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Syria’s Annual Inflation Hits 200%: Report

In an attempt to beat Western sanctions and halt the fall in the Syrian pound, the Assad regime – with the help of Iran, Russia, and China –  has begun conducting all of its business in rials, roubles, and renminbi.  This decision supplements other existing arrangements between...

US official denounces Hezbollah's actions in Syria

A senior U.S. official denounced Hezbollah's involvement in the Syrian civil war Monday and accused the Shiite militant group of putting the interests of Iran and Syria above those of the Lebanese people. Underscoring growing sectarian bitterness, mainly Sunni rebels vowed to "liberate" two...

Egypt army gives Mursi 48 hours to share power

 Egypt's powerful armed forces gave Islamist President Mohamed Mursi a virtual ultimatum on Monday to share power, urging the nation's feuding politicians to agree on an inclusive roadmap for the country's future within 48 hours. A dramatic military statement broadcast on state...