Syrian traders who price goods in foreign currency will face up to 10 years in jail, the regime news Agency (SANA) published on Sunday in a move aimed at stemming the increasing dollarization of an economy crippled by two years of cracking down the Syrian revolution. A decree...
Syria’s economy has been crippled by war. More than two years of unrest, violence and international sanctions have depleted the regime’s foreign reserves and led to soaring inflation. But the government hasn’t gone bankrupt. That’s thanks largely to...
The United States said on Friday it would work with other nations to resolve Egypt's crisis peacefully, injecting new energy into a push to end a bloody standoff since the overthrow of Islamist President Mohamed Mursi. A day after saying the army had restored democracy by removing Mursi,...
Former Prime Minister Saad Hariri on Friday announced that he rejects taking part in a cabinet in which Hizbullah has representatives, stressing also the state and illegal weapons "cannot coexist." "We will not participate in a council of ministers if Hizbullah has representatives in it,”...