Government protests and athletes' drug violations could imperil Turkey's bid for the 2020 Olympic Games.
Middle East
Syria withdraws second tender offer to purchase white sugar
The Syrian government cancelled its tender to buy white 276,000 tonnes of white sugar two times after receiving only one offer from international traders.
Haj pilgrims and airlines meet new guidelines for travel to Saudi Arabia
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
Gulf markets hunker down as threat of military action against Syria becomes imminent
Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.
Warba Bank shares now allowed for trading in the stock market
After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.
Latest News
China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.
Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.
For a Round-A venture capital investment, Vodafone Ventures Egypt would be taking a 22.22% stake in online pharmacy Agzakhana.com.
Mergers and acquisition in the Middle East would be driven by regional transactions and sovereign wealth funds, aaccording to Barclays Vice Chairman of Investment Banking Makram Azar.
Israeli startup and mobilie add-on Brow.si had raised USD1 million and started partnership with PrestaShop.
IILM Corp's debut sukuk was oversubscribed according to reports. The International Islamic Liquidity Management Corp, which is based out of Malaysia, announced on Monday that it had auctioned USD490 milion in sukuk bonds.
SABB, which is partially owned by HSBC, has been busy preparing for a sukuk bond issue by year's end.
The Iraqi oil minister said ExxonMobil would sell portions of its stakes to PetroChina and Pertamina.
State-owned PetroChina Company Ltd said it was discussing with relevant parties about developing the West Qurna oilfield in Iraq.
