Assad regime cuts subsidies as Syria’s GDP falls to half prewar level

Syria’s economy is in a tailspin, and the regime of President Bashar al-Assad is increasingly struggling to find resources to quash the four-year-old rebellion, analysts say. The government has had to scale back subsidies for citizens for goods ranging from water to heating oil over the last six months. That has angered Syrians, who already […]

Ahmadinejad rejects parliament’s subsidies law

Iranian President Mahmoud Ahmadinejad rejected parliament’s subsidies law on Monday and demanded double the cuts in food and fuel supports, in a rebuke to an assembly dominated by his erstwhile conservative allies. He was tacitly supported by the country’s Supreme Leader Ayatollah Ali Khamenei, who urged parliament to work with the government to reach a […]