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Syria:11 killed in regime air strike on field hospital

Syria:11 killed in regime air strike on field hospital

A Syrian regime air strike on a field hospital in the northern province of Aleppo killed at least 11 people on Wednesday, the Syrian Observatory for Human Rights said.   “At least 11 people, including a doctor... were killed in an air strike on a field hospital in...

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Share rally pauses, markets watching diplomacy on Syria

Share rally pauses, markets watching diplomacy on Syria

A week of gains for world  stocks  petered out on Wednesday and a sell-off in oil and core government debt eased, as talks began on trying to avert a U.S. military strike on  Syria  against a broadly calm market backdrop. The safe-haven yen was at a seven-week low...

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  Electricity bills to increase in Syria amid People's suffering

Electricity bills to increase in Syria amid People's suffering

  Regime government intended to increase the electricity price for Syrian cosutumers  for the third time amid claims that the increase would not affect the lowest class consumers. The Assad government also discussed a decision to raise tariffs for subscribers for tension...

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What Will Military Intervention In Syria Cost U.S. Taxpayers?

What Will Military Intervention In Syria Cost U.S. Taxpayers?

  After evidence surfaced that Syrian President Bashar Assad’s forces used chemical weapons that allegedly killed more than 1,000 people, including women and children, President Obama has gone to Congress to authorize military action in the country. House members and...

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Syria's economy goes underground as black market thrives

Syria's economy goes underground as black market thrives

With his truck fully laden with vegetable oil, driver Mustafa Demir makes his regular trip to the Syrian border from  Turkey  to sell to rebels desperate for provisions as war closes off normal trade channels. "There is so much demand from the Syrian side. There is demand for...

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Analysis: Fed shift complicates Syria crisis trading strategy

Analysis: Fed shift complicates Syria crisis trading strategy

Some investors trying to protect themselves from any market gyrations provoked by a deepening Syrian crisis are looking to oil as an alternative to top-rated government  bonds , a traditional but currently unappealing haven in uncertain times. With U.S. Treasuries and German bunds...

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Syria again seeking rice after failed tender

Syria again seeking rice after failed tender

Syria  is seeking 135,000 metric tons (148,812 tons) of white short grain rice, its General Foreign Trade Organisation (GFTO) said on Monday, after failing to buy in a tender that closed on August 25, Reuters reported. Syria's civil war, now in its third year, has killed more than...

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Syria's Lira declines as U.S. military strike options increase

Syria's Lira declines as U.S. military strike options increase

Reports about an imminent U.S. strike against the backdrop of the Syrian government's alleged use of chemical weapons has caused panic in the Syrian markets and triggered off a new and sharp decline in the Syrian pound.   According to media reports, four U.S. Navy destroyers...

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Assad's Ba'ath launches private University with high premiums

Assad's Ba'ath launches private University with high premiums

In an unprecedented act, al-Ba’ath party announced the establishment of "Sham Private University" as one of its investments, what leaves the door wide open for many queries about the source of the money apart from the fate of money that has been stolen from the Syrians for decades....

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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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