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                                      <item>
                                        <title>JOBS VACANCIES ANNOUNCEMENTS-TOTAL ENERGY PETROCHEMICAL</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=3091#3091</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=137491'&gt;Mrs. Belinda&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Mon Sep 07, 2009 9:04 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      Hello Everyone, &lt;br /&gt;
       We take this opportunity to publicly make this last announcement   to every liked minded individual, that the TOTAL ENERGY PETROCHEMICAL COMPANY (UK) PLC. Is hereby announcing jobs vacancies/ training programme 2009 in United Kingdom    . We need the services of able men and women around the globe to fill in the jobs gap placement in our company in United Kingdom. Below are the summaries  &lt;br /&gt;
list of jobs vacancies    with Total Energy Company  as follow :- Accounting / Audit / Taxation Jobs, Administration / Clerical Support / Service, Jobs, Banking, Business Analysis / Data Analysis Jobs, Business Consultancy Jobs, Business Development Jobs, Call Centre Jobs, Civil Services Jobs, Company Secretary Jobs, Customer Service Jobs, Design Jobs, Documentary Credit / Bills Processing, Energy / Natural Resources / Oil &amp;amp; Gas, Engineering Jobs, General Management Jobs, Hospitality / Hotel Services Jobs, Human Resources / Recruitment Jobs, Information Technology (I.T.) Jobs, Insurance Jobs, Junior Executive Jobs, Legal &amp;amp; Compliance Jobs, Inventorying, Marketing / Public Relations Jobs, Merchandising Jobs, Order Processing &amp;amp; Operation / Setting, Others Jobs, Petroleum / Petrochemical Jobs, Procurement / Purchasing / Sourcing &lt;br /&gt;
Jobs, Research &amp;amp; Development (R&amp;amp;D) Jobs, Research / Survey Services Jobs, Sales Jobs, Student / Fresh Graduate / No Experience, Telecommunications Jobs, Top Executives (CEO, CFO, CTO, GM, Manager, Tourism / Travel Agency Jobs, Trading Jobs, Transportation / Shipping / Freighting, and many more  jobs place available. &lt;br /&gt;
  &lt;br /&gt;
Thanks for your audience to read this publication message. &lt;br /&gt;
   Mrs.  Belinda   Clifford &lt;br /&gt;
(Chief international Announcement officer). &lt;br /&gt;
 Total Energy Company Plc    London - United</description>
                                        <comments>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=3091#3091</comments>
                                        <author>Mrs. Belinda</author>
                                        <pubDate>Mon Sep 07, 2009 9:04 pm</pubDate>
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                                      <item>
                                        <title>Nhon Trach City Center (NTCC)</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=3056#3056</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=106821'&gt;siewlee26&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Wed Apr 01, 2009 2:33 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;&lt;span style=&quot;color: green&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Nhon Trach City Center (NTCC)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;International Future City of Vietnam&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-size: 11px; line-height: normal&quot;&gt;Nhon Trach City Center (NTCC); the first satellite township concept in Nhon Trach District, Dong Nai Province; incorporates housing, commercial and recreational complexes to present the opportunity for the elite in Vietnam to experience luxury life where home, work, business and play are all within reach in a secured environment. With the essence of design contributed by specialists with hands-on housing scheme development experiences in Hong Kong, China, India, Australia and Malaysia, NTCC is shaped to be the International Future City of Vietnam!&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Strategic Location&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-size: 11px; line-height: normal&quot;&gt;The position of NTCC in the would-be administrative center of Nhon Trach; which is about 60km from the bustling HCMC, in close proximity to numerous established industrial parks, namely Nhon Trach Industrial Park I-VI; benefits our tenants / owners in taking advantage of all the current and future planning for either Nhon Trach or its neighbouring cities in the south, collectively known as Southern Key Economic Zone.&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Office Tower - NTCCâ€™s kick off!!&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-size: 11px; line-height: normal&quot;&gt;NTCC will begin with the construction of our 15-storey Office Tower (Block H) which will be the first international standard high-rise office building in the heart of Nhon Trach. The elegance of the featured faÃ§ade coupled with the creatively designed floor spaces shall fulfill every discerning ownersâ€™ differing investment requirements. Still hesitating? The following facts may help you decide:&lt;br /&gt;
&lt;br /&gt;
- Total net floor area : approx. 16,448 m2 with typical sizes of about 76 m2 to 699 m2 / unit, or up to 1,480 m2 / floor.&lt;br /&gt;
- Spacious parking lots in basement and open car parks. &lt;br /&gt;
- Floor to ceiling height of 2.6m to 4.0m spreads out high-end visuals.&lt;br /&gt;
- Central air-conditioning system.&lt;br /&gt;
- 3 high speed passenger lifts and 1 service lift.&lt;br /&gt;
- Round-the-clock security services with CCTV surrounding the building.&lt;br /&gt;
- Managed by Professional Property Management Company.&lt;br /&gt;
&lt;br /&gt;
Our elegant and first ever Office Tower in Nhon Trach is now opened for registration. Itâ€™s only 15 floors. Hurry and be amongst pioneer new owners!! For more details and registration, please contact us via :-&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-size: 14px; line-height: normal&quot;&gt;Marketing Hotline : &lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;color: green&quot;&gt;+84 (933) 268 968&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;</description>
                                        <comments>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=3056#3056</comments>
