Brexit Impact Not as Bad as Feared, EU Says

The EU on Monday sharply improved its gloomy predictions for the British economy next year, admitting that the Brexit vote would have less impact than earlier thought.

Egypt optimistic about economy after IMF loan approval

There is an atmosphere of optimism about the Egyptian economy as the International Monetary Fund (IMF) has approved a 12 billion US dollars loan to Egypt and Standard and Poors has revised its sovereign credit outlook from "negative" to "stable," Egyptian prime minister said at an economic conference on Saturday.

Arab Spring has cost region 6 percent of GDP: U.N. agency

The Arab Spring unrest of 2011 has cost the region's economies an estimated $614 billion of growth because of regime change, continuing conflict and falling oil prices, a United Nations agency said on Thursday.

EU reveals ‘roadmap’ to regain citizens’ trust

European Union leaders revealed a new plan on Friday to regain the trust of European citizens worried about migration, security and the economy.

Turkey, Russia move to begin normalization by cooperating in tourism

A delegation from Turkey will travel to Moscow and hold a meeting with their Russian counterparts on July 14 in order to tackle bilateral cooperation in the field of tourism, as well as bilateral relations as a whole, in another step towards normalization between the two countries.

Turkish economy may gain $10 bln in 2 years due to normalization of ties with Russia

Turkey's economy will gain about $10 bln in the next two years thanks to normalization of relations with Russia, the Dyunya newspaper reported on Monday referring to the report on the geopolitical risks by the Ata Yat·r·m Investment Agency.

Europe shocked by Brexit, integration in setback

The Leave camp won Britain's Brexit referendum on Friday morning by obtaining nearly 52 percent of ballots, pulling the country out of the 28-nation European Union (EU) after its 43-year membership.

Brazilian vice president prepares for takeover from Rousseff

Brazilian Vice President Michel Temer is meeting with leaders from various sectors to prepare himself for a possible takeover from President Dilma Rousseff, who is facing impeachment.

McCain says US to decide when European countries can lift Russian sanctions

Senator John McCain says the US will decide when EU sanctions on Russia can be lifted. The issue of sanctions is expected to be discussed next week in Munich, with many EU countries unhappy that the restrictions are adversely affecting their economies.

Iran to boost economic ties with Europe amid Rouhani's visits

Iran expects boost of economic ties with Europe as President Hassan Rouhani is visiting two major European countries, France and Italy, next week, a deputy foreign minister announced here on Thursday.

Number of new firms opened by Syrians in Turkey on rise

Syrian migrants are becoming an economic actor in Turkey not only in terms of their labor power but also their entrepreneurial skills, with the number of companies opened by Syrians increasing 40-fold between 2010 and 2014, according to new data.

Turkey: Minimum wage rise could boost economy, S&P says

A minimum wage hike in Turkey could boost the Turkish economy, credit agency Standard & Poor’s (S&P) said on Nov. 9.

Three Million Migrant Arrivals ’to Boost EU Economy’

Three million migrants are expected to arrive in Europe by 2017 as they flee war in Syria and other conflict zones, with a small positive impact on the EU economy likely, the EU's executive arm said on Thursday.

Canada PM calls general elections in October. The 79-day campaign will be one of the longest in Canadian history.

Canada's prime minister has called general elections for October 19, kicking off a campaign for a fourth straight term in power for the Conservatives.

European Commission decides to loan 600 mln euros to Ukraine

The European Commission here on Wednesday said that it adopted on Tuesday a decision to initiate a process towards disbursing 600 million euros to Ukraine in the form of a loan.

Syria moves toward maritime trade after losing most border crossings

After extremist militants claimed control of almost all of Syria's border points with neighboring countries, the country started relying on its seaports as a main conduit for import and export amid assurances that Syrian seaports are fully prepared and capable for trade movement.

Portugal's economic growth forecast revised up

Portugal's economic recovery is "gathering momentum," an official forecast by the European Commission revealed on Tuesday.

Tony Blair hails Israel decision to unfreeze Palestinian tax revenues

Tony Blair, the chief Middle East peace envoy representing the Quartet, praised the Israeli government's decision on Friday to release tax revenues to the Palestinian Authority.

Americans expected to spend more this Christmas than last year (Gallup)

Adults in the United States are expected to spend an average of 720 US dollars on gifts this Christmas, up slightly from a 704 dollars estimate in November last year, indicating a so-so holiday season for American retailers, said a Gallup poll released Monday.

Iraq's PM to Visit Iran, Seeking Help in Fight Against ISIS

Iraqi Prime Minister Haider al-Abadi is headed to Iran Monday for talks with key Tehran officials about the joint fight against Islamic State militants and economic links between the two countries.

Abadi's office said the one-day trip is aimed at uniting efforts in the region "to help Iraq in its war against the terrorist group."