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Syrian pound at record low on black market: report

The value of the Syrian pound against the dollar has fallen sharply to its lowest rate in history, an economic publication said Tuesday. On the black market on Tuesday, the pound was trading at 650 against the dollar (715 to the euro). It's "the lowest in history", Jihad...

UAE firms scout trade at Syria fair, defying U.S. pressure

A delegation of at least 40 businessmen from the United Arab Emirates attended a state-backed trade fair in Syria’s capital, defying U.S. warnings against doing business with the government and associates of President Bashar al-Assad. The UAE, one of Washington’s main regional allies,...

Discord mounts between Assad and his tycoon

(Zaman Al Wasl)- Pro-regime activists and relatives of the Syrian tycoon Rami Makhlouf said the Syrian dictator Bashar al-Assad had held his cousin in custody over 'money discords'. This disagreement led to direct orders to take Makhlouf’s companies and investments into the custody...