The Financial Crimes Enforcement Network (FinCEN), an affiliate of the US Treasury Department, has issued an exceptional exemption allowing financial institutions to deal with the Commercial Bank of Syria, open accounts, and transfer funds to and from Syria. In a statement published by the...

Syria is anticipating the reactivation of its banks' SWIFT codes allowing it to re-enter the global financial market following last week’s announcement that the US would be lifting sanctions on the war-torn country. Both government and foreign-owned banks that operate in Syria have...

The overthrow of former Syrian President Bashar al-Assad was a great thing for Mohammed al-Badawi. His sales doubled, and he could now sell his imported drinks at low prices from Turkey throughout Syria, not just in Idlib, the former opposition stronghold to which he had previously imported his...

US President Donald Trump on Saturday urged free transit for American commercial and military ships through the Panama and Suez canals, tasking his secretary of state with making progress “immediately.” Trump has for months been calling for the US to take control of the Panama Canal, but...