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  • *Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.

  • HOUSTON/ ISTANBUL, July 31- Efforts by Iraqi Kurdistan to boost its finances through bulk oil sales suffered a setback on Thursday as its main U.S. customer swore off more purchases and Baghdad vowed to block delivery from oil-laden vessels like one the Kurds were loading for export.

  • ISTANBUL/ LONDON, July 30- Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the autonomous region's pipeline to the Mediterranean has been shut for the past week.

  • New sanctions for Russia—here's where they'll hurt Tuesday, 29 Jul 2014 | 3:36 PM ET
    Russian President Vladimir Putin on July 28, 2014 in Moscow.

    Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.

  • GAZA/ JERUSALEM, July 29- Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City.

  • DIARY - Emerging Markets Economic Events to Aug 5 Tuesday, 22 Jul 2014 | 8:02 PM ET

    July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.

  • ISTANBUL, July 22- A Turkish Airlines plane flying from Istanbul to Tel Aviv turned back on Tuesday as the company halted flights there for 24 hours due to security reasons, company spokesman Ali Genc told Reuters.

  • *Rate cut is in line with market consensus. ISTANBUL, July 17- Turkey's central bank trimmed its main interest rate for a third consecutive month on Thursday but resisted the deep cuts sought by Prime Minister Tayyip Erdogan weeks ahead of a presidential election.

  • The company, which provides firms with temporary workers and offers them IT outsourcing, management and engineering services, also operates in Germany, Russia, Turkey, Czech Republic, Slovakia and Hungary.

  • ISIS and uranium? Just a scare tactic: Phillips Thursday, 10 Jul 2014 | 3:34 PM ET
    Iraqi Prime Minister Nouri al-Maliki

    Iraq said ISIS seized a stash of uranium. These are scare tactics aimed at getting the U.S. to take action, says former WH adviser David L. Phillips.

  • *Kurds in Turkey seek greater autonomy, not independence. ISTANBUL, July 9- What has long been a dream for the Middle East's Kurds, an independent state, is within reach in Iraq, but Turkey's Kurds, wearied by a 30- year conflict with Ankara, see a brighter future at home, where negotiations could deliver the rights they have fought for.

  • Extremists in Iraq need a history lesson: Phillips Tuesday, 8 Jul 2014 | 9:37 AM ET
    Iraqi security forces pull down a flag belonging to Sunni militant group Islamic State of Iraq and the Levant (ISIL) during a patrol in the town of Dalli Abbas in Diyala province, June 30, 2014.

    ISIS has a legitimate grievance but the wrong tactics, says former White House adviser David L. Phillips.

  • ISTANBUL/ ANKARA, July 7- Turkish officials say key economic ministers will stay in post if, as expected, prime minister Tayyip Erdogan becomes president next month, and they dismissed fears that policy would take a populist turn, jeopardising more than a decade of strong growth.

  • Turkey fears Iraq crisis spreading: NATO chief     Thursday, 3 Jul 2014 | 7:50 AM ET

    Anders Fogh Rasmussen, secretary general of NATO, says Turkey is concerned about the violence in Iraq spreading to its borders.

  • ISTANBUL, July 3- Yakup Saygili ranked among Turkey's top police commanders until he launched anti-graft raids that touched on Prime Minister Tayyip Erdogan's circle. Now he sits at home, victim of a purge he says has undermined specialist units' ability to tackle a growing terrorist threat spilling from the Middle East.

  • In a convoy that stretches hundreds of meters, the trucks travel east across northern Israel, bringing goods from Europe to customers in Jordan and beyond. The number of trucks crossing between Israel and Jordan has jumped some 300 percent since 2011, to 10,589 trucks a year, according to the Israel Airports Authority.

  • US needs to understand what Iran wants in Iraq Monday, 30 Jun 2014 | 10:21 AM ET
    Iranian President Hassan Rouhani

    If the Obama administration wants Iran's cooperation on Iraq, it needs to know what Iran wants, says former White House adviser David L. Phillips.

  • ANKARA, June 26- Turkey's government sent a bill to parliament on Thursday setting out a legal framework for peace talks with Kurdish militants, a step that may boost support for Prime Minister Tayyip Erdogan before an August presidential election.

  • Why the Kurds need Turkey's help: David Phillips Tuesday, 24 Jun 2014 | 11:41 AM ET
    Turkish PM Recep Tayyip Erdogan delivers his speech at the Grand National Assembly of Turkey during an AK Party group meeting on June 24, 2014.

    Iraqi Kurdistan needs Turkey’s political and security support to emerge as an independent state, says former White House adviser David L. Phillips.

  • *Israel keen to build rapport with Kurds. *Israel previously bought small cargoes of trucked oil. LONDON, June 20- A tanker delivered a cargo of disputed crude oil from Iraqi Kurdistan's new pipeline for the first time on Friday in Israel, despite threats by Baghdad to take legal action against any buyer.