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The Watch
Oil Price May Arouse Global Recession: IEA
High oil prices are the biggest risk to the global economy and may cause a recession, the Financial Times quoted…
16.4 Mln Barrels of Crude Oil Produced in 2011: Turkey
Turkish Energy & Natural Resources Minister Taner Yildiz said that the production met 7-9 percent of total…
Israel Exports Egyptian Gas To Go To Russia
Under the headlines of “Gazprom is Getting Israel’s Gas”, Russian newspaper has mentioned on Saturday that Israeli…
Orascom-France Telecom Deal to be or not to be within Two Weeks: EFSA
Within two weeks, the Egyptian Financial Supervisory Authority (EFSA) will be announcing its stance on France…
Euro Depreciates 0.5 Percent to $1.3153
The euro weakened against the dollar after a report showed German factory output unexpectedly contracted this…
Turkish Shipment of Diesel to solve the Market’s Shortage
The Liberian vessel “Vidias” arrived at Alexandria port today, as coming from Turkey with a shipment of about…
Gold Sluggish amid China Factory Activity Shrinks
Gold prices were little changed on Thursday, hovering around US$1,650 an ounce, as investors weighed a recent…
Indian Rupee Falls to Two-Month Low
The Indian rupee fell for a fourth consecutive session this morning, falling to its weakest level in eight weeks,…
CEO Skinner to Retire; Thompson Is His Successor: McDonald
McDonald’s Corp. (MCD) Chief Executive Officer Jim Skinner is retiring after almost eight years running the world’s…
Brent Falls Below US$124 On China Manufacturing Data
Brent crude dropped below US$124 a barrel on Thursday, after weak Chinese manufacturing data sparked concerns that…