(Reuters) - Saudi Oil Minister Ali al-Naimi is making his first visits in years to fellow exporters Venezuela and Mexico , although tumbling oil prices are not the stated purpose of the trip, according to officials and sources. Naimi will attend a long-planned climate change...

DAMASCUS, Syria (AP) — The middle-aged salesman sat glumly among an array of shorts, khaki leisure suits bedecked with gold belts and dresses with plunging necklines in the ancient Damascus bazaar — luxuries few can afford in today's Syria. He, like many traders, lost most of his...

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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Brazil’s rate of annualized inflation reached 6.75 percent in September, breaching the upper ceiling of the inflation target, the official of national statistics said Wednesday. The IBGE said the Consumer Price Index accelerated from 0.25 percent to...

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n">(Reuters) - Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. Chief Executive Tim Cook said the company could have sold even more iPhone 6...

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Translation by Dani Murad (Zaman Al Wasl- Eqtsad)- Much has been written about the Islamic State of Iraq and Syria (ISIS) and why it’s considered one of the world’s richest terrorist groups, as in the previously published article by Eqtsad when the...

Senior economists admitted that International institutes and credit rating agencies have underestimated Turkey´s growth rate in their earlier reports, as they one by one upgraded growth forecasts for the country in their latest reports. At the beginning...

Twenty-five percent of the new companies started up in Turkey in the first seven months of this year were set up by Syrians or partnered by Syrians, according to data from the Union of Chambers and Commodity Exchanges of Turkey. According to the data, of the more than...

(Reuters) - Russia will increase exports of wheat to Egypt and imports of other agriculture products from it, Russian officials said on Tuesday as the two countries discussed the potential for free trade. The move comes as Russia seeks new sources of supply after it...

(Reuters) - Turkish companies are enjoying a rise in orders from Russia as their government eyes a lucrative long-term opportunity from Moscow's ban on imported Western foods. Mehmet Buyukeksi, head of the Turkish Exporters Assembly (TIM), said he expected a significant...

(Reuters) - The U.S. trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2-year low, suggesting that trade was less of a drag on second-quarter economic growth than initially thought. The Commerce Department said on Wednesday the trade gap...

n">(Reuters) - Bank shares are helping Wall Street on Monday after the previous week's fall, following a rescue deal for Portugal's largest listed lender and supported also by earnings from companies such as Berkshire Hathaway ( BRKb.N ). Berkshire shares are up 1 percent...

(Reuters) - Acting on a request from the central government in Iraq , a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan aboard a tanker off the Texas coast, court filings showed on Tuesday. The United Kalavrvta...

UNITED NATIONS (Reuters) - The U.N. Security Council expressed grave concern on Monday over reports that radical militants have seized oilfields and pipelines in Syria and Iraq and warned that anyone caught trading in oil from the "terrorist groups" could face sanctions. The...