                                        <author>siewlee26</author>
                                        <pubDate>Wed Apr 01, 2009 2:33 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=3056#3056</guid>
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                                        <title>FX Currency Trading / Forex FX Trading Online - Know More</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2837#2837</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=2'&gt;admin&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Mon Sep 18, 2006 2:13 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;color: black&quot;&gt;&lt;span style=&quot;font-size: 24px; line-height: normal&quot;&gt;Forex Trading â€“ FX Trading&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Foreign Exchange&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G4#G4&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;bear&lt;/a&gt; as well as &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G7#G7&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;bull&lt;/a&gt; market to better acquaint you with some of the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G26#G26&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;risks&lt;/a&gt; and opportunities in the largest and most &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G19#G19&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;liquid&lt;/a&gt; market in the world. &lt;br /&gt;
&lt;br /&gt;
As an additional aid for those who are new to Forex, there is also a &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#10%2310&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;glossary&lt;/a&gt; at the bottom of this text which explains some of the terms used in connection with currency trading. &lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Overview&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Foreign exchange&lt;/a&gt; , &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;forex&lt;/a&gt; or just &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex&lt;/a&gt; are all terms used to describe the trading of the world's many currencies. The &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;forex market&lt;/a&gt; is the largest market in the world, with trades amounting to more than $1.5 trillion every day. This is more than one hundred times the daily trading on the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G21%23G21&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;NYSE (New York Stock Exchange)&lt;/a&gt; . Most forex trading is &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G30%23G30&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;speculative&lt;/a&gt; , with only a few percent of market activity representing governments' and companies' fundamental currency conversion needs.&lt;br /&gt;
&lt;br /&gt;
Unlike trading on the stock market, the forex market is not carried out by a central exchange, but on the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G14%23G14&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;&amp;quot;interbank&amp;quot; market&lt;/a&gt; , which is thought of as an &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G17%23G17&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;OTC (over the counter&lt;/a&gt; ) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the forex market is a 24-hour market.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading Forex&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G8%23G8&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;cross&lt;/a&gt; (for example, the Euro/US Dollar, or the GB Pound/Japanese Yen.). The most commonly traded currencies are the so-called &amp;quot;majors&amp;quot; - EURUSD, USDJPY, USDCHF and GBPUSD.&lt;br /&gt;
&lt;br /&gt;
The most important forex market is the spot market as it has the largest volume. The market is called the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G31%23G31&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spot&lt;/a&gt; market because trades are settled &amp;quot;immediately&amp;quot; or on the spot. In practice this means within two banking days.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading on Margin&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
Trading on &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G20%23G20&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;margin&lt;/a&gt; means that you can buy and sell assets that represent more value than the capital in your account. Forex trading is usually done with relatively little margin since currency &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G11%23G11&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;exchange rate fluctuations&lt;/a&gt; tend to be less than one or two percent on any given day. To take an example, a margin of 2.0% means you can trade up to $500,000 even though you only have $10,000 in your account. In terms of &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G16%23G16&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;leverage&lt;/a&gt; this corresponds to 50:1, because 50 times $10,000 is $500,000, or put another way, $10,000 is 2.0% of $500.000. Using this much leverage gives you the possibility to make profits very quickly, but there is also a greater risk of incurring large losses and even being completely wiped out. Therefore, it is inadvisable to maximise your leveraging as the risks can be very high. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled &amp;quot;Trading Conditions&amp;quot; found in the top right-hand corner of the Account Summary.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Why trade Forex?&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;24 hour trading&lt;/span&gt;&lt;br /&gt;
One of the major advantages of trading forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Superior liquidity&lt;/span&gt;&lt;br /&gt;
The forex market is so liquid that there are always buyers and sellers to trade with. The &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G19%23G19&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;liquidity&lt;/a&gt; of this market, especially that of the major currencies, helps ensure price stability and low &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G33%23G33&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spreads&lt;/a&gt; . The liquidity comes mainly from large and smaller banks that provide liquidity to investors, companies, institutions and other currency market players.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;No commissions&lt;/span&gt;&lt;br /&gt;
