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Chad PM calls for Turkish investment

Sunday, December 21, 2014 Bonds and Funds
The prime minister of Chad has called on Turkish firms to invest in the African nation, describing the country as a “virgin nation.” Kalzeubet Pahimi Deubet was speaking in Istanbul on Thursday as Turkey and Chad move to establish an economic council to advise on investing in the central African country. "Chad is…

Russian currency puts up flimsy fight against dollar, euro

Sunday, December 21, 2014 Money
The ruble's value fell against the dollar and euro to 61.29 and 75.91 respectively in midday trading today, despite the slight recovery seen early Thursday morning. The ruble made a modest rally against the dollar and the euro in early trading and the dollar fell to 58.3 rubles, while the euro fell slightly further to…

Opec oil revenues to fall by 46% in 2015

Sunday, December 21, 2014 Energy
The net oil export revenues of OPEC are expected to fall in 2015 due to falling oil prices and lower oil exports, said the U.S.' Energy Information Administration on Wednesday. The U.S. agency projects that the net oil export revenues of OPEC are to fall to $446 billion in 2015, which is 46 percent below the 2013…

US Fed takes ‘patient’ approach to interest rate hike

Sunday, December 21, 2014 Enterprise
Federal Reserve will keep interest rates near zero “for a considerable time,” but signaled Wednesday that it will raise interest rates some time next year. “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy,” the Fed said following a…

Turkish Petroleum Corporation to get $1.2 billion loan

Sunday, December 21, 2014 Expert Advice
Turkish Petroleum Pipeline Corporation will receive $1.2 billion from Turkey's Central Bank to meet its payments by the end of the year, Turkish Energy Minister Taner Yildiz said Wednesday. The Turkish Petroleum Pipeline Corporation will meet all payments with the grant, Yildiz said during a press conference after the…

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December 21, 2014

Chad PM calls for Turkish investment

The prime minister of Chad has called on Turkish firms to invest in the African nation, describing the country as a “virgin nation.” Kalzeubet Pahimi Deubet…
December 21, 2014

Russian currency puts up flimsy fight against dollar, euro

The ruble's value fell against the dollar and euro to 61.29 and 75.91 respectively in midday trading today, despite the slight recovery seen early Thursday…
December 21, 2014

Opec oil revenues to fall by 46% in 2015

The net oil export revenues of OPEC are expected to fall in 2015 due to falling oil prices and lower oil exports, said the U.S.' Energy Information…
December 21, 2014

US Fed takes ‘patient’ approach to interest rate hike

Federal Reserve will keep interest rates near zero “for a considerable time,” but signaled Wednesday that it will raise interest rates some time next year.…
December 21, 2014

Turkish Petroleum Corporation to get $1.2 billion loan

Turkish Petroleum Pipeline Corporation will receive $1.2 billion from Turkey's Central Bank to meet its payments by the end of the year, Turkish Energy…

Amid falling oil prices, Nigeria budgets $23.8bn for 2015

December 20, 2014 in Africa
Nigerian Finance Minister Ngozi Okonjo-Iweala on Wednesday unveiled before parliament a budget estimate of 4.3 trillion Nigerian naira (roughly $23.8 billion)…

Turkish Petroleum Corporation to get $1.2 billion loan

December 20, 2014 in Expert Advice
Petroleum Pipeline Corporation will receive $1.2 billion from Turkey's central bank to meet its payments by the end of the year, Turkish Energy Minister Taner…

European Parliament approves EU 2015 Budget

December 20, 2014 in Europe
The European Parliament on Wednesday approved the EU Budget for 2015, as presented by the European Commission. The budget was backed by 443 votes, with 250…

Low oil prices ease external pressures on Turkey: Fitch

December 20, 2014 in Enterprise
 The fall in oil prices will reduce external pressures onTurkey and India because it will hold down headline inflation, said International credit ratings…

Iran starts to export petrochemicals again

December 20, 2014 in Middle East
Iran prepares to resume exports of petrochemical products to Europe which were banned by U.S.-led sanctions in recent years, according to Shana, the Iran oil…

Turkish Airlines eyes UK expansion

December 19, 2014 in Enterprise
Turkish Airlines is to add four extra flights a week to Istanbul from Manchester Airport in the U.K. as a result of “greater demand for international travel…

Russia passes the buck to Turkey: Energy Charter head

December 19, 2014 in Expert Advice
The proposed 'Turkish Stream' is a way for Russia to sell its gas to Europe without being subject to EU rules asTurkey is not an EU member, according to…

Japan must make 'Abenomics' work

December 19, 2014 in Expert Advice
 Japanese Prime Minister Shinzo Abe led his party to a major, if expected, election victory on Sunday but now the creator of ‘Abenomics’ must put his economic…

Ancient holy road to now serve tourism

December 19, 2014 in Tourism
A 2,600-year-old ancient road located between the ancient city of Milet and the Temple of Apollo that was used to meet oracles during the Hellenistic era has…

Oil prices determined by financial markets

December 19, 2014 in Finance
Oil prices are determined by financial markets rather than the supply and demand equilibrium, experts said Tuesday. “The world’s daily oil production is 94.21…

Skepticism as Zimbabwe introduces local coins

December 18, 2014 in Money
Many Zimbabweans have voiced skepticism over the introduction of locally-minted coins – pegged to the U.S. dollar – raising fears that the southern African…

