More than 20 European and Asian-owned supertankers are shipping Iranian crude oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than market analysts had expected following the lifting of Western sanctions in January. Iran had been struggling as recently as April...

Reporting by Ahmed Khalil; Translation by Yusra Ahmed (Eqtsad)- Besieged areas are still suffer of hunger and lack of most essential needs, food, and medicine, even it reached to preventing children milk from entering these areas. Many attempts and campaigns took place aiming at least to let...

Translation by Yusra Ahmed (Eqtsad)- the trade chamber of Damascus city has decided to unite with the community to face the unprecedented deterioration on the exchange rate of the Syrian pound against the U.S Dollar, calling traders to reduce prices as much as possible especially before the...

Reporting by Ahmed Khalil; Translation by Rana Abdul) (Zaman Al Wasl)- The absence of young men has become of the characteristics of Syrian society in the last period, as most of the youths and men are absent between those detained and those missing or those who have disappeared under...

(Eqtsad)- The intense battles in Deraa’s western countryside and the conflicted sides exchanges using heavy artillery has led to the incineration of large tracts of agricultural land planted with wheat, an important strategic crop that the population in the western area depend on as one of the...

(Eqtsad)- With the start of the harvest season each year, the regime forces and sectarian militias that aid it purposefully ignite fires whether by plane or by shelling fields from the checkpoints surrounding the cities and towns in Homs’ besieged northern countryside. Eqtsad’s correspondent...

Translation by Yusra Ahmed (Eqtsad)- Syrian young men, especially those lived in border towns with Lebanon, used to work in Lebanon before the revolution, due to lack of employment opportunity even for university graduated, as most of them worked in smuggling goods from Lebanon and sell in...

(Zaman al-Wasl)- Regime-run news outlets reflected a widespread anger for regime supporters due to depreciation of the Syrian Pound (SP) value in front of the American Dollar. The depreciation led to a rocket increase in prices. State employees’ and workers’ salaries does not suffice for more...

 Air strikes, a drop in the price of oil, and counter-smuggling efforts by neighboring countries have combined to cut Islamic State's oil revenues in half to about $250 million per year, a senior U.S. Treasury official said on Wednesday. A U.S.-led coalition has targeted the...

(Zaman Al Wasl)- Money-change offices stop selling Dollar for Syrian Pound in Latakia due to big decrease in the value of the Syrian pound. One dollar equaled 580 Syrian pounds on Thursday to go beyond 600 on Friday. Mutaniuos owner of the money exchange company said the money changers stopped...

By Abdul Mounem Halabi; Translation by Yusra Ahmed (Eqtsad)- The route between areas controlled by the Islamic State and those in North countryside of Aleppo under the Free Syrian Army’s (FSA) control is still closed amid beat and defeat battles which have intensified when the FSA controlled...

(Eqtsad)- Al-Qaeda's Syria branch, the Nusra Front, stormed on Tuesday al-Khuyan village in Idlib countryside using tanks, a well-informed source said.   They stormed the main money exchange market in the town to confiscate up to a million dollars that belonged to a currency trader...

A new report by Transparency International, the global coalition against corruption, said that 50 million people across the Middle East and North Africa have paid bribes in 2015. The report, which was released Tuesday, is based on a survey in Palestine, Jordan, Lebanon, Morocco, Tunisia, Egypt,...

(Eqtsad)-  While the Syrian regime and Russia continue their unprecedented military escalation on opposition-held areas in Aleppo city, killing hundreds of civilians, the regime’s thug groups “Shabiha” raid and rob the industrial city of Aleppo. Regime supporters like manufacturer...

Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued by delays and a lack of enthusiasm among potential tenants and investors. The government's frank, public assessments of the projects suggest...

Islamic State oil man Abu Sayyaf was riding high a year ago. With little industry experience, he had built a network of traders and wholesalers of Syrian oil that at one point helped triple energy revenues for his terrorist bosses. His days carried challenges familiar to all oil...

(EQTSAD- Video)- The Syrian Pound came into being in onset of the French Mandate in 1919. During that time one Syrian Pound was equal 20 French Francs. Syria and Lebanon used this currency which was equal 100 penny until they were separated in 1939 After the Syrian independence from...

 Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said Saturday. Finance Minister Amr al-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds ($3.94 billion)...

(Vice News)- Syria's civil war has left 250,000 people dead, according to the latest UN count, and millions more are either displaced within the country's borders or have sought refuge abroad. And, while the proximate causes were largely political — primarily grievances with President...

French oil giant Total has been convicted and fined in a retrial over corruption charges related to the UN's Oil-for-Food programme. The company had been among a number of firms and individuals accused of bribing Iraqi officials in exchange for contracts as part of the programme. Former Iraqi...