The fact that forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis. Trading the &amp;quot;majors&amp;quot; is also cheaper than trading other &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G8%23G8&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;crosss&lt;/a&gt; because of the high level of liquidity. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled &amp;quot;Trading Conditions&amp;quot; found in the top right-hand corner of the Account Summary.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;50:1 Leverage&lt;/span&gt;&lt;br /&gt;
With a minimum account of USD 10,000, for example, you can trade up to USD 500,000. The USD 10,000 is posted on &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G20%23G20&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;margin&lt;/a&gt; as a guarantee for the future performance of your position.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Profit potential in falling markets&lt;/span&gt;&lt;br /&gt;
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;EURUSD&lt;/a&gt; declines, for example, it is because the U.S. dollar gets stronger against the Euro and vice versa. So, if you think the EURUSD will decline (that is, that the Euro will weaken versus the dollar), you would sell EUR now and then later you buy Euro back at a lower price and take your profits. The opposite trading scenario would occur if the EURUSD &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G1%23G1&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;appreciates&lt;/a&gt; .&lt;/ul&gt;&lt;br /&gt;
            &lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Important Forex Trading Terms&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Spread&lt;/span&gt;&lt;br /&gt;
The &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G33%23G33&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spread&lt;/a&gt; is the difference between the price that you can sell currency at ( &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bid&lt;/a&gt; ) and the price you can buy currency at ( &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Ask&lt;/a&gt; ). The spread on majors is usually 5 pips under normal market conditions. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled &amp;quot;Trading Conditions&amp;quot; found in the top right-hand corner of the Account Summary.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Pips&lt;/span&gt;&lt;br /&gt;
A pip is the smallest unit by which a cross price quote changes. When trading forex you will often hear that there is a 5-pip &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G33%23G33&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spread&lt;/a&gt; when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;EURUSD&lt;/a&gt; is quoted at a bid price of 0.9875 and an ask price of 0.9880. The difference is USD 0.0005, which is equal to 5 &amp;quot;pips&amp;quot;. On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with four decimals, so all you have to do is the cancel-out the four zeros on the amount you trade and you will have one pip. Thus, on a EURUSD 100,000 contract, one pip is USD 10. On a USDJPY 100,000 contract, one pip is equal to 1000 yen, because USDJPY is quoted with only two decimals.&lt;/ul&gt;&lt;br /&gt;
            &lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading Scenario - Trading Rising Prices&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
If you believe that the Euro will strengthen against the dollar you'll want to buy Euro now and sell it back later at a higher price.&lt;br /&gt;
&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You buy Euro&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;We quote &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot;&gt;EURUSD&lt;/A&gt; at &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; 0.9875 and &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot;&gt;Ask&lt;/A&gt; 0.9880, which means that you can sell 1 Euro for 0.9875 USD or buy 1 Euro for 0.9880 USD. In this example you buy Euro 100,000, at the quote price of 0.9880 (ask price) per Euro.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The market turns&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Later the market turns in favour of the Euro and the &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot;&gt;EURUSD&lt;/A&gt; is now quoted at Bid 0.9894 and Ask 0.9899.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Now you want to sell your Euro and get the profit &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You sell Euro at a &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; price of 0.9894.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The profit is calculated as follows: &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Sell price-buy price x size of trade (0.9894 minus 0.9880) multiplied by 100.000 = $140 Profit (Note that the profit or loss is always expressed in the &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G27%23G27&quot;&gt;secondary currency&lt;/A&gt; )&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading Scenario - Trading Falling Prices&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
If, on the other hand, you believe that the Euro will weaken against the dollar, you'll want to sell EURUSD.&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You sell Euro&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;We quote &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G9%23G9&quot;&gt;EURUSD&lt;/A&gt; at a &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; price of 0.9875 and &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot;&gt;Ask&lt;/A&gt; price of 0.9880 and you decide to &lt;span style=&quot;font-weight: bold&quot;&gt;sell&lt;/span&gt;Euro 100,000 at a &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; price of 0.9875.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The market moves in your favour&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The Euro weakens against the dollar and the &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G9%23G9&quot;&gt;EURUSD&lt;/A&gt; is now quoted at bid 0.9744 and ask 0.9749.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Now you buy back your Euro&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You buy EUR at an &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot;&gt;ask&lt;/A&gt; price of 0.9749.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Your Profit/loss is then&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Sell price-buy price x size of trade (0.9875 minus 0.9749) multiplied by 100.000 = $ 1260 Profit&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
