Shackled: Syria’s uprising exacts heavy toll across Economy

Businessmen and analysts say the Syrian economy is shrinking; the IMF forecast a 2 percent contraction for Syria in 2011, in contrast to 3 percent growth which it predicted earlier this year
October 14, 2011 2:00 by Reuters
“They no longer want Assad. They have lost respect for the regime and they are saying, who are these people? They no longer fear them as before,” one prominent Damascus-based trader said on condition of anonymity.
A textiles shop next to the Medhat Basha souk in Damascus prominently displays a poster that reads: “We are with you, Bashar al Assad, the merchants of Damascus.”
The shopkeeper’s neighbour whispers on the phone that government security forces have in recent weeks been paying more and more frequent visits to the area, reminding store owners to hang posters and asking for a share of the shops’ dwindling profits.
More on Analysis
-
Over 90% of passwords vulnerable to hacking
-
‘Renewable energy absolutely necessary’ – Saudi
-
Real cost of sending your child to a Dubai school
-
BurgerFuel rockets its way across Dubai
-
Middle East deadly virus – what do we call it?
-
BurgerFuel’s aggressive expansion plans
-
Qatar’s Leverage Over Banks Is On The Wane
-
First report by Etisalat covering global footprint
-
Qatar Should Consider More Flexible Exchange Rate – Central Banker
-
Yahoo on Tumblr: ‘we promise not to screw it up’
-
Arabtec workers: strike will continue
-
Kuwait: expats sent packing
-
Dubai Labourers on ‘rare’ labour protest
-
Tumblr officially off the market
-
A major step for Turkey
-
Dusting off the Emirates ID card
-
Turkish Airlines Can Ride Out Turbulence
-
Air Berlin doesn’t need Etihad’s help
-
Turkey’s IMF emancipation deserves cautious cheer
-
Nokia charging back with full force
Lately on Kipp
-
Dubai ruler makes horse doping illegal
-
CEO-elect of UAE’s fraud-hit RAKBANK has quit
-
Over 90% of passwords vulnerable to hacking
-
‘Renewable energy absolutely necessary’ – Saudi
-
NEC Display Solutions launches Full HD 3D ready compact meeting room projector
-
Saudi Arabia confirms another death from SARS-like virus
1 Comment
Gold iPad at Burj Al Arab
Minimum wage ‘unfair’ for employers?
Taking on Abercrombie & Fitch
Fake pilot ‘on the run’
“Your customers aren’t fools”
Behind the curtain of Simone Heng
Chatting with the man behind Dubai City Pass
A business discussion with the author of ‘Connect The Dots’































I appreciate the research behind your articles. Thanks.