Saudi Economic Shake-up Shows It is Planning for Cheap Oil

By Rania El Gamal DUBAI, Dec 29 – Saudi Arabia’s planned cuts in spending and energy subsidies signal that the world’s largest crude exporter is bracing for a prolonged period of low oil prices. The OPEC heavyweight shows no signs of wavering in the long-term oil strategy it has orchestrated since last year. Instead, it

[ Read More ]

Russia’s President Putin Signs Turkey Sanctions Decree

By Andrew Osborn and Polina Devitt MOSCOW, Nov 28 – President Vladimir Putin signed a decree imposing a raft of punitive economic sanctions against Turkey on Saturday, underlining the depth of the Kremlin’s anger towards Ankara four days after Turkey shot down a Russian warplane. The decree, which entered into force immediately, said charter flights

[ Read More ]

Tusiad Business Group Calls on Turkey’s Gov’t to Reform

ISTANBUL, Nov 2 (Reuters) Turkey’s largest business group Tusiad said on Monday the ruling AK Party should quickly implement political reforms after it won a strong parliamentary majority in an election on Sunday. The government should also strengthen the European Union accession process, expand freedoms and democracy and end social polarization, Tusiad said in an

[ Read More ]