Remember that trading EUR 100,000 as we have done in our examples, does not mean that you have to put up Euro 100,000 yourself. It means that you have to deposit 2.0% of Euro 100,000, which is Euro 2,000 on margin as a guarantee for the future performance of your position.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Further Reading&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
To see how you can trade the forex market and benefit from our toolbox of information and live quotes, please proceed to our Forex Quick Start found under the Trading menu on the toolbar, under Forex. &lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: darkblue&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Glossary&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Appreciation&lt;/span&gt;&lt;/td&gt;&lt;br /&gt;
&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Anincrease in the value of a currency. &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Ask&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Theprice at which you can buy. Traders also speak of an ask price,the price requested. This usually indicates the lowest price aseller will accept. &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Basecurrency &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thecurrency that the investor buys or sells (i.e. EUR in EURUSD). &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bear&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Someonewho believes prices are heading down. A bear market is one inwhich there is a sustained fall in prices and which does not looklike it will recover quickly. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bid&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Theprice at which you can sell. Traders also speak of a bid price,the price offered. This usually indicates the top price apurchaser will pay. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bid/Ask&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;TheBid rate is the rate at which you sell. The Ask (or offer) rate isthe rate at which you can buy. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bull&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Someonewho is optimistic about the market. A bull market is characterisedby enthusiastic and sustained buying. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;cross&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Whentrading currencies, the investor buys one currency againstanother. These two currencies form the cross: for example, EURUSD.&lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Crossrate &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Anexchange rate that is calculated from two other exchange rates. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Depreciation/decline&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Afall in the value of a currency. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Exchangerate &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Whatone currency is worth in terms of another, for example the $Amight be worth 58 US cents or 70 yen. Currencies traded freely onforeign-exchange markets have a spot rate (applying to tradessettled 'spot', ie, two working days hence) and a forward rate.Countries can determine their exchange rates in a variety of ways:a floating exchange rate system where the currency finds its ownlevel in the market; a crawling or flexible peg system which is acombination of an officially fixed rate and frequent smalladjustments which in theory work against a build-up of speculationabout a revaluation or devaluation; a fixed exchange-rate systemwhere the value of the currency is set by the government and/orthe central bank. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;EURUSD&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Meansthat you trade EUR against dollars. If you buy Euro you pay indollars and if you sell Euro you receive dollars. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;FX,Forex, Foreign Exchange &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Allnames for the transaction of one currency for another, e.g. youbuy Â£100.00 with $150.25 or sell $150.25 for Â£100.00.&lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Interbank&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Short-term(often overnight) borrowing and lending between banks, as distinctfrom banks' business with their corporate clients or otherfinancial institutions. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Interestrate differential &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Theyield spread between two otherwise comparable debt instrumentsdenominated in different currencies. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Leverage(gearing) &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Inthis case leverage means that the investor only funds part of theamount traded. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Long&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Tobuy. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Longposition &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Aposition that increases its value if market prices increase. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Liquid(-ity) &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thecapacity to be converted easily and with minimum loss into cash.Ultra-short-dated treasury notes are an example of a liquidinvestment. A liquid market is one in which there is enoughactivity to satisfy both buyers and sellers. