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Business

Turkey lifts veil on unemployment data, revealing bigger army of jobless

A new, broader set of labor statistics has exposed a big gap between Turkey’s official unemployment rate and the actual joblessness in the crisis-hit country.

Jordanian detainees look on through the window of a rehabilitation centre in Zarqa, 30 kilometres east of Amman, on July 11, 2018. (Photo by Khalil MAZRAAWI / AFP) (Photo credit should read KHALIL MAZRAAWI/AFP via Getty Images)

Rights group criticizes Jordan over debt imprisonment

Human Rights Watch has highlighted the plight of poor Jordanians imprisoned for failing to pay back loans taken out to meet basic needs.

Saudi female employees work at the customers service desk at a hypermarket, newly launched by the operator LuLu and run by a team of women, in the Saudi Arabian port city of Jeddah, on February 21, 2021. (Photo by Amer HILABI / AFP) (Photo by AMER HILABI/AFP via Getty Images)

COVID accelerates evolution of Gulf economies

The economic policy response to COVID-19 is an acceleration of specific trends already underway across the Gulf Cooperation Council members, variously affecting tax policy, labor market regulation and immigration policy.

Iran receives COVID-19 vaccine from Cuba

Iran enjoys warm relations with the Latin American state and the two countries are also developing a coronavirus vaccine together.

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Jordan reinstates partial lockdown as coronavirus deaths spike

A policeman holds a stop sign in an almost deserted avenue in the Jordanian capital Amman, during a lockdown due to the coronavirus panemic, on February 26, 2021. (Photo by Khalil MAZRAAWI / AFP) (Photo by KHALIL MAZRAAWI/AFP via Getty Images)

Israel-Egypt relations advance in baby steps

A Israeli police car is park in front of the Egyptian Embassy in the city of Tel Aviv on September 11, 2011, two days after Egyptian demonstrators went on the rampage in Cairo, breaking into the Israeli embassy and forcing the personnel to be evacuated. The trouble followed several weeks of protests outside the Israeli embassy in Cairo after 5 Egyptian border police were shot dead last month by the Israeli military during a search operation for militants who shot at an Israeli bus in Israel, close to their

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First court victory for opponents of Jerusalem cable car project

Former Halkbank executive resigns as head of Istanbul stock exchange

Grapfics and numbers of trade markets are screened on the floor of the Borsa Istanbul on May 22, 2018 in Istanbul. - Turkey's embattled currency, the Lira, on May 22 hit new historic lows against the US dollar after Fitch ratings agency expressed concerns over the central bank's independence in the wake of comments by President Recep Tayyip Erdogan. (Photo by OZAN KOSE / AFP) (Photo credit should read OZAN KOSE/AFP via Getty Images)

Hezbollah rejects Lebanese delegation at maritime border talks with Israel

Lebanon's two main Shiite parties said the negotiating team in the border talks shouldn't include civilians.

This picture taken on September 1, 2020 shows a view of the interior of a station of the Doha Metro in Qatar's capital, as the Gulf country resumes bus and rail services for the first time since March with reduced capacity due to the COVID-19 coronavirus pandemic. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Qatar extends mandatory travel quarantine through Dec. 31

Travelers from "low-risk countries" must quarantine for at least seven days upon arrival.

The Hellenic Navy Roussen or Super Vita class Fast Missile Patrol Boat P 71 HS Ritsos is seen off the tiny Greek island of Kastellorizo, officially Megisti, the most southeastern inhabited Greek island in the Dodecanese, situated two kilometers off the south coast of Turkey where the Kas Turkish resort can be seen on August 28, 2020. (Photo by Louisa GOULIAMAKI / AFP) (Photo by LOUISA GOULIAMAKI/AFP via Getty Images)

Intel: US condemns Turkey's decision to redeploy ship to Greek waters

The State Department called Ankara's plan to redeploy the Oruc Reis drilling ship a "calculated provocation."

A picture taken on June 3, 2020 shows an oil refinery in Libya's northern town of Ras Lanuf. - Libya's National Oil Company said Monday it had restarted production at Al-Fil oil field, closed since January by the forces of eastern military strongman Khalifa Haftar. The NOC's announcement came a day after output resumed at Al-Sharara oil field, the country's largest, following a string of victories against Haftar by forces backing Libya's Tripoli-based unity government. (Photo by - / AFP) (Photo by -/AFP via

Intel: Production allowed to resume at Libya’s largest oil field as talks progress

The Libyan National Oil Company has lifted its force majeure on the Sharara oil field as the warring sides edge closer to a cease-fire.

