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French group to open two hotels in Damascus as airstrikes kill civilians

French group to open two hotels in Damascus as airstrikes kill civilians

Louvre Hotels Group, owned by China's Jin Jiang, has signed an agreement to open two hotels under its own name in Damascus, it said on Saturday, a day after the UN announced an internal investigation into the bombing of hospitals in Syria. The confirmation of the two hotels opening, after...

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Top bankers hit Dubai Ritz to work on Aramco IPO

Top bankers hit Dubai Ritz to work on Aramco IPO

Dozens of bankers from Citigroup Inc. to JPMorgan Chase & Co. descended on the heart of Dubai’s financial district Thursday to start work on the mammoth initial public offering of Saudi Aramco. Executives from Morgan Stanley and local investment bank Samba Financial Group also turned up...

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Syrian pound hits record low, setting off hike in prices

Syrian pound hits record low, setting off hike in prices

The Syrian pound hit a record low against the dollar recently before making some gains Tuesday, setting off a hike in prices in the war-torn country where a large percentage of the population already lives under the poverty line. The pound was trading at 660 to the dollar after reaching...

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New record low for Syrian pound on black market

New record low for Syrian pound on black market

(AFP, Zaman Al Wasl)-  The value of the Syrian pound against the dollar has fallen again to its lowest rate in history on Sunday, following  a week of sharp collapse. On the black market on Sunday, the pound was trading at 690 against the dollar. At the...

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New Grozny, satellite images show massive destruction in Khan Sheikhoun: Syrian Network      Evidence points to Iran involvement in attack, says Saudi alliance, as oil prices soar      France's foreign minister pledges support for 'new Sudan'      Facebook to stop news headline changes from advertisers      Erdogan says up to 3 million Syrian refugees can return to 'safe zone' if it extended      Iran says diplomacy only solution to Syria crisis at Turkey, Russia talks      U.S. service member killed in Afghanistan      Daesh leader al-Baghdadi purportedly says 'daily operations' are underway