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Margin&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Theinitial amount or deposit required when entering into a position.Margin is a guarantee for future performance. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;NYSE&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Acomputerised system providing brokers with the prices of sharesand securities traded on the New York stock exchange and over thecounter. The quotes are published in real-time. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Openposition &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Aposition in a currency that has not yet been offset. For example,if you have bought 100,000 USDJPY, you have an open position inUSDJPY until you offset it by selling 100,000 USDJPY. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&amp;quot;Overthe counter&amp;quot; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Whentrading takes place directly between two parties, rather than onan exchange. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Pips&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Apip is the smallest unit by which a cross price quote changes. Soif EURUSD bid is now quoted at 0.9767 and it moves up 2 pips, itwill now be quoted at 0.9769. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Position&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Money-market,futures, foreign-exchange and sharemarket traders talk of 'takinga position' which simply means buying or selling one currencycross. 'Position' can also refer to a trader'scash/securities/currencies balance, whether he or she is short ofcash, has money to lend, is overbought or oversold in a currency,etc. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Risk&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Tryingto control outcomes to a known or predictable range of gains orlosses. Risk management involves a set of steps which begin with asound understanding of one's business and the exposures or risksthat have to be covered to protect the value of that business.Then an assessment should be made of the types of variables thatcan affect the business and how best to protect against unwelcomeoutcomes. Consideration must also be given to the preferred riskprofile - whether one is risk- averse or fairly aggressive inapproach. This also involves deciding which instruments to use tomanage risk, and whether a natural hedge exists that can be used.Once undertaken, a risk-management strategy should be continuallyassessed for effectiveness and cost. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Secondarycurrency (variable currency or counter currency) &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thecurrency that the investor trades the base currency against (i.e.USD in EURUSD). &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Shortposition &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Aposition that benefits from a decline in market prices. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Short&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Tosell. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Speculative&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Buyingand selling in the hope of making a profit, rather than doing sofor some fundamental business-related need. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Spot&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;ASpot rate is the current market price of an asset. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Spotmarket &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thepart of the market calling for spot settlement of transactions.The precise meaning of 'spot' will depend on local custom for acommodity, security or currency. In the UK, US and Australianforeign-exchange markets, 'spot' means delivery two working dayshence. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Spread&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thedifference between the bid and the ask rate. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;B&gt;Today'sForex News&lt;/B&gt;&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.forbes.com/breakingnews/&quot;&gt;ForbesBreaking News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.bloomberg.com/news/index.html&quot;&gt;BloombergNews&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://biz.yahoo.com/n/z/z0006.html&quot;&gt;YahooCurrency News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.nni.nikkei.co.jp/&quot;&gt;NikkeiNews&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://news.google.com/news/en/us/business.html&quot;&gt;GoogleBusiness News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://home.kyodo.co.jp/&quot;&gt;KyodoNews&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.reuters.com/finance.jhtml&quot;&gt;ReutersFinancial News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Live Updates&lt;/span&gt;&lt;br /&gt;
&lt;a href=&quot;http://www.global-view.com/&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Live Forex Quotes and Charts&lt;/a&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Forex Market Information&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.newyorkfed.org/education/addpub/usfxm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Federal Reserve Banks' &amp;quot;All About the Foreign Exchange Markets in the United States&amp;quot; &lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Forex Related Sites&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.forexcentral.net&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;ForexCentral.net&lt;/a&gt;&lt;a href=&quot;http://www.forexdirectory.net&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex&lt;br /&gt;
