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Falling Pound a Boon for British Tourism

On a sunny afternoon near Big Ben, two weeks since Britain's historic decision to leave the European Union, little has changed for visitors to the capital London except that their visits are now cheaper.

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IMF Sets $5.3 Billion Program for Iraq

The IMF announced a $5.34 billion program for Iraq on Thursday to help strengthen the country's finances, hit by the crash in oil prices and the fight against the Islamic State group.

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Electricity-Starved Gazans Turn to Sun for Help

Nahed Abu Assi's farm has been bombed in each of the three Gaza wars since 2008 and like in the rest of the Palestinian enclave, he receives only a paltry amount of electricity each day.

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Pound, Stocks Dive as Brexit Fans Safety Flight

The pound dove to a 31-year low under $1.28, bond yields were squeezed and equities hammered as the growing shadow of the Brexit vote over the global economy sent traders fleeing to safety.

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Odd Jobs in Istanbul for Young Syrians who Dreamed Big

Receptionist, waiter, hairdresser, pastry-seller: these are the jobs of the ambitious young Syrians who abandoned their dreams in Damascus to start from scratch in Istanbul.

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EU Says British Tax-Cut Plan Not a Good Idea

The European Union's top economic official on Tuesday criticized a British proposal to slash corporate tax to less than 15 percent following the nation's vote to quit the bloc.

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Istanbul Nearly a Ghost Town as Tourists Stay Away

The tourists are so scarce you can hear their footsteps clattering down the empty shopping street. Nearly a week after the deadly airport bombings, it is eerily quiet in Istanbul.

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Venezuela's 2015 Oil Revenues Plunge 40 Percent

Venezuela's oil revenues plummeted 40.7 percent in 2015 due to sinking global oil prices, the country's state-owned PDVSA said in its annual report released Sunday.

PDVSA -- the world's fifth-largest oil company -- earned $72.2 billion in revenues last year, a sharp drop from 2014's $121.9 billion.

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Report: Britain Plans to Cut Corporate Tax to under 15%

British finance minister George Osborne plans to slash corporation tax to under 15 percent to tempt businesses to stay following the country's shock vote to leave the European Union, the Financial Times reported Sunday.

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Two Abu Dhabi Banks to Merge to Become Largest MENA Lender

Two Abu Dhabi-based banks have agreed to merge to create the single largest lender in the Middle East and North Africa, a statement said on Sunday.

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