President Recep Tayyip Erdogan on Tuesday opened the first ever road tunnel underneath the Bosphorus Strait in Istanbul, the latest project in his plan of transforming Turkey's infrastructure.

Three Qatari banks announced Tuesday that they are in merger talks to create a financial institution with assets of more than $44 billion.

A Greek parliament vote on a special tax allowance for Aegean islands struggling to accommodate thousands of migrants has been pushed to Wednesday, the chamber said.

The vote scheduled to be held late on Monday will be held on Wednesday evening after an opposition party called for a show of hands on the bill.

German businesses rounded off 2016 with a stronger-than-forecast increase in confidence, a closely-followed survey showed Monday, despite fears for the future over Brexit and Donald Trump.

Etihad Airways has begun cutting jobs in a restructuring process to reduce cost as it faces tough competition and a weakened global economy, the Emirati carrier said on Monday.

Ukrainian President Petro Poroshenko urged people not to panic Monday after his government nationalized the country's largest private bank to try and avoid a financial meltdown.

Australia avoided a feared downgrade of its coveted AAA credit rating Monday after sticking to its ambition of returning the budget to surplus in 2020-21 despite softer growth forecasts.

Austerity-wracked Greece could strike a deal with its creditors by early next year, a senior EU official said Sunday, seeking to calm a recent row over surprise handouts announced by Athens.

With protests rocking his unpopular government, embattled President Nicolas Maduro delayed until January 2 taking Venezuela's highest denomination bill out of circulation.

The 100 bolivar bills would temporarily remain legal tender, Maduro said Saturday, but the borders with Colombia and Brazil will remain closed to hit what he claims are "mafias" hoarding Venezuelan cash abroad in a U.S.-backed plot to destabilize the country.

Saudi Arabia's largest telecommunications firm STC plans to buy a 10 percent stake in car booking firm Careem, the company said on Sunday.