Directory&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forexfactory.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex Factory&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.fxstreet.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FXstreet&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://global-view.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Global View&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.moneytec.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;MoneyTec&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.thefinancials.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;TheFinancials&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Economic Calendars&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bloomberg.com/markets/ecalendar/index.html&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bloomberg Economic Calendar&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.briefing.com/Silver/Calendars/EconomicCalendar.htm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Briefing.com Economic Calendar&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://biz.yahoo.com/c/e.html&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Yahoo U.S. Economic Calendar&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Central Banks &amp;amp; Regulatory Agencies&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bank-banque-canada.ca&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of Canada&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.bankofengland.co.uk&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of England&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.bis.org&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of International Settlements&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.boj.or.jp/en/index.htm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of Japan&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.cftc.gov&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Commodity Futures Trading Commission&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.ecb.int&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;European Central Bank&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.ny.frb.org&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Federal Reserve Bank&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.rba.gov.au&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Reserve Bank of Australia&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.snb.ch/e/index3.html&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Swiss National Bank&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;News&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bloomberg.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bloomberg&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://cnnfn.cnn.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;CNNfn&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.reuters.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Reuters&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.fxweek.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FX Week&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Other Useful Links&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bestdaytrader.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Best Day Trader&lt;/a&gt; - The best performing professional level day trading site and swing&lt;br /&gt;
trading newsletter.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.cashcowmag.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Cash Cow&lt;/a&gt; - Online financial magazine focused on penny stock information and the company research of growing yet undervalued small-cap companies.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.consensus-inc.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;CONSENSUS National Futures &amp;amp; Financial Weekly&lt;/a&gt; - CONSENSUS is one of the largest ONLINE sources of in-depth research for trading the markets. The investment newspaper used daily by stock and futures traders. Your research library ONLINE. For over 30 years, CONSENSUS has published market letters with fundamental and technical buy/sell advice from over 100 top national and international sources.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.fiercefinance.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FierceFinance&lt;/a&gt; - free daily email briefing for investment bankers, venture capitalists, CFOs and other financial industry leaders.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forexdaytrading.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex-Day-Trading.com - Currency Trading with FREE Training&lt;/a&gt; - Learn how to day trade currencies with our free training. Try a free forex trading demo for 30 days.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forexpredictions.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forexpredictions&lt;/a&gt; - daily and weekly high/low currency forecasts.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forex-business.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex Business&lt;/a&gt; - All about Forex Business&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.investorsresource.info&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex Investors Resource&lt;/a&gt; - The Ultimate Forex Portal with a multitude of forex trading resources and free educational tools.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.futuresweb.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FuturesWeb&lt;/a&gt; - Futures and Options portal offering FREE charts &amp;amp; quotes, news, research, software, books, futures directory and more!&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.goforex.net&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Go Forex&lt;/a&gt; - Your Guide to Foreign Exchange Trading&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.investionary.com/foreign-exchange-trading.htm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Investionary.com&lt;/a&gt; - Foreign Exchange Trading resource directory.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.momentumcd.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Momentum&lt;/a&gt; - Provides links to over 5,000 investor related sites.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.tradingacademy.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Online Trading Academy&lt;/a&gt; - Online Trading Academy is a cutting-edge training firm focusing on&lt;br /&gt;
