Syrian Stock Market Halts Trading for Assad Cousin’s Company

Syrian Stock Market Halts Trading for Assad Cousin’s Company

Syria's stock market on Tuesday suspended trading for the largest cellular company in the country, owned by a cousin of the president and one of Syria's richest businessmen.. The decision by the Syrian Commission of Financial Markets and Securities marked another development in a deepening financial dispute within the Assad family, which has ruled Syria for five decades.. The businessman, Rami Makhlouf, a maternal cousin of President Bashar Assad, said in an online posting after the decision late on Monday that the situation was a "farce.". Makhlouf's latest posting is in line with what has been an unusually widely publicized family rift.. Assad has made no public statements about the affair - the most visible split in the tight-knit family since Assad succeeded his father in 2000.. Lebanon Geagea Urges Govt.. Lebanon Premiership Denies Govt.. Lebanon Hasan Says Too Early to Claim Victory over Coronavirus. Login using your Naharnet account.