Massive cargo ship turns sideways, blocks Egypt's Suez Canal

A massive cargo ship has turned sideways in Egypt’s Suez Canal, blocking traffic in a crucial East-West waterway for global shipping

Turkey Economy

Saudi oil giant Aramco reports 30% drop in payments to state

Saudi Arabia’s state-backed oil giant Aramco says it paid the Saudi government 30% less in 2020

Turkish lira plummets after Erdogan fires central bank chief

The Turkish currency has plummeted against the U.S. dollar after President Recep Tayyip Erdogan fired the central bank governor over the weekend for hiking interest rates

Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

Saudi Arabia’s state-backed oil giant Aramco says its profits nearly halved in 2020 to $49 billion

Turkey's president fires central bank governor by decree

Turkey’s president has fired the central bank governor with an overnight decree, a little over four months after his appointment

Vaccine delay in Britain stirs equity debate in India

Indian health experts and activists say it's hypocritical for Britain to blame vaccine delays on India’s Serum Institute

Saudi Arabia: Drones attack Riyadh oil facility; no damage

Saudi Arabia says that drones struck an oil facility in the capital of Riyadh early this morning, igniting a fire at the installation

Port operator DP World sees 2020 profits drop 29% amid virus

Dubai-based port operator DP World has announced its profits slid 29% in 2020 from the previous year to $846 million, as the coronavirus pandemic froze supply chains and upended global trade flows

Yemeni rebel offensive threatens camps of those who fled war

An offensive by Yemen's Iran-backed Houthi rebels in Marib province is threatening hundreds of thousands of people who have sought safety in the region that previously was a place of relative peace and stability in the grinding civil war