World Bulletin / News Desk
Jordan's national carrier Royal Jordanian has stopped flying over Syrian airspace for security reasons, the airline's head said on Sunday.
Syria is a major air and land transport hub for the Gulf and eastern Europe, and nearly two years of revolt there against President Bashar al-Assad has already severely hit multibillion dollar cargo routes from Turkey to the Gulf and vice versa.
The airline, a leading regional carrier, said the move would primarily affect Beirut, a major destination, with a route via Egyptian airspace and over the Mediterranean making a longer journey of its four daily flights.
"This move reflects the airline's commitment to the safety of passengers and security of operations, even though this procedure involves additional costs to the company," Amer Hadidi, President and CEO of Royal Jordanian told Reuters.
The airline stopped its regular flights to Damascus last year along with some other carriers.
Both the European Union and United States adopted tighter restrictions on investments in Crimea this week, targeting individuals, Russian Black Sea oil and gas exploration and tourism.
Chinese Premier Li Keqiang said the offer included $1 billion for infrastructure, $490 million for poverty alleviation and $1.6 billion in special loans for China's production capacity export
Ukraine could default on its debt obligations if the situation does not change in the next few months, S&P said on Friday.
Damascus has relied on Tehran to fight its war with drop in oil price affects oil-producing Iran. Syrian traders say Damascus worried about future support
The ruble makes small gain Friday morning, but RTS index continues to contract
Norwegian energy company Statoil, which suspended 5 rigs in the last 2 months, granted $610 million for development of its gas fields
Putin earlier announced pipeline project via Bulgaria would be cancelled.
President Vladimir Putin said that Russia needed to take the opportunity to diversify its economy to protect it from external shocks.
Verdi said in a statement that workers at four of those centres had decided to continue their strike until Saturday and employees at the Graben warehouse would strike until Dec. 24.
Russia suffers as sanctions bite economy; will crisis make Ukraine conflict too costly?
EU to tighten sanctions on Crimea in time for leaders summit to send message to Russia
The Organization of the Petroleum Exporting Countries declined to cut production at a Nov. 27 meeting and, despite slumping prices, major Gulf OPEC members have since shown no sign of reversing course
Iran plans to export petrochemical products to Europe after one year of U.S.-led sanctions on its petchem market
Russia's central bank took drastic action to defend its rouble currency in a surprise midnight raising of interest rates by 650 basis points to 17 percent.
It argues that a major submarine ridge of the Arctic Ocean is an extension of its autonomous Greenland.
Russia is the second biggest exporter of illicit money, India is fourth, Brazil seventh and South Africa is 12th, according to the report.