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Syrian Oil And Gas: Little-Known Facts on Syria’s Energy Resources And Russia's Help

Syrian Oil And Gas: Little-Known Facts on Syria’s Energy Resources And Russia's Help

As the situation in Syria deteriorates with a threatened U.S. airstrike over President Bashar al-Assad’s chemical weapons, the Damascus regime still controls one of the largest conventional hydrocarbon resources in the eastern Mediterranean. Syria possessed 2.5 billion barrels of crude...

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Oil prices fall to near $108 as Syria fears ease

Oil prices fall to near $108 as Syria fears ease

The price of oil fell to near $108 a barrel Friday after British lawmakers refused to approve military action against Syria, easing concerns about international intervention in the country's civil war. By early afternoon in Europe, benchmark oil for October delivery was down 77 cents to...

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Turkish lira falls despite bank action, amid Syria tension

Turkish lira falls despite bank action, amid Syria tension

The Turkish lira fell further against the dollar on Wednesday, despite assurances by the central bank and amid tension over Syria. The lira fell to 2.06 to the dollar in initial trading, then rallied slightly to 2.0527, from 2.0382 at Tuesday's close. The Istanbul stock market fell by...

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WSJ: even as War Rages, Economies of Syria and Lebanon Stay Intertwined

WSJ: even as War Rages, Economies of Syria and Lebanon Stay Intertwined

It’s no secret that Lebanon and Syria are intertwined politically, economically, and socially in ways that have become all the more evident since the war started raging in Syria more than two years ago. A new study by the United Nations Economic and Social Commission for Western Asia, or...

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 Economist: Syrian businesses in Jordan, A bittersweet opportunity

Economist: Syrian businesses in Jordan, A bittersweet opportunity

AS THE 2011 Syrian uprising escalated, investors held their breath. Now, with the likelihood of a protracted conflict increasing, Syrian businesses are flocking to Jordan.  In 2012 the Jordan Investment Board (JIB) registered 114m dinars ($161m) of Syrian investment in the Kingdom, up...

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Smugglers set diesel drums on fire to evade capture, 18 Turkish soldiers injured

Smugglers set diesel drums on fire to evade capture, 18 Turkish soldiers injured

Eighteen Turkish soldiers were injured after a group of smugglers, who were attempting to illegally import diesel from war-torn Syria into Turkey through a village in the border district of Reyhanlı set diesel drums on fire to prevent being captured by Turkish security officials in the early...

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Assad forbids use foreign Currency, threatens traders with jail

Assad forbids use foreign Currency, threatens traders with jail

Syrian traders who price goods in foreign currency will face up to 10 years in jail, the regime news Agency (SANA) published on Sunday in a move aimed at stemming the increasing dollarization of an  economy  crippled by two years of cracking down the Syrian revolution. A decree...

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Why Syria’s Crippled Currency Got a Boost from Iran

Why Syria’s Crippled Currency Got a Boost from Iran

Syria’s economy has been crippled by war. More than two years of unrest, violence and international sanctions have   depleted the regime’s foreign reserves   and led to soaring inflation. But the government hasn’t gone bankrupt.   That’s thanks largely to...

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2000 Syrian smugglers create growing headaches for Turkey

2000 Syrian smugglers create growing headaches for Turkey

    Large groups of smugglers attempting to illegally cross into Turkey from Syria are creating growing headaches for units of the Turkish Armed Forces (TSK) stationed near the tense southern frontier, with reports that up to 2,000 smugglers alone attempted to enter the country on...

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Iran and Assad regime sign $3.6bn oil deal

Iran and Assad regime sign $3.6bn oil deal

Tehran agrees to supply Damascus with oil in exchange for the right to invest in country devastated by conflict. Iran has agreed to supply Damascus with $3.6bn in oil in exchange for the right to invest in the country, Syria's state news agency SANA has said. "An agreement was signed...

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Syrian Coalition asks Kerry to send U.S. arms quickly

Syrian Coalition asks Kerry to send U.S. arms quickly

The head of Syria’s opposition told U.S. Secretary of State John Kerry on Thursday the country’s situation was “desperate” and called for the United States to arm the rebels quickly and to push harder for a political settlement. The United Nations says more than 100,000 people have...

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Damascus countryside suffers systematic starvation policy by Assad

Damascus countryside suffers systematic starvation policy by Assad

Damascus countryside has been suffering from a severe siege for more than two months, resulted in difficulties to supply food, and it reached to an extent to consider getting bread into besieged areas a crime as weapons and arms trade, and do not forget the difficulty in providing medicines....

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U.S. Dollars in Syrian black market with Iranian seal

U.S. Dollars in Syrian black market with Iranian seal

  An exchange agent in Damascus told “Eqtsad” that amounts of American dollars had been trading in the black market with an Iranian seal. The dollars stamped with phrase “Ya Zahra’a”, one of sacred Shiite's slogans that glorify al-Zahra’a, the daughter of...

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A Brief History of Peacekeeping Attempts in Syria

A Brief History of Peacekeeping Attempts in Syria

 On July 8, UN Secretary-General Ban Ki-Moon called for a Ramadan ceasefire in Syria. Shorty after, both Iran and Turkey called for a stop to fighting for the month-long Muslim holiday. Neither the opposition or Syrian regime observed the calls. There have been numerous high-profile...

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Jihadists expelled from flashpoint  Kurdish Syrian town, NGO says

Jihadists expelled from flashpoint Kurdish Syrian town, NGO says

Kurdish fighters have expelled jihadists from the Syrian flashpoint frontier town of Ras al-Ain near Turkey, a watchdog said Wednesday, adding that only the border crossing remains under the extremists' control, according to AFP.   Kurdish fighters "have taken near-total control of...

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Challenges of a collapsed lira, accompanied by food security

Challenges of a collapsed lira, accompanied by food security

  Syria's pound -lira- has continued to slide down against the dollar after few 225% of its value in the black market since the outbreak of Syrian revolution against the Assad regime March 2011. The hysteric increase relied on many reason, the newest one is lack of Dollar...

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Syria's food situation will worsen in 2014: U.N. report

Syria's food situation will worsen in 2014: U.N. report

Four million Syrians, or a fifth of the population, are unable to produce or buy enough food for their needs and the situation could deteriorate further next year if the two-year old conflict continues, the  United Nations  said on Friday. Reuters reported. Following a...

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U.N.'s Ban fears for 2,500 civilians trapped in Syria's Homs

U.N.'s Ban fears for 2,500 civilians trapped in Syria's Homs

Some 2,500 civilians are trapped in the Syrian town of Homs, the scene of heavy fighting, the spokesman for U.N. Secretary General Ban Ki-moon said in a statement on Tuesday according to Reuters. Ban called on the warring sides to do their utmost to avoid civilian casualties. He was...

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Senior Houthi official killed in coalition air raid last week: Houthi report      Syria security chief refuses to appear in Lebanon court      Dozens killed in regime assault on Yarmouk camp: monitor      PYD allows 50 displaced families to return back home in Hasaka      Daesh threatens Iraq polling stations ahead of vote      Iran says 'either all or nothing' on nuclear deal: Zarif tweets      Global donors to seek more than $6 bln for Syrian aid      Paris attack suspect found guilty in separate Brussels trial