Finincial News

Syria brawls to cope with economic crunch

DAMASCUS – Sanctions on Syria are getting harder with world countries racing every now and then to introduce new package of sanctions to further squeeze the Syrian economy and accelerate the collapse of its economic system as an introduction for toppling the Syrian regime.

UPDATE 1-Syria seeks big barley imports, unlikely to succeed

By Maha El Dahan and Jonathan Saul ABU DHABI/LONDON, June 13 (Reuters) – Syria wants to import 600,000 tonnes of barley after violence prevented the local crop from coming to market, an article on the Ministry of Agriculture’s website said, while traders said its chances of success in obtaining the supplies looked slim.

Syria crisis: Damascus merchants strike over Houla killings

Sunni Muslim businesses closed in Old Damascus on Monday in the biggest act of civil disobedience by the capital’s merchant class, a backbone of support for President Bashar al-Assad during Syria’s 14-month revolt, activists said.

Exclusive: Syria grain trade signals alarm for Assad

Syria as struggling to meet its grain import needs because of sanctions, raising the risk of bread shortages that could sap public support for President Bashar al-Assad as he tries to snuff out a 15-month-old uprising

Syria left without UN bank account

UNITED NATIONS: US banks are refusing to let Syria’s UN delegation open a bank account, its ambassador said Thursday blaming sanctions imposed over the conflict in his country.

Syria would need $11.5 billion quickly post-Assad

Syria would need $11.5 billion in reconstruction funds in the first six months after the collapse of President Bashar al-Assad’s rule, mainly to support its currency and pay public sector wages, the main Syrian opposition said on Thursday.

It’s the Economy :The Syria Paradox

It’s the Economy :The Syria Paradox

It took a month of protests to depose the president of Tunisia and 18 days to remove Hosni Mubarak from power in Egypt. Libya took longer. Rebels there spent more than eight bloody months fighting Muammar el-Qaddafi before defeating him. But Syria — where protests began at roughly the same time as in Libya — […]