(Zaman Al Wasl)- Sudanese authorities have shocked investors of all nationalities with a decision that prevents them from any import-export activity, affecting a substantial number of Syrian traders who have already been granted Sudanese citizenship. Madani Abbas, Minister of Industry,...

The Syrian pound hit a record low Monday amid the country’s grinding civil war, now in its ninth year, and as a financial and political crisis roils neighboring Lebanon, Syria’s economic lung. When Syria’s conflict erupted in March 2011, a dollar was valued at 47 pounds. On Monday, it...

Iraq has been rocked by two months of anti-government protests that brought down premier Adel Abdel Mahdi on Sunday, but its lucrative oil industry has been curiously insulated from the turmoil. AFP looks at how the energy industry of OPEC's second-largest producer has weathered the...

Tens of Damascus shop owners went on strike Friday, protesting the deteriorating value of the Syrian pound against the dollar that hits 800 for $1, local activists said. The Political Security Division threatened to arrest the merchants who close their shops for monopoly purposes....