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Why has Syria's economic crisis hit a new low?

Syria’s economy has hit its lowest point since the start of its civil war nearly 12 years ago, with spiraling inflation, a currency plunge and severe fuel shortages in both government-run and rebel-held areas. Life in Damascus has come to a near standstill. Streets are almost empty of...

Syria thaw should not conflict with reality

This year will, God permitting, be the year the Syrian civil war comes to an end. It has been 4,311 days, or 11 years, nine months and 18 days, since March 15, 2011, when the unrest in Syria and several other countries began as part of the Arab Spring protests. Governments had been toppled,...

Syria regime weakens official exchange rate

Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic activity sat around 6,500.  The official rate was previously set at 3,015.  An economic crisis in the...

Attack kills 10 in Syria, Kurdish forces arrest 52 militants

A militant rocket attack in eastern Syria on Friday targeted a bus with oil industry employees, killing at least 10, the government said. To the north, Syrian Kurdish-led forces announced they arrested 52 militants in an operation against ISIS sleeper cells. According to Syria’s...