day trading training products and services. Our professional trainers will teach you to trade in any market condition!&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.optrading.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;OpForums Stock Forum - Online Stock Investing and Options Trading Discussion Forums&lt;/a&gt; - Learn online option trading and stock investing strategy from other traders.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.sniper.at&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;&amp;quot;SNIPER&amp;quot; - Stock and bond market timing&lt;/a&gt; - Offers market timing and trading systems for international stock and treasury bond markets plus a weekly global stock market risk and crash indication.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.stockstoshop.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Stockstoshop&lt;/a&gt; - Stock and trading services information, market news, quotes and charts.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.theinvestingsite.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;The Investing Site&lt;/a&gt; - The Ultimate Financial Directory.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.thetradepros.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;TradePro - Direct access day trading broker&lt;/a&gt; - TradePro LLC offers direct access trading software for equity, futures, and option trading. We specialize in fast executions, institutional trading, and low commission costs. Our motto is &amp;quot;We focus on you, so you can focus on the markets&amp;quot;!&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.tradingequity.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Trading Equity&lt;/a&gt; - Swing trading service with suggested entry, exit, and stop prices. Technical investment analysis for stock trading.&lt;/ul&gt;&lt;br /&gt;
&lt;br /&gt;
Source Forex.com</description>
                                        <comments>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2837#2837</comments>
                                        <author>admin</author>
                                        <pubDate>Mon Sep 18, 2006 2:13 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2837#2837</guid>
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                                      <item>
                                        <title>Syria, Traditional Refuge for Displaced Arabs, Is Strained</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2818#2818</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=5289'&gt;Syria_News&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Tue Jul 25, 2006 12:15 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;br&gt;&lt;table border=0 width= valign=top cellpadding=2 cellspacing=7&gt;&lt;tr&gt;&lt;td width=80 align=center valign=top&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/0i-0&amp;fd=R&amp;url=http://www.voanews.com/english/2006-07-23-voa30.cfm&amp;cid=1108068811&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;&lt;img src=http://news.google.com/news?imgefp=tdv6CMG-Y0sJ&amp;imgurl=www.voanews.com/english/images/ap_israel_lebanon_shelling_195_eng_23jul06.jpg width=80 height=62 alt=&quot;&quot; border=1&gt;&lt;br&gt;&lt;font size=-2&gt;Voice of America&lt;/font&gt;&lt;/a&gt;&lt;/td&gt;&lt;td valign=top&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/0-0&amp;fd=R&amp;url=http://www.nytimes.com/2006/07/25/world/middleeast/25refugees.html&amp;cid=1108068811&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;&lt;b&gt;Syria&lt;/b&gt;, Traditional Refuge for Displaced Arabs, Is Strained by &lt;b&gt;...&lt;/b&gt;&lt;/a&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;font color=#6f6f6f&gt;New York Times,&amp;amp;nbsp;United States&amp;amp;nbsp;-&lt;/font&gt; &lt;nobr&gt;1 hour ago&lt;/nobr&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;DAMASCUS, &lt;b&gt;Syria&lt;/b&gt;, July 24 â€” With the number of Lebanese refugees who have crossed into &lt;b&gt;Syria&lt;/b&gt; now estimated at more than 120,000 and increasing by the day &lt;b&gt;...&lt;/b&gt;  &lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/0-1&amp;fd=R&amp;url=http://www.stratfor.com/products/premium/read_article.php%3Fid%3D270448&amp;cid=1108068811&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;Geopolitical Diary: &lt;b&gt;Syria&amp;#39;s&lt;/b&gt; Opportunity&lt;/a&gt; &lt;font size=-1 color=#6f6f6f&gt;&lt;nobr&gt;Stratfor&lt;/nobr&gt;&lt;/font&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/0-2&amp;fd=R&amp;url=http://news.yahoo.com/s/realclearpolitics/20060724/cm_rcp/is_syria_panicking&amp;cid=1108068811&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;Is &lt;b&gt;Syria&lt;/b&gt; Panicking?&lt;/a&gt; &lt;font size=-1 color=#6f6f6f&gt;&lt;nobr&gt;Yahoo! News&lt;/nobr&gt;&lt;/font&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/0-3&amp;fd=R&amp;url=http://www.haaretz.com/hasen/spages/742140.html&amp;cid=1108068811&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;UN may send envoys to &lt;b&gt;Syria&lt;/b&gt; and Iran for talks on Lebanon&lt;/a&gt; &lt;font size=-1 color=#6f6f6f&gt;&lt;nobr&gt;Ha'aretz&lt;/nobr&gt;&lt;/font&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1 class=p&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/0-4&amp;fd=R&amp;url=http://www.alertnet.org/thenews/newsdesk/L24617210.htm&amp;cid=1108068811&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;&lt;nobr&gt;Reuters AlertNet&lt;/nobr&gt;&lt;/a&gt;&amp;amp;nbsp;- &lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/0-5&amp;fd=R&amp;url=http://www.zaman.com/%3Fbl%3Dinternational%26alt%3D%26hn%3D35027&amp;cid=1108068811&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;&lt;nobr&gt;Zaman Online&lt;/nobr&gt;&lt;/a&gt;&amp;amp;nbsp;- &lt;/font&gt;&lt;font class=p size=-1&gt;&lt;a class=p href=http://news.google.com/news?hl=en&amp;ned=us&amp;ie=ISO-8859-1&amp;ncl=http://www.nytimes.com/2006/07/25/world/middleeast/25refugees.html&gt;&lt;nobr&gt;all 564 related&lt;/nobr&gt;&lt;/a&gt;&lt;/font&gt;&lt;/table&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;amp;ct=us/0-0&amp;amp;fd=R&amp;amp;url=http://www.nytimes.com/2006/07/25/world/middleeast/25refugees.html&amp;amp;cid=1108068811&amp;amp;ei=95rFRNLoBMyQHeCegYUC&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Read more...&lt;/a&gt;</description>
                                        <comments>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2818#2818</comments>
                                        <author>Syria_News</author>
                                        <pubDate>Tue Jul 25, 2006 12:15 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2818#2818</guid>
