrikes have so far failed to shut down, according to Iraqi intelligence and U.S. officials. Oil sales - the extremists' largest...

(Reporting by Mohamed Al Hussein; Translation by Yusra Ahmed) Cotton production in the northeastern province of Hasaka has severely declined this year affected by almost five-year-old conflict that combined with lack of insecticides and fertilizers besides decrease in the planted land amid the...

U.S. officials have asked Toyota how ISIS has managed to acquire a large number of SUVs and pick-up trucks spotted in the terror group’s propaganda videos, ABC News reported Tuesday. Videos released by the terror group in the past year show gunmen patrolling streets in Syria in older and newer...

Kurdistan reasserted its right to export oil independently to the United States and other countries on Tuesday despite a court ruling in favor of the Iraqi federal government, which has sought to block crude sales from the autonomous region. The U.S. Court of Appeals for the Fifth Circuit...

 Central bank Governor Chadli Ayari said Tunisia may sell U.S.-backed bonds this year to shore up public finances as militant attacks take a toll on the country. The U.S. has agreed “in principle” to guarantee the bonds, Ayari said in an interview in Cairo. Ayari added that he doesn’t...

Crude oil prices fell on Friday as a stronger dollar, Saudi Arabia's dismissal of a producer summit and a lower price forecast by Goldman Sachs weighed, with prices headed for a weekly loss despite rallying in the previous session. October Brent, the global oil benchmark,...

ISIS militants have got their hands on Syrian cotton production, worrying manufacturers even though there appears little risk for now that ISIS-linked clothes could end up on the catwalk or in your closet. After seizing oil and grain fields to fund their offensive, ISIS militants have also...

  Aleppo's Sharia Court, the higher judiciary body in rebel-held areas in the northern city, said on Monday all commercial and financial transactions will be in Turkish Lira instead of Syrian Pound by September 5, a move may undermine the value of Syrian (Lira) and to record a new setback...

Translation by Yusra Ahmed (Zaman Al Wasl)- The Qatari initiative to support and assist the Syrian farmers by offering $15 million to the National Coalition to facilitate buying the Syrian wheat, unveil the greediness and irresponsibility toward the farmers and many workers with the...

U.S. crude rose 6 percent on Friday, notching its first weekly gain in two months, after a rally in gasoline from refinery outages and concerns about strife in Yemen fed a second frenzied day of short-covering in oil. Market players also kept an eye on a storm that appeared to be...

n">Wall Street opened lower on Friday, suggesting investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market's worst day in four years and biggest two-day gain since the financial crisis. Even so, the three...