British Consul General to Istanbul Judith Slater says progress made in 9th round of talks on post-Brexit trade deal Turkey and the UK are one step closer to a free trade agreement after a new round of technical talks, Britain’s consul general to Istanbul said Wednesday. “Further progress made on draft UK-Turkey Free Trade Agreement

In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop in Bangkok, Thailand. The price of gold surged more than $30 on Monday, July 27, 2020 to over $1,926 per ounce as investors step up buying of the precious metal often sought in times of

© Provided by The Financial Times Ryanair’s profits plummeted in its most recent quarter, as the coronavirus pandemic forced airlines to ground their fleets and caused passenger numbers and revenues to slump. The budget carrier’s first-quarter results released on Monday showed a net loss of €185m in the first quarter of this fiscal year, compared

An apartment block in Kileleshwa, Nairobi. At one point, Kenya’s city residents may have probably sung along to ‘The Jeffersons’ theme song ‘Movin on up, to the deluxe apartment up in the sky, having finally gotten a piece of the pie.’ But as Covid-19 eats into incomes, a majority of those who were paying high

By Viktor Katona Somalia’s government has announced that it would hold its first-ever offshore licensing round this August, marking the starting point of Africa’s perhaps most adventurous oil frontiers. Still recovering from the disastrous consequences of the Civil War, Somalia currently produces no oil whatsoever and has no exploratory activity taking place. This does not

A new economic forecast of Arab economies by the United Nations has painted a gloomy picture of the region. The spread of the coronavirus pandemic is expected to exact a heavy toll causing economies to contract by 5.7 per cent and the loss of some $152 billion. The forecast for some Arab countries is gloomier

Turkey has overtaken Russia to become the world’s largest purchaser of gold due to concerns about ties with the United States and access to dollar settlements, the Nikkei Asian Review reported on Tuesday. The country roughly tripled its gold buying to 148 tonnes between January and May, while Russia reduced its purchases by 60 percent

German Chancellor Angela Merkel, right, speaks with French President Emmanuel Macron, center, during a round table meeting at an EU summit in Brussels, Monday, July 20, 2020. Weary European Union leaders are expressing cautious optimism that a deal is in sight on their fourth day of wrangling over an unprecedented budget and coronavirus recovery fund.

from left, Dutch Prime Minister Mark Rutte, Austria’s Chancellor Sebastian Kurz, Finland’s Prime Minister Sanna Marin, Sweden’s Prime Minister Stefan Lofven and Denmark’s Prime Minister Mette Frederiksen meet on the sidelines of an EU summit at the European Council building in Brussels, Sunday, July 19, 2020. Leaders from 27 European Union nations meet face-to-face for

A gas flame is seen in the desert near the Khurais oilfield, Riyadh, Saudi Arabia on 27 September 2016 [REUTERS/Ali Jarekji/File Photo] Saudi Arabia’s exports of crude oil and petroleum products fell 41.2 per cent in May month on month, the Joint Organisations Data Initiative (JODI) revealed yesterday. According to JODI, Saudi Arabia exported 6.020