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[17 Dec 2014] Business in limbo in Syria\'s Al-Rumilan oil field - English

The 4th International Investment Conference Sarajevo Business Forum 2013 opened in Sarajevo on May 17th, an opportunity to attract foreign investment and to strengthen economic ties. Bosnia Bank International in cooperation with the Islamic Development Bank and other international partner organizations organized this year\'s Sarajevo Business Forum.

Georgia is considered one of the closest US allies, but it is also a country having visa free travel rules and friendly relations with Iran. Farhad Shademan is one of Iranian nationals, who came to visit Georgia three years ago and decided to stay here. The reason behind his decision was a low living cost compared to other countries and opportunities to start a business with a little money. Since then, he has run a small cafe in the center of Tbilisi. An increase in number of Iranian businesses recently opened in Georgia, has raised US suspicions over the matter. Delegations from U-S Treasury have visited Tbilisi in recent months to discuss importance of combating those activities. Svetlana Alimova, Press TV, Tbilisi

Turkish prosecutors in Istanbul have charged eight people with corruption and fraud. The defendants have been placed in pre-trial detention as part of a wide graft investigation. The eight are among 52 people who were arrested in a series of raids on Tuesday. They are accused of offences, including accepting and facilitating bribes for development projects. The sons of three ministers and several top business leaders are among those arrested. In the wake of the raids, several dozen police officers have also been sacked, accused of abusing power. Prime Minister Recep Tayyip Erdogan has labeled the corruption investigation a dirty operation aimed at undermining his government. The probe has prompted opposition parties to call for the government\\\'s resignation.

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