(Zaman Al Wasl)- Pro-regime activists and relatives of the Syrian tycoon Rami Makhlouf said the Syrian dictator Bashar al-Assad had held his cousin in custody over 'money discords'. This disagreement led to direct orders to take Makhlouf’s companies and investments into the custody of...

(Zaman Al Wasl)- The United States is warning businesses against participating in an annual trade fare this week in the Syrian capital, Damascus. The U.S. Embassy in Syria, which closed the mission early on in the country's eight-year civil war, posted a statement on Twitter ahead of...

(Zaman Al Wasl)- Most merchants in Syria’s Damascus have been complaining of a recession hitting their stacked merchandise, a Syrian business website reported.  Some say it is the usual post-Eid al-Adha recession. However, others believe that this is due to the high cost of...

Huawei Technologies Co. used code names and secret subsidiaries to conduct business in Syria, Sudan and Iran, the U.S. alleged in the extradition case related to sanctions violations against the company’s chief financial officer. The Chinese networking giant allegedly operated a de facto...

(EQTSAD)- The hollowing-out of the Syrian currency’s value has been continued as trading against the US dollar reached the highest rate in three years in blackmarket, according to exchange dealers. Trading at 47 Syrian liras to the US dollar in 2011, it's currently going for 622 Syrian...

 (EQTSAD)- The price of the Syrian pound against the US dollar has been declined since Saturday in local exchange rate in opposition-held areas. In eastern Raqqa province , the dollar reached an unprecedented rate due to the ongoing offensive by regime and Russia in...

(EQTSAD)- Stories of successful Syrians in Europe in the scientific and academic fields are not matched by any news about the economic projects carried out by them as they did in all the countries they migrated to. So, what is the reason? Are the restrictions imposed by European...

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session’s sharp gains after the United States said it would delay tariffs on some Chinese products. Brent crude LCOc1 was down $1.03, or 1.7%, at $60.27...

Five countries bordering the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region's oil wealth. Last year, the leaders of Russia, Iran, Azerbaijan, Turkmenistan and Kazakhstan signed a convention aimed at ending...

South Korean tech giant Samsung Electronics, the world's biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for some key materials, it said Wednesday with Seoul and Tokyo embroiled in a bitter trade dispute. The row has seen the Japanese government...

Bit by bit, Aleppo's centuries-old bazaar is being rebuilt as Syrians try to restore one of their historical crown jewels, devastated during years of brutal fighting for control of the city. The historic Old City at the center of Aleppo saw some of the worst battles of Syria's eight-year...

Britain's carmakers, fearful of a chaotic no-deal Brexit and global economic turmoil, are slamming the brakes on investment, the nation's automotive industry warned on Wednesday. New investment in the sector crashed 70 percent to £90 million ($109 million, 98 million euros) in the six...

The children's garment industry in Turkey has enhanced its customer diversity and production capacity by 30% thanks to Syrian manufacturers that fled the Syrian civil war and took refuge in Turkey. While the children's ready-to-wear market in Turkey continues to grow on a constant basis, Syrian...

Huawei's sales unexpectedly boomed in the first half of the year, company figures showed Tuesday, as US sanctions showed few signs of slowing the Chinese tech giant down. Huawei has been under immense pressure this year as Washington has lobbied allies worldwide to avoid the company's...

US trade negotiators return to China this week for a fresh round of talks in a new city, but experts warn a change of air is unlikely to quickly solve an impasse between the world's two biggest economies. The meetings in Shanghai on Tuesday and Wednesday will be the first face-to-face...

A row over taxing tech giants is set to dominate a meeting of G-7 finance ministers near Paris this week, with the world’s leading industrialized nations already riven by disruptive U.S. trade policies. During the meetings Wednesday and Thursday in Chantilly, ministers are set to discuss making...

Iraq's oil exports from its southern ports have reached 3.42 million barrels per day (bpd) so far in July, two oil officials told Reuters Monday. Exports from its southern Basra terminals fell to 3.39 million bpd in June from 3.441 million bpd in the previous month. Officials...

U.S. regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday. The newspaper said the Federal Trade Commission approved the settlement in a 3-2 vote,...

(Eqtsad)- The Syrian Federation of Commerce Chambers said Thursday that a work team was formed to contact fleeing businessmen and investors during the eight-year-old war to urge them to come back and invest again in Syrian to boost the the post-war economy. Experts voiced concern over...

South Korea said on Thursday it may retaliate against Japan’s latest export limits on high-tech materials, as a row over forced wartime labor threatened to disrupt global supplies of memory chips and smartphones. Samsung Electronics Co and SK Hynix Inc  the world’s top memory...