Until Wednesday, Syria's central bank governor Hazem Qarfoul was praised by the state-run media as an intelligent problem solver able to manage the  recent Syrian pound crisis.  However, by afternoon, soon after Bashar al-Assad issued a decree dismissing Qarfoul, the...

The Lebanese Shiite group Hezbollah has launched a chain of supermarkets that are stocked with Syrian, Iraqi and Iranian products at reduced prices that are accessible with a party-issued card. It’s a welcome initiative in a country crippled by a financial crisis and food shortages. But...

Italy will ease coronavirus restrictions for schools and restaurants from April 26, Prime Minister Mario Draghi announced Friday, in response to increasing lockdown fatigue in the country. Expressing "cautious optimism", Draghi said his government was taking a "calculated risk"...

Syria devalued the official price of its local currency on Thursday two days after the central bank governor was sacked, state media reported. The decision came after the Syrian pound crashed over the recent months in the war-torn country, hitting records low and throwing more Syrians...