The number of tourists who visited Egypt in the first half of 2012 increased by 26.8 percent compared to the same period last year, Minister of Tourism Mounir Fakhry Abdel Nour, Egyptian media reported on Friday. The number of tourists this year has passed 5. 6 million, according to the minister.... More
Obscure private firms are offering Iranian crude oil at steep discounts to European oil traders as Tehran seeks ways to restore oil export flows hit by Western sanctions. Traders who buy crude for European refineries say they are getting daily calls offering Iranian crude, sometimes accompanied b... More
Turkish airline company Atlasjet launched flights between Turkish Republic of Northern Cyprus (TRNC) and Beirut, Lebanon via southern province of Adana as of July 3. The flights are being held on Tuesdays and Fridays. TRNC Tourism, Environment and Culture Minister Unal Ustel said that these flight... More
Whereas the cosmetics market is witnessing an unprecedented boom across the globe, Gulf nations, particularly Saudi Arabia, are home to the world’s highest consumption rates. Saudi Arabia ranks first among Gulf nations in consumption of skin and hair care products, according to a study cond... More
The United States lost the bulk of its appeal against a World Trade Organization ruling on meat labeling on Friday, meaning it may have to stop requiring retailers to display the country of origin on the meat they sell. The WTO Appellate Body said the U.S. country-of-origin labeling rules, commonly... More
Japanese trading house Mitsubishi Corp has renewed its annual oil purchase deal with Iran but cut the loading volume to comply with U.S. sanctions against the Islamic nation, trade sources said on Friday. As Western nations tighten curbs in their bid to curtail Tehran’s disputed nuclear pro... More
The case involved Chinese duties on potentially hundreds of millions of dollars of "grain-oriented flat-rolled electrical steel", a specialty steel product made by AK Steel Corp of Ohio and ATI Allegheny Ludlum of Pennsylvania. World Bulletin/News Desk A World Trade Organiz... More
A former Iranian negotiator on Friday dismissed as "diamonds for peanuts" a proposal by world powers that Tehran halt higher-grade uranium enrichment and close an underground nuclear site in exchange for reactor fuel and civil aviation parts. Hossein Mousavian, now a visiting scholar at P... More
A World Trade Organization panel on Friday handed the United States a victory in a case against Chinese imports duties on a specialty steel product primarily made in two presidential battleground states, Ohio and Pennsylvania."With respect to each of the 11 programmes at issue, the panel conclu... More
The Italian government has announced urgent measures worth 80 billion euro ($100 billion) to spur economic growth and lower debt as financial markets increasingly worry about the country's finances. Premier Mario Monti's Cabinet passed the wide-ranging measures Friday. They include the sale... More
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Co-operative Energy, a 2011 newcomer to the UK ene... More
The incoming chief of Japan's Sony Corp will face ... More
Thailand's government will seek cabinet approval n... More
HSBC, Europe’s biggest lender, is signific... More
British Prime Minister David Cameron begins a thre... More
Saudi Arabia has pledged $25 million to a World Ba... More
Iran’s rial plunged at least 9 percent to a ... More
Crude prices rose in Asia Tuesday after the United... More