Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55316427
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In this Tuesday, Sept. 3, 2013, file photo, traders work on the floor at the New York Stock Exchange in New York. (AP Photo/Seth Wenig)

Hopes of Syria breakthrough gives markets a lift

by Asharq Al-Awsat | Sep 10, 2013 | Business

London, Associated Press—Rising hopes that a US-led military strike on Syria may be avoided gave stocks a big lift Tuesday, as well as pushing oil prices lower for the second day running. Investors were cheered to hear that Syria has accepted Russia’s call for...

Media ID: 55309346
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People buy rose petals on the first day of Ramadan, the holiest month in the Islamic calendar, at the Karaj Al-Hajez crossing, a passageway separating Aleppo’s Bustan al-Qasr, which is under the rebels’ control and Al-Masharqa neighborhood, an area controlled by the regime, July 10, 2013. (REUTERS/Muzaffar Salman)

Syria government tries to bolster falling currency

by Asharq Al-Awsat | Jul 11, 2013 | Business

Damascus, AP—The Syrian government is buying up local currency and raising penalties for black-market deals to try to stop the fall of the pound, which has tumbled to record lows against the US dollar, the state-run news agency SANA said Thursday. Syria’s move...

Media ID: 55308935
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A picture taken on September 30, 2012, shows an Iranian woman paying with an IRR 20,000 bill bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini. (AFP PHOTO/ATTA KENARE)

Iranian currency reform hits healthcare system

by Asharq Al-Awsat | Jul 9, 2013 | Business

London, Asharq Al-Awsat—Attempts by the Iranian government to reverse the collapsing value of the Iranian rial have led to serious impacts on the national healthcare system, leaving many Iranians struggling to pay for medicines in the wake of reforms to Iran’s subsidy...