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Jun 11, 2013

Tel Aviv stock exchange chief defies maternal revolt

LONDON, June 11 (Reuters) – In her mission to boost activity
on the Tel Aviv Stock Exchange (TASE), CEO Ester Levanon faced
opposition from an unlikely quarter: women incensed by her plan
to add an hour to the trading day.

“Mothers approached my grandchildren saying: ‘tell your
grandmother not to do it’,” the exchange’s chief executive said
on Tuesday of extended trading, which from June 16 will bring
Tel Aviv into line with European exchanges and create a one-hour
overlap with Wall Street.

May 26, 2013

Insight: Two things missing on Spain’s route to recovery

MADRID (Reuters) – Spanish officials tell a dramatic turnaround story: from near-bankruptcy a year ago to model of budget austerity and reform now.

There are just two things missing: jobs and growth. And only one potential salvation: exports.

May 26, 2013

Two things missing on Spain’s route to recovery

MADRID, May 24 (Reuters) – Spanish officials tell a dramatic
turnaround story: from near-bankruptcy a year ago to model of
budget austerity and reform now.

There are just two things missing: jobs and growth. And only
one potential salvation: exports.

Apr 30, 2013

Running the gauntlet: delivering food in Syria

DAMASCUS (Reuters) – Aid workers in Syria are struggling to navigate a lawless archipelago of armed groups to get food to Syrians trapped in a fast-intensifying civil war, the head of the World Food Programme’s Syria operation says.

Matthew Hollingworth said in an interview last week that WFP is trying to feed 2.5 million people every month inside Syria – a tenth of the population – and a million outside, in a conflict that has left 70,000 dead.

Apr 28, 2013

Insight: Good life goes on as Syrian elite sit out war

DAMASCUS (Reuters) – It might sound absurd to talk about normal life in Syria after two years of civil war which have killed more than 70,000 people and left five million more destitute and homeless.

Yet in the neighborhood of Malki, a tree-lined enclave of central Damascus, a wealthy group of elite, pro-government Syrians still enjoy shopping for imported French cheeses, gourmet hand-made chocolates and iPad minis in the well-stocked, recently built Grand Mall and in nearby boutiques.

Apr 28, 2013

Good life goes on as Syrian elite sit out war

DAMASCUS (Reuters) – It might sound absurd to talk about normal life in Syria after two years of civil war which have killed more than 70,000 people and left five million more destitute and homeless.

Yet in the neighbourhood of Malki, a tree-lined enclave of central Damascus, a wealthy group of elite, pro-government Syrians still enjoy shopping for imported French cheeses, gourmet hand-made chocolates and iPad minis in the well-stocked, recently built Grand Mall and in nearby boutiques.

Apr 25, 2013

Syria says backing rebels risks new attacks on America

DAMASCUS (Reuters) – U.S. support for Syrian rebels may lead to more attacks on American soil like those of September 11, said a senior Syrian official who warned that Islamist fighters would spread “the fire of terrorism” around the world.

Western powers are alarmed at al Qaeda militants joining a revolt that began two years ago with rallies for democracy and President Bashar al-Assad has seized on that unease; now, 10 days after the Boston Marathon bombings, Syria’s deputy foreign minister told Reuters that U.S. aid to the rebels may backfire.

Apr 24, 2013

Syria expects more financial aid from Russia, Iran

DAMASCUS (Reuters) – Syria hopes to clinch more financial aid from its allies Russia and Iran soon, but still has enough foreign reserves to pursue its war on rebels trying to oust President Bashar al-Assad, the central bank governor said.

Speaking at the bank’s headquarters, hit by a car bomb on April 8, Adeeb Mayaleh said: “We are expecting much more support from friendly countries… Yes, financial support from Iran and Russia and it could also be from other friendly countries.

Mar 13, 2013

Lebanon needs Arab aid to help with Syria influx: PM

BEIRUT (Reuters) – Prime Minister Najib Mikati urged Arab states to help Lebanon cope with a flood of Syrian refugees who are stretching its scarce resources and will need at least $370 million in support this year.

Mikati said hospitals were full of Syrians, the sick and wounded from the civil war next door, and doctors were struggling to prevent outbreaks of disease among 340,000 refugees crammed into host communities around the country.

Mar 12, 2013

Fearful Syrian voters will keep Assad in power: Qassem

BEIRUT (Reuters) – President Bashar al-Assad is likely to run for re-election next year and win, with Syria remaining in military and political deadlock until then, said the deputy leader of Lebanon’s Iranian-backed Hezbollah group.

Sheikh Naim Qassem, who predicted a year ago that Assad would not be dislodged from power, said the Syrian leader would win a vote because his supporters understood that their communities’ very existence depended on him.