Economy

A money changer counts Turkish lira banknotes at an currency exchange office in central Istanbul, Turkey On paper at least, 79 million Turks got a near 20 per cent boost …

The Israeli partners in the Leviathan gas field said on Dec. 12 they approved a development plan for the field with a target production date for the end of 2019. …

AP photo Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Dec. 11 and was said to be close to another for dozens of Airbus planes to …

Tunisia”s Prime Minister Youssef Chahed Tunisia’s parliament on Saturday approved a 32.7 billion dinar ($14.1 billion) budget for next year, including deficit cutting measures that had been watered down under …

Russia said late on Dec. 7 it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar and commodities trader Glencore, confounding expectations that the …

AP photo Iran plans to revalue its rial tenfold and revert to the currency’s old name, the toman, according to a bill approved on Dec. 7 by President Hassan Rouhani’s …

China’s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose …

Zambia’s Finance Minister Felix Mutati Zambia plans to refinance Eurobonds totalling around $2.8 billion that it issued between 2012 and 2015, Finance Minister Felix Mutati said on Wednesday. “The strategy …

REUTERS photo The IMF on Dec. 5 announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight …

Chinese telecom and mobile equipment group ZTE Corp. has agreed to buy 48.04 percent of Turkish systems integration provider Netaş Telekomunikasyon A.Ş. (NETAŞ) for 358 million Turkish Liras ($101.3 million) …