(Zaman Al Wasl)- Most merchants in Syria’s Damascus have been complaining of a recession hitting their stacked merchandise, a Syrian business website reported.  Some say it is the usual post-Eid al-Adha recession. However, others believe that this is due to the high cost of...

(Zaman Al Wasl)- The United States is warning businesses against participating in an annual trade fare this week in the Syrian capital, Damascus. The U.S. Embassy in Syria, which closed the mission early on in the country's eight-year civil war, posted a statement on Twitter ahead of...

Huawei Technologies Co. used code names and secret subsidiaries to conduct business in Syria, Sudan and Iran, the U.S. alleged in the extradition case related to sanctions violations against the company’s chief financial officer. The Chinese networking giant allegedly operated a de facto...

(EQTSAD)- The hollowing-out of the Syrian currency’s value has been continued as trading against the US dollar reached the highest rate in three years in blackmarket, according to exchange dealers. Trading at 47 Syrian liras to the US dollar in 2011, it's currently going for 622...