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Oil up more than $1 after Saudi's Asia price hike

(Reuters) - Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region. International benchmark Brent regained ground after tumbling as much as 5 percent on...

Syria slashes imports to save dwindling foreign reserves

Damascus (AFP) - Syria's government, presiding over an economy ravaged by war and facing dwindling foreign currency reserves, is taking new measures to slash imports and prop up exports. Importers require government licences that allow them to request a favourable exchange rate at the...