World Bulletin / News Desk
Iraq has signed contracts to buy weapons from Russia worth more than $4.2 billion recently, according to a Russian government document issued on Tuesday at a meeting between Prime Minister Dmitry Medvedev and Iraqi Prime Minister Nuri al-Maliki.
Russian President Vladimir Putin vocally opposed the U.S-led invasion of Iraq in 2003 but Moscow has since sought energy and arms deals with Baghdad and the contracts mean Iraq is now one of Russia's biggest weapons buyers.
The contracts were signed during visits to Russia by Iraq's acting defence chief in April, July and August, the document showed. It gave no further details.
The Russian daily newspaper Vedomosti reported late last month that contracts worth $4.3 million were being agreed ahead of Maliki's visit. It said they included deals for 30 Mi-28NE combat helicopters and 42 Pantsir-S1 mobile rocket launchers.
Russia delivered about $12 billion in weapons and signed about $3.7 billion in new arms contracts last year, according to Russian defence and security think-tank CAST.
Radical cleansing will start a new era in Turkey, says the head of the Turkish Cooperation and Development Agency (TIKA)
EU Commissioner for Jobs, Growth and Investment and Competitiveness Jryki Katainen told reporters "we should forget this phrase" when asked if that meant granting market economy status to China.
Militancy has reduced revenue from oil industry by half, senior official says
The grant was signed Monday in Nairobi to mitigate impact of forced displacements on refugee hosting communities in East Africa
The EU Trade Commissioner Malmstrom made the comment while speaking to Chinese students in Beijing ahead of a China-EU summit.
Trade Ministers Meeting in Shanghai concludes with pledge to push efforts toward trade liberalization and facilitation
Brexit raises uncertainty for consumer, investor confidence, ratings agency says
Bank of England Governor Mark Carney eases lending rules after vote for Brexit
Banca Monte dei Paschi di Siena, or BMPS, is among the banks at the forefront of those concerns with gross bad loans amounting to 46.9 billion euros ($52 billion).
Fund to be used in support of education, health, municipal, socio-economic support for refugees in Turkey
Turkish Statistical Institute says energy prices drive fall in imports
Given all the uncertainty, investors were pricing in a chance of a rate cut with some analysts expecting the Bank of England to consider quantitative easing to cushion the economy
The Egyptian stock index was down 5.8 percent in early afternoon.
The pound sterling sees its lowest level against the the US dollar in over 30 years