[Gulf News-Dubai ] Sami Moubayed - Many Syrians believe a peace deal with Israel would undoubtedly encourage investment in Syria, and end the financial hardships imposed on Syria since relations soured with the U.S. back in 2003. State coffers are empty, and the Ministry of Finance lifted the state subsidy on some fuels in May, with the price of fuel rising by a staggering 350%. The increase in the price of fuel led to a sharp increase in other prices. Public and private transportation prices increased 61-77%, and some commodities increased in price by 300%.
2008-06-10 01:00:00Full ArticleBACK Visit the Daily Alert Archive