Turkish watchdog to revise Islamic banking regulations

Head of Banking Regulation and Supervision Agency says there is need to change rules governing 'participation banks'ANKARA - The head of Turkey’s banking watchdog...

Amazon employment boom sparked by customer demand

Amazon started about 1,000 jobs in its Charleston and Chattanooga, Tennessee, Wednesday's Distribution Centres as the largest internet marketer in the world spreading its...

Turkish air passenger traffic up 18.3 pct in February

This February domestic passengers numbered 7.56 million, and international passengers 4.13 millionANKARA - The number of passengers taking domestic flights in Turkey grew...

Global oil supply declines in May

-Global oil supply declines by 155,000 barrels per day to 96 million barrels per day, says International Energy Agency's latest report.ANKARA - Global...

Ethiopia eyes untapped geothermal energy potential

Country is using less than 1 percent of its total potential for geothermal power, energy official saysADDIS ABABA, Ethiopia – An Ethiopian official...

Turkey: Industrial production up 3.8 pct year-on-year

Output remains unchanged in April from March; durable consumer goods see largest increaseANKARA – New data has revealed that Turkish industrial production rose...

Brent oil falls 2.6 percent after Iran nuclear deal

Iran may now raise oil exports and productionANKARA – Brent crude oil prices fell 2.6 percent Tuesday as Iran and the P5+1 group...

KRG oil exports via Turkey rises 31% in September

Erbil's crude oil exports rose to 620,000 bpd in September, from 473,000 bpd in August: KRG's natural resources ministry By Ovunc Kutlu ANKARA - The Kurdish Regional Government's...

House sales slip in January in Turkey: TurkStat report

House sales went down 1.9 percent year-on-year in January after three-month long rally, official data showsANKARA - House sales in Turkey have slipped...

Turkish lira plunges to new low as coalition talks fail

Failure by Turkey's AK Party's and the Nationalist Movement Party (MHP) to strike deal sees Turkish lira slumpANKARA - The Turkish lira has hit...

Turkey: Banking sector profits rise by 8 pct to $4bn

Turkish banking sector's assets increased by $68 billion in the first five months of the year ANKARA - Banking sector profit in Turkey increased by 8...

Halal food industry ‘increases’ in Russia

- Russian Muslim leader says halal sector has been increasing year by year MOSCOW - The market for halal products and services in Russia has...

Iraqi Kurds united over oil sales gripe with Baghdad

Kurdish regional government rallies support of parliament on Erbil's right to sell own oil unless Baghdad keeps budget share promiseERBIL, Iraq - The Iraqi...

Greece: Parliament passes bill on bank recapitalization

Four largest banks will receive about 14 billion euros in loansby Vasiliki MitsiniotouATHENS - Greece's parliament on late Saturday evening approved legislation implementing the recapitalization...

Uganda: Turkish group invests $600mln in economic zone

Project to generate $4 billion in exports, Turkish ambassador to Uganda saysBy Halima AthumaniKAMPALA, Uganda - The Ugandan government has made its first...

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