US President Donald Trump (R) with UAE Foreign Minister Abdullah bin Zayed Al-Nahyan (L), Bahrain Foreign Minister Abdullatif al-Zayani (2-L) and Israeli Prime Minister Benjamin Netanyahu (C) pose for pictures in the colonnade at the White House before the signing of the Abraham Accords where the countries of Bahrain and the United Arab Emirates recognize Israel, in Washington, DC, September 15, 2020. - Israeli Prime Minister Benjamin Netanyahu and the foreign ministers of Bahrain and the United Arab Emirat

Israel’s Cabinet ratifies Abraham Accords

Shortly before the Cabinet approved the normalization agreement with the United Arab Emirates, Prime Minister Benjamin Netanyahu and Crown Prince Mohammed bin Zayed Al Nahyan spoke over the phone and agreed to meet "soon."

United Arab Emirates

This picture taken on March 9, 2020 shows a view of the "A Sara" Nile cruise ship moored off the river bank of Egypt's southern city of Luxor, where 45 suspected COVID-19 coronavirus disease cases were detected and evacuated two days prior. - Egypt on March 8 reported the country's -- and Africa's -- first fatality from the virus, a 60-year-old German tourist who died in a Red Sea resort in eastern Egypt. The following day, Egypt's health ministry said the total number of known cases had risen to 55. Scores

Nile cruises navigate river of challenges

Following a monthslong hiatus due to the coronavirus pandemic, cruises on the Nile River have resumed, despite some challenges to the tourism sector in Egypt.

ISTANBUL, TURKEY - JULY 26: Atmosphere at the J Balvin concert sponsored by Guess at Kucukciftlik Park on July 26, 2019 in Istanbul, Turkey. (Photo by Levent Kulu/Getty Images for Guess)

Turkish music sector in hot water due to pandemic, arbitrary restrictions

The coronavirus pandemic has wreaked havoc on Turkey's music industry that is already experiencing tough times due to a ban on alcohol advertising that has prevented companies from sponsoring events and festivals with their brand names.

Two F-35s (L and R) and two F-18s fly overhead during the "Salute to America" Fourth of July event at the Lincoln Memorial in Washington, DC, July 4, 2019. (Photo by MANDEL NGAN / AFP) (Photo credit should read MANDEL NGAN/AFP via Getty Images)

Intel: Qatar requested to buy F-35

Iranian flags flutter during an inauguration ceremony for new equipment and infrastructure on February 25, 2019 at the Shahid Beheshti Port in the southeastern Iranian coastal city of Chabahar, on the Gulf of Oman. - With the web of US sanctions tightening, Iran faces a host of challenges as it looks to an isolated port in the country's far southeast to maintain the flow of goods. The port in Chabahar, only about 100 kilometres (62 miles) from the Pakistan border and located on the Indian Ocean, is Iran's

India works to boost influence in Iran as Beijing-Tehran ties warm

India is seeking to remain involved in the development projects at Iran's ports, especially since Chabahar Port helps India gain access to an important geopolitical region.

A picture taken on September 24, 2020 shows a partial view of the Brega oil port some 270kms west of Libya's eastern city of Benghazi. - Libyas state oil firm lifted force majeure on what it deemed secure oil ports and facilities on September 20, a day after strongman Khalifa Haftar said he was lifting a blockade on oilfields and ports. The blockade, which has resulted in more than $9.8 billion in lost revenue according to the state-run National Oil Corporation (NOC), has exacerbated electricity and fuel sh

Libyan Central Bank warns of financial collapse if oil production not restored

Libya has lost $180 billion in oil revenues since 2013, according to the Tripoli-based central bank.

An Iranian youth, wearing a protective mask due to the COVID-19 pandemic, checks the currency exchange rates in Tehran on June 22, 2020. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iranian currency dips to historic low amid sanctions, pandemic, foreign policy decisions

Iran has seen the rial’s value fall by almost half this year as the currency now stands at a record low against the US dollar, triggered by ongoing sanctions, coronavirus restrictions and, according to some experts, Iran's foreign policy adventures since the 1979 revolution.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal city of Caesarea on December 19, 2019. - Israel has approved the export of gas from its offshore reserves to Egypt, a spokeswoman said on December 17, with a major reservoir expected to begin operations imminently.
The approval by Energy Minister Yuval Steinitz was part of a long process under which Israel will transform from an importer of natural gas from Egypt into an exporter

Chevron becomes operator of two Israeli natural gas fields

US gas and petrol giant Chevron is now the owner of Nobel Energy and the operator of Israel natural gas fields Tamar and Leviathan.