Drop in oil prices big advantage for Turkey: minister

December 18, 2014 in Expert Advice
Declining oil prices will have significant positive effects on Turkey’s current account deficit and inflation next year, Economy Minister Nihat Zeybekci said…

Turkish lira hits historic low against dollar

December 18, 2014 in Money
The Turkish lira dropped in value against the dollar on Tuesday, hitting a historic low of 2.40 per dollar. The move lower is on expectations that the Fed is…

Brent oil price falls below $60, lowest since July 2009

December 18, 2014 in Energy
 Oil prices took a sudden slump on Tuesday, reaching new record-low points in the last five years. The global benchmark Brent crude oil price dipped below $60…

Turkey’s Emlak Konut REIC aims $3 billion turnover in 2015

December 18, 2014 in Real Estate
Murat Kurum, General Manager of Emlak Konut REIC, the largest real estate investment company in Turkey, said that they expect the reach 10,000 units sales…

Chad PM calls for Turkish investment

Chad PM calls for Turkish investmentThe prime minister of Chad has called on Turkish firms to invest in the African nation, describing the country as a “virgin nation.”

Kalzeubet Pahimi Deubet was speaking in Istanbul on Thursday as Turkey and Chad move to establish an economic council to advise on investing in the central African country. 

"Chad is still a virgin country with many resources and opportunities," said... Add a comment

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Russian currency puts up flimsy fight against dollar, euro

Russian currency puts up flimsy fight against dollar, euroThe ruble's value fell against the dollar and euro to 61.29 and 75.91 respectively in midday trading today, despite the slight recovery seen early Thursday morning.  

The ruble made a modest rally against the dollar and the euro in early trading and the dollar fell to 58.3 rubles, while the euro fell slightly further to 71.9 rubles. 

The RTS index continues to grow, however, reaching... Add a comment

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Opec oil revenues to fall by 46% in 2015

Opec oil revenues to fall by 46% in 2015The net oil export revenues of OPEC are expected to fall in 2015 due to falling oil prices and lower oil exports, said the U.S.' Energy Information Administration on Wednesday. 

The U.S. agency projects that the net oil export revenues of OPEC are to fall to $446 billion in 2015, which is 46 percent below the 2013 level.

It is also estimated that OPEC members earned about $700 billion in... Add a comment

Read more...

US Fed takes ‘patient’ approach to interest rate hike

US Fed takes ‘patient’ approach to interest rate hikeFederal Reserve will keep interest rates near zero “for a considerable time,” but signaled Wednesday that it will raise interest rates some time next year.

“Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy,” the Fed said following a two-day meeting, stopping short of saying when it might raise... Add a comment

Read more...

Turkish Petroleum Corporation to get $1.2 billion loan

Turkish Petroleum Corporation to get $1.2 billion loanTurkish Petroleum Pipeline Corporation will receive $1.2 billion from Turkey's Central Bank to meet its payments by the end of the year, Turkish Energy Minister Taner Yildiz said Wednesday. 

The Turkish Petroleum Pipeline Corporation will meet all payments with the grant, Yildiz said during a press conference after the prelaunch of the third International Istanbul Smart Grids Congress and... Add a comment

Read more...

Amid falling oil prices, Nigeria budgets $23.8bn for 2015

Amid falling oil prices, Nigeria budgets $23.8bn for 2015Nigerian Finance Minister Ngozi Okonjo-Iweala on Wednesday unveiled before parliament a budget estimate of 4.3 trillion Nigerian naira (roughly $23.8 billion) for 2015 – nearly 400 billion naira short of the previous budget, reflecting the biting effects of the current drop in international crude oil prices.

Details of the budget, as laid out in a Medium Term Expenditure Framework and... Add a comment

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Turkish Petroleum Corporation to get $1.2 billion loan

Turkish Petroleum Corporation to get $1.2 billion loanPetroleum Pipeline Corporation will receive $1.2 billion from Turkey's central bank to meet its payments by the end of the year, Turkish Energy Minister Taner Yildiz said Wednesday. 

Petroleum Pipeline Corporation will make all payments with the grant, Yildiz said during a press conference in Ankara. 

"Russia is one of the countries that the corporation will make payments to, but it is... Add a comment

Read more...

European Parliament approves EU 2015 Budget

European Parliament approves EU 2015 BudgetThe European Parliament on Wednesday approved the EU Budget for 2015, as presented by the European Commission.

The budget was backed by 443 votes, with 250 voting against, and with 7 abstentions.

The €315 billion ($392.2 billion) investment plan presented by EU Commission chief Jean-Claude Juncker and his commission has been widely criticized, as only €21 billion ($26.1 billion) will... Add a comment

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Low oil prices ease external pressures on Turkey: Fitch

Low oil prices ease external pressures on Turkey: Fitch The fall in  oil prices will reduce external pressures onTurkey and India because it will hold down headline inflation, said International credit ratings agency Fitch on Tuesday.

"Lower oil prices will increase the pressure on developing countries’ credit rating. The prices will benefit consumption in developed markets, hold down headline inflation and ease external pressures in large... Add a comment

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Iran starts to export petrochemicals again

Iran starts to export petrochemicals againIran prepares to resume exports of petrochemical products to Europe which were banned by U.S.-led sanctions in recent years, according to Shana, the Iran oil ministry’s news service on Monday.

The Middle Eastern country will make a shipment of a consignment of linear low-density polyethylene to Belgium in week commencing Dec 22. The transfer, which measures 2,000 tons with a value of over... Add a comment

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