United Arab Emirates

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Challenges for Oil Trade Outlined in International Energy Agency Report

The USA is pointed out as the leader in world oil markets over the next decade in the annual Medium-Term Oil Market report published by the International Energy Agency on Tuesday.

In the light of economic sanctions against Russia on world markets, the country is prognosed to resort to contracting many of its capacities.

Why did the Islamic State of Iraq and the Levant (ISIL) burn to death Jordanian fighter pilot Moaz al-Kasasbeh?

First of all, this was a ?cover-up operation? for ISIL, trying to whitewash its defeat in Kobane two weeks ago. By increasing the level of its barbarism and creating a much larger wave of shock, it was able to jog people?s memories again about its supposed ?invincibility.?

Another aim was to attract more jihadists from around the world by widening the horrifying effect.

First Balkan Hard Rock Cafe to Open in Montenegro

A company from the United Arab Emirates, Abu Dhabi Financial Group, on Wednesday announced that Hard Rock Cafe Podgorica will soon open its doors as the first in a chain of cafe-restaurants planned for the region.

Last year, the company, in cooperation with the Hard Rock International, became the owners of the franchise for the Balkan region.

UAE pulled out of ISIL fight after pilot capture: report

The United Arab Emirates pulled out of the air campaign fighting Islamic State of Iraq and the Levant (ISIL) militants after the capture of a Jordanian pilot who has since been killed by the extremists, the New York Times reported Wednesday.
      
The pilot was captured in December and ISIL militants released a video Tuesday showing the man in a cage being burned alive.

January exports decline upon euro-dollar parity

Turkey's exports declined to $10.8 billion in January by a 9.8 percent decrease from the same month of the previous year due to a number of missing work days and the euro-dollar parity, the Turkish Exporters' Assembly (T?M) has said. 

The year-on-year exports reached $156.12 billion by a 2.5 percent increase from the previous 12-month period, the association said. 

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