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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.

Latest News

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)

Customers use an ATM machine at a branch of Bank Asya in Ankara August 12, 2014. Turkish Islamic lender Bank Asya said its second-quarter net profit fell 81 percent to 10.6 million lira ($4.9 million) as its deposit base shrank and lending wilted under pressure from the government. The lender has seen its profits and capital base collapse since December when it found itself at the centre of a power struggle between Prime Minister Tayyip Erdogan and his political foe Fethullah Gulen, an Islamic cleric whose

Stocks plummet as Turkey names Gulenists top security issue

Following the decision to add the Gulenist "parallel state" to its Red Book of national security priorities, companies with ties to the Gulen movement have suffered huge stock market losses.

Palestinian workers gather debris inside al-Awdah food factory, which witnesses said was shelled and torched by the Israeli army during the offensive, in Deirl al-Balah in the central Gaza Strip August 14, 2014. A renewed truce between Israel and Hamas appeared to be holding on Thursday despite a shaky start, after both sides agreed to give Egyptian-brokered talks more time to try to end the Gaza war. REUTERS/Ibraheem Abu Mustafa (GAZA - Tags: POLITICS CIVIL UNREST) - RTR42EM3

Gaza’s businessmen facing bankruptcy

Israel targeted important economic sectors in the Gaza Strip in the latest war, rendering many businesses bankrupt and business owners unemployed.

How to finance your education

An inside view on how to finance your college education.

Culture & Society

Fresh Paint 3 - Yuval Avivi.jpg

Israeli art fair aims to attract new collectors

The Fresh Paint contemporary art fair, which opened this week in Tel Aviv, offers art lovers a chance to acquire Israeli works of art at reasonable prices, while introducing a new generation of up-and-coming young artists.

Saudi students attend a class at the Technology College in Riyadh in this October 30, 2010 file photo. The Kingdom of Saudi Arabia sits on more than a fifth of the globe's oil reserves and thanks to high oil prices it has almost tripled its foreign assets to more than $400 billion since 2005. The region's thinkers had a profound influence on the evolving western science of the Middle Ages. But from kindergarten to university, its state education system has barely entered the modern age. Focused on religious

Arab universities chart new course: research and job training

How Arab universities are training students to fit the region's emerging needs.

Syria's President Bashar al-Assad (center R) meets a Russian governmental delegation headed by deputy Prime Minister Dmitry Rogozin (center L), in Damascus, in this handout photograph distributed by Syria's national news agency SANA on May 24, 2014. REUTERS/SANA/Handout via Reuters (SYRIA - Tags: POLITICS CONFLICT CIVIL UNREST) ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. REUTERS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS IMAGE. THIS PICTURE IS D

Russia holds firm on Syria

Moscow is clinging tightly to its Syria policy, believing that the regime is the best option for controlling the Islamic State and worrying over the economic situation that will inevitably emerge from the conflicts there.

Egypt's beer industry toasts long history

Despite the Islamic arguments against alcohol, beer has long been a successful industry in majority-Muslim Egypt.

Election posters of Syria's President Bashar al-Assad hang along a street and on buildings in Latakia city May 24, 2014. Syria is holding an election in June that looks all but certain to give President Bashar al-Assad a third seven-year term. REUTERS/Khaled al-Hariri (SYRIA - Tags: POLITICS CONFLICT CIVIL UNREST ELECTIONS) - RTR3QO2K

Alawites find their voice against Assad

Alawites in Syria are protesting the rise in fuel prices as criticism of the regime and its policies becomes more common and open.

A man uses an ATM machine of Bank Asya in Istanbul August 12, 2014. Turkish Islamic lender Bank Asya said its second-quarter net profit fell 81 percent to 10.6 million lira ($4.9 million) as its deposit base shrank and lending wilted under pressure from the government. The lender has seen its profits and capital base collapse since December when it found itself at the centre of a power struggle between Prime Minister Tayyip Erdogan and his political foe Fethullah Gulen, an Islamic cleric whose sympathisers

Islamic banking gains ground in Turkey

In a first for Turkey, a state-run bank is poised to enter the Islamic banking sector, and other major state lenders are expected to follow.

A farmer flattens the soil using a horse to prepare his land for growing rice in the 6th of October village in the Nile Delta province of Al-Baheira, northwest of Cairo, May 22, 2014. For the past 15 years, antiquated irrigation systems and a government conservation drive have kept many farmers from nutrient-rich Nile waters, forcing them to tap sewage-filled canals despite their proximity to the world's longest river. Picture taken May 22. To match Analysis EGYPT/WATER REUTERS/Asmaa Waguih (EGYPT -

Sisi's land cultivation plan ignores worsening water crisis

Egypt has put forward proposals to cultivate 4 million acres of land for growing crops, but questions are being raised about where the water will come from.

A general view at Turkey's Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAS), some 70 km (43.5 miles) from Adana February 19, 2014. Crude oil flow through the Kirkuk-Ceyhan pipeline linking Iraq to Turkey restarted on Wednesday at a rate of at a rate of about 300,000-350,000 barrels per day (bpd), a Turkish energy official said. The pipeline, which carries Kirkuk crude to Turkey's Mediterranean port of Ceyhan, was down for more than 10 days after coming under a

Turkish government ramps up privatization

A Turkish plan to privatize major public properties has come under fire from the opposition and sparked layoff worries among workers.

Navy officers attend a delivery ceremony for the first nationally designed combat ship TCG Heybeliada at the Tuzla Naval shipyard in Istanbul September 27, 2011. REUTERS/Osman Orsal (TURKEY - Tags: POLITICS MILITARY) - RTR2RWMP

Turkish navy sails through rough seas

Turkey is using its navy to display its global prowess, after the Sledgehammer trials saw many naval officers detained and forcibly retired.