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Video: Syrian Pound Journey In 100 Years

(EQTSAD- Video)- The Syrian Pound came into being in onset of the French Mandate in 1919. During that time one Syrian Pound was equal 20 French Francs. Syria and Lebanon used this currency which was equal 100 penny until they were separated in 1939 After the Syrian independence from...

Egypt to cut fuel subsidies as govt seeks to reduce deficit

 Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said Saturday. Finance Minister Amr al-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds ($3.94 billion)...

French court fines Total over Iraq oil-for-food scandal

French oil giant Total has been convicted and fined in a retrial over corruption charges related to the UN's Oil-for-Food programme. The company had been among a number of firms and individuals accused of bribing Iraqi officials in exchange for contracts as part of the programme. Former Iraqi...