World Bulletin / News Desk
Iraq has agreed to purchase 24 combat and training aircraft from the Czech Republic for about $1 billion as part of its programme to rebuild its air force, Iraqi Prime Minister Nuri al-Maliki's media advisor said on Friday.
Iraq will buy Czech L159 jets with the first planes arriving over the next seven months, Ali al-Moussawi said.
Iraq has no real air force since the 2003 U.S.-led invasion that toppled Saddam Hussein and Baghdad says it will not be able to defend its airspace until 2020. Iraq is also purchasing U.S.-made F-16 fighter jets.
Bank expects Turkey's strong growth performance to continue in Q3, World Bank Country Director for Turkey says
Industrial production marks first increase in three months, while manufacturing production comes below market expectations
While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
BIST 100 index rises 1.18 pct while US dollar/Turkish lira rate stands over 3.63
BIST 100 index falls 0.24 pct while US dollar/Turkish lira rate climbs to 3.69
National Bank of Ethiopia says devaluation of its currency necessary to boost exports
In its latest forecast, the IMF predicted the Russian economy will expand by 1.8 percent in 2017 and by 1.6 percent in 2018.
Nobel committee says US economist was awarded for his contributions to behavioral economics
BIST 100 index falls over 3.5 pct while dollar/Turkish lira rate climbs to 3.68
Hong Kong's main stocks index hit a 10-year high after another record overnight close on Wall Street following more buoyant US data and hopes for tax reform, which has also boosted the dollar.
Russia spends about 4.5 percent of GDP annually on improvements to infrastructure, says energy minister
S&P closes at all-time high for sixth straight day -- a first since 1997
Food Price Index rose by 4.3 pct year-on-year due to higher vegetable oil, dairy prices: Food and Agriculture Organization