$2.8mn study to develop Nile sub-basin: Ethiopian official

An Ethiopian official said Saturday that a $2.6 million study has been launched to develop the Baro-Akobo-Sobat sub-basin, which stretches across Ethiopia and South...

Russia now world leader in nuclear technology: Experts

Russian nuclear energy production is more efficient, Russia is leading in fast neutron reactor technology, and offers a cheaper cost, according to experts. Russia has...

ZALIHA CANADA-TSX grows as a bank, outdoor miners

The Canadian stock index is growing steadily on Thursday, as profits from strong bank reserves have shifted US gold and gold mines from other...

Tanzania unveils $22-billion budget

It promised to cut dependence on foreign assistance currently standing at nearly 15 percent ARUSHA, Tanzania – The Tanzanian government on Thursday announced a national...

Greece: Turkish Airlines lauded as ‘most important airline’

Turkish carrier presented with award for better connecting Greece to other nations. ATHENS  - Turkish Airlines has been awarded the Active Greece Awards 2015 prize for being the...

Export growth of Japan indicates that economic recovery will continue in the fourth quarter

The growth of Japan’s export held steady in October, suggesting that sustained demand for cars and electronics that are made in Japan would most...

Istanbul Gold Exchange down

Istanbul Gold Exchange index loses in value Monday Nov. 23, 2015 ISTANBUL - The Istanbul Gold Exchange index loses in value Monday Nov. 23, 2015, with gold trading at 98,500 Turkish liras per kilogram. The trading...

Japan gives Iran $490 million of its frozen assets

Iran receives fifth installment of assets blocked in Japan over its nuclear program. Iran has received $490 million from Japan - the fifth installment of its...

Turkey: Current account deficit widens to $3.2bn

Central Bank says February deficit was narrower than that for the same period last year. ANKARA - Turkey's current account deficit stood at $3.196 billion in February...

Kuwait fund to lend Egypt $1.5bn over 5 years

Kuwait's development fund will provide Egypt with $1.5 billion in loans over the next five years, the head of the fund said Tuesday. KUWAIT CITY ...

Turkey’s nuclear waste to be re-processed in Russia

Nuclear waste from Turkey's 1st nuclear plant, Akkuyu, will be taken to Russia to be re-used, says head of Russian Rosatom ANKARA (AA) - Russia...
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Arab bank union mulls reconstruction in 4 Arab countries

The Union of Arab Banks (UAB) is mulling a plan to finance reconstruction activities in four war-torn Arab states – namely, Syria, Iraq, Yemen...

Turkish truckers find alternative routes through Iran, Egypt

Route through Iran halves costs, expert says. Turkish logistics companies will use the trans-Iran route instead of crossing through Egypt on their way to the...

IMF notes signs of Russia’s economic stabilization

Russian economy forecast to contract by minus 3.8 percent in 2015, improving to minus 0.6 percent in 2016, International Monetary Fund says ANKARA - There...

Obama seeks foreign investment as US economy grows

"America is proudly open for business," the American president said. WASHINGTON (AA) - President Barack Obama appealed to more than 2,600 investors and business executives Monday...

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