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Why has Syria's economic crisis hit a new low?

Syria’s economy has hit its lowest point since the start of its civil war nearly 12 years ago, with spiraling inflation, a currency plunge and severe fuel shortages in both government-run and rebel-held areas. Life in Damascus has come to a near standstill. Streets are almost empty of cars,...

Regime government raises gasoline price

On Tuesday, the government of the Syrian regime raised the price of a liter of gasoline, which is the second increase in three weeks, which comes amid a great shortage of oil derivatives. The Ministry of Internal Trade announced, on its Facebook page, that the selling price of a liter of...

Syria regime weakens official exchange rate

Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic activity sat around 6,500.  The official rate was previously set at 3,015.  An economic crisis in the...

Rainstorms damage 16 IDP camps in northern Syria

The rain and wind storm that struck the northwestern regions of Syria during the past hours caused significant damage to the camps of northwestern Syria. Suffering doubled due to the fragile structure of the tent floors and the weak resistance of the tents by their cloth nature, especially...

Six pro-Turkish fighters killed in Afrin clashes

BEIRUT: Six Syrian fighters from a pro-Turkish group died in clashes with regime troops that still raged Monday in northwest Syria, rebel forces and a war monitor said. A pro-Turkiye rebel statement said the six were killed and three more wounded in the offensive launched by government...

Assad issues general amnesty for deserters

The Syrian regime President Bashar Al-Assad issued on Wednesday a legislative decree granting a general amnesty for military service deserters on the condition that they surrender within three months for those living in Syria, and four months for those living outside the country. The amnesty...

Syria: $26bn in losses due to US presence

The Syrian Ministry of Foreign Affairs revealed yesterday that Syria has incurred $25.9 billion in direct losses due to the American forces' attacks on its territory, including $19.8 billion worth of stolen oil and gas. The ministry said the oil sector has incured $111.9 billion in losses as...