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ISIS orders businesses and shops to use its currency

Daesh (ISIS) ordered shopkeepers and traders to price goods in its currency, the dirham, as of Tuesday and set the value at 1,000 Syrian pounds ($1.80) per dirham, seeking to steer its own monetary policy even as its territorial grip is shaken. The announcement, circulated on Daesh-run...

Former Syrian defense minister Tlass dies in Paris

Syria’s former defense minister Mustafa Tlass, a close friend of President Bashar Assad’s father and predecessor Hafez, died in Paris Tuesday, his son Firas said. He was 85. Tlass, whose other son Manaf was among the most high-profile regime officials to defect during the early days of...

Merkel sounds conciliatory tone on trade before G20 summit

German Chancellor Angela Merkel said on Tuesday that global trade was not a zero-sum game and that she would seek to establish a rules-based commerce system that benefits all, striking a compromising tone before a G20 summit next week. Merkel, who will host leaders of the G20 leading...