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Islamic State seizes vast Damascus refugee camp

Fighters proclaiming allegiance to Islamic State seized most of a vast camp for Palestinian refugees on the outskirts of Damascus on Wednesday, a bid to capture the group's first major foothold close to President Bashar al-Assad's seat of power. Islamic State fighters already control...

Syria slashes imports to save dwindling foreign reserves

Damascus (AFP) - Syria's government, presiding over an economy ravaged by war and facing dwindling foreign currency reserves, is taking new measures to slash imports and prop up exports. Importers require government licences that allow them to request a favourable exchange rate at the...