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Syria's 3 ½-year conflict roiling the economy

DAMASCUS, Syria (AP) — The middle-aged salesman sat glumly among an array of shorts, khaki leisure suits bedecked with gold belts and dresses with plunging necklines in the ancient Damascus bazaar — luxuries few can afford in today's Syria. He, like many traders, lost most of...

Lack in Sugar staple as war destroyed 5 factories

(Reporting by Maher Radhwan; Translation by Yusra Ahmed) HOMS (Zaman Al Wasl)- Sugar production in Syria fell to less than a fifth this year compared to 4 years ago, 250 thousand tons of sugar beet were processed, it was the lowest in 50 years....

US-led air war a boon for defense contractors

The US-led air campaign in Iraq and Syria is proving a boon to weapons makers, sending their share prices soaring and bolstering political support for higher defense spending. The open-ended air war against the Islamic State group will mean billions in sales for bombs and...