Regime government intended to increase the electricity price for Syrian cosutumers  for the third time amid claims that the increase would not affect the lowest class consumers. The Assad government also discussed a decision to raise tariffs for subscribers for tension...

  After evidence surfaced that Syrian President Bashar Assad’s forces used chemical weapons that allegedly killed more than 1,000 people, including women and children, President Obama has gone to Congress to authorize military action in the country. House members and Senators...

With his truck fully laden with vegetable oil, driver Mustafa Demir makes his regular trip to the Syrian border from  Turkey  to sell to rebels desperate for provisions as war closes off normal trade channels. "There is so much demand from the Syrian side. There is demand for...

Some investors trying to protect themselves from any market gyrations provoked by a deepening Syrian crisis are looking to oil as an alternative to top-rated government  bonds , a traditional but currently unappealing haven in uncertain times. With U.S. Treasuries and German bunds...

Syria  is seeking 135,000 metric tons (148,812 tons) of white short grain rice, its General Foreign Trade Organisation (GFTO) said on Monday, after failing to buy in a tender that closed on August 25, Reuters reported. Syria's civil war, now in its third year, has killed more than...

Reports about an imminent U.S. strike against the backdrop of the Syrian government's alleged use of chemical weapons has caused panic in the Syrian markets and triggered off a new and sharp decline in the Syrian pound.   According to media reports, four U.S. Navy destroyers...

In an unprecedented act, al-Ba’ath party announced the establishment of "Sham Private University" as one of its investments, what leaves the door wide open for many queries about the source of the money apart from the fate of money that has been stolen from the Syrians for decades....

As the situation in Syria deteriorates with a threatened U.S. airstrike over President Bashar al-Assad’s chemical weapons, the Damascus regime still controls one of the largest conventional hydrocarbon resources in the eastern Mediterranean. Syria possessed 2.5 billion barrels of crude oil...

The price of oil fell to near $108 a barrel Friday after British lawmakers refused to approve military action against Syria, easing concerns about international intervention in the country's civil war. By early afternoon in Europe, benchmark oil for October delivery was down 77 cents to...

The Turkish lira fell further against the dollar on Wednesday, despite assurances by the central bank and amid tension over Syria. The lira fell to 2.06 to the dollar in initial trading, then rallied slightly to 2.0527, from 2.0382 at Tuesday's close. The Istanbul stock market fell by...

It’s no secret that Lebanon and Syria are intertwined politically, economically, and socially in ways that have become all the more evident since the war started raging in Syria more than two years ago. A new study by the United Nations Economic and Social Commission for Western Asia, or...

AS THE 2011 Syrian uprising escalated, investors held their breath. Now, with the likelihood of a protracted conflict increasing, Syrian businesses are flocking to Jordan.  In 2012 the Jordan Investment Board (JIB) registered 114m dinars ($161m) of Syrian investment in the Kingdom, up...

Eighteen Turkish soldiers were injured after a group of smugglers, who were attempting to illegally import diesel from war-torn Syria into Turkey through a village in the border district of Reyhanlı set diesel drums on fire to prevent being captured by Turkish security officials in the early...

Syrian traders who price goods in foreign currency will face up to 10 years in jail, the regime news Agency (SANA) published on Sunday in a move aimed at stemming the increasing dollarization of an  economy  crippled by two years of cracking down the Syrian revolution. A decree...

Syria’s economy has been crippled by war. More than two years of unrest, violence and international sanctions have   depleted the regime’s foreign reserves   and led to soaring inflation. But the government hasn’t gone bankrupt.   That’s thanks largely to economic...

    Large groups of smugglers attempting to illegally cross into Turkey from Syria are creating growing headaches for units of the Turkish Armed Forces (TSK) stationed near the tense southern frontier, with reports that up to 2,000 smugglers alone attempted to enter the country on...

Tehran agrees to supply Damascus with oil in exchange for the right to invest in country devastated by conflict. Iran has agreed to supply Damascus with $3.6bn in oil in exchange for the right to invest in the country, Syria's state news agency SANA has said. "An agreement was signed...

The head of Syria’s opposition told U.S. Secretary of State John Kerry on Thursday the country’s situation was “desperate” and called for the United States to arm the rebels quickly and to push harder for a political settlement. The United Nations says more than 100,000 people have been...

Damascus countryside has been suffering from a severe siege for more than two months, resulted in difficulties to supply food, and it reached to an extent to consider getting bread into besieged areas a crime as weapons and arms trade, and do not forget the difficulty in providing medicines....

  An exchange agent in Damascus told “Eqtsad” that amounts of American dollars had been trading in the black market with an Iranian seal. The dollars stamped with phrase “Ya Zahra’a”, one of sacred Shiite's slogans that glorify al-Zahra’a, the daughter of the Prophet...