Search For Keyword.

Business

Central Bank Governor, Assad's Fresh Scapegoat

Until Wednesday, Syria's central bank governor Hazem Qarfoul was praised by the state-run media as an intelligent problem solver able to manage the  recent Syrian pound crisis.  However, by afternoon, soon after Bashar al-Assad issued a decree dismissing Qarfoul, the...

Vaccines, oil help Mideast economies to recover

Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned that uneven vaccine distribution would derail the region's...

Syrian Pound recovers as regime tightens capital controls

The Syrian pound on Saturday has kept its rebounding from an all-time low struck during the last two months after the regime tightened controls on bank withdrawals and internal transfers and restricted movement of cash around the country to stop dollar hoarding. The pound was trading...