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                                        <title>Israel says any deal must include block on Syria supplying</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2817#2817</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=5289'&gt;Syria_News&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Tue Jul 25, 2006 12:15 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;br&gt;&lt;table border=0 width= valign=top cellpadding=2 cellspacing=7&gt;&lt;tr&gt;&lt;td width=80 align=center valign=top&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/1i-0&amp;fd=R&amp;url=http://www.gamla.org.il/english/article/2006/july/g9.htm&amp;cid=1108220844&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;&lt;img src=http://news.google.com/news?imgefp=L8s-r0WEZSQJ&amp;imgurl=www.gamla.org.il/images/2006/july/raf1.jpg width=80 height=71 alt=&quot;&quot; border=1&gt;&lt;br&gt;&lt;font size=-2&gt;Gamla&lt;/font&gt;&lt;/a&gt;&lt;/td&gt;&lt;td valign=top&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/1-0&amp;fd=R&amp;url=http://www.guardian.co.uk/israel/Story/0,,1828123,00.html&amp;cid=1108220844&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;Israel says any deal must include block on &lt;b&gt;Syria&lt;/b&gt; supplying arms to &lt;b&gt;...&lt;/b&gt;&lt;/a&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;font color=#6f6f6f&gt;Guardian Unlimited,&amp;amp;nbsp;UK&amp;amp;nbsp;-&lt;/font&gt; &lt;nobr&gt;5 hours ago&lt;/nobr&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;b&gt;...&lt;/b&gt; is demanding that any peace deal with Lebanon includes agreement on international control or monitoring of the country&amp;#39;s border crossings with &lt;b&gt;Syria&lt;/b&gt; to block &lt;b&gt;...&lt;/b&gt;  &lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/1-1&amp;fd=R&amp;url=http://www.jpost.com/servlet/Satellite%3Fcid%3D1153291985800%26pagename%3DJPost%252FJPArticle%252FShowFull&amp;cid=1108220844&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;Hizbullah says &amp;quot;no place&amp;quot; safe for Israelis&lt;/a&gt; &lt;font size=-1 color=#6f6f6f&gt;&lt;nobr&gt;Jerusalem Post&lt;/nobr&gt;&lt;/font&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/1-2&amp;fd=R&amp;url=http://www.guardian.co.uk/israel/comment/0,,1828056,00.html&amp;cid=1108220844&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;This is a fight for our survival&lt;/a&gt; &lt;font size=-1 color=#6f6f6f&gt;&lt;nobr&gt;Guardian Unlimited&lt;/nobr&gt;&lt;/font&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/1-3&amp;fd=R&amp;url=http://www.csmonitor.com/2006/0724/p11s01-wome.html&amp;cid=1108220844&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;Can &lt;b&gt;Syria&lt;/b&gt; really rein in Hizbullah?&lt;/a&gt; &lt;font size=-1 color=#6f6f6f&gt;&lt;nobr&gt;Christian Science Monitor&lt;/nobr&gt;&lt;/font&gt;&lt;/font&gt;&lt;br&gt;&lt;font size=-1 class=p&gt;&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/1-4&amp;fd=R&amp;url=http://www.guardian.co.uk/israel/Story/0,,1828243,00.html&amp;cid=1108220844&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;&lt;nobr&gt;Guardian Unlimited&lt;/nobr&gt;&lt;/a&gt;&amp;amp;nbsp;- &lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;ct=us/1-5&amp;fd=R&amp;url=http://mathaba.net/0_index.shtml%3Fx%3D540815&amp;cid=1108220844&amp;ei=95rFRNLoBMyQHeCegYUC&quot;&gt;&lt;nobr&gt;Mathaba.Net&lt;/nobr&gt;&lt;/a&gt;&amp;amp;nbsp;- &lt;/font&gt;&lt;font class=p size=-1&gt;&lt;a class=p href=http://news.google.com/news?hl=en&amp;ned=us&amp;ie=ISO-8859-1&amp;ncl=http://www.guardian.co.uk/israel/Story/0,,1828123,00.html&gt;&lt;nobr&gt;all 30 related&lt;/nobr&gt;&lt;/a&gt;&lt;/font&gt;&lt;/table&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;a href=&quot;http://news.google.com/news/url?sa=T&amp;amp;ct=us/1-0&amp;amp;fd=R&amp;amp;url=http://www.guardian.co.uk/israel/Story/0,,1828123,00.html&amp;amp;cid=1108220844&amp;amp;ei=95rFRNLoBMyQHeCegYUC&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Read more...&lt;/a&gt;</description>
                                        <comments>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2817#2817</comments>
                                        <author>Syria_News</author>
                                        <pubDate>Tue Jul 25, 2006 12:15 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2817#2817</guid>
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                                        <title>Financial Services, Planners, Offshore Banking - Know More</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2642#2642</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=-1'&gt;Anonymous&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Fri Jan 06, 2006 1:57 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;color: green&quot;&gt;Financial Services, Planners, Offshore Banking - Know More&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Dear members &amp;amp; guests&lt;br /&gt;
&lt;br /&gt;
Due to the continuous marketing approach of our expatriate community by mutiple financial planners services company, Allo' Expat has decided to provided you with some usefull imformation on the Expat Offshore Banking issue. Hope you'll invest wisely..... in the future&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;color: green&quot;&gt;Financial Advisors - who are they? &lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q1 - How do I get the best offshore financial advice?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
The best offshore financial advice is probably given by Independent Financial Advisors. Independent financial advisors (or IFA's, as they are sometimes called) advise their clients on savings, investments and pensions. They may also provide Savings Plans for offshore investing to their clients.&lt;br /&gt;
&lt;br /&gt;
When counselling a client, the best offshore financial advisors should complete the following steps:&lt;br /&gt;
&lt;br /&gt;
    * Step 1 - collect detailed information about a client's financial circumstances and requirements ? be they for retirement planning, retirement income, expat investment, or another purpose.&lt;br /&gt;
&lt;br /&gt;
    * Step 2 - check all the offshore tax havens for the best offshore plans.&lt;br /&gt;
&lt;br /&gt;
    * Step 3 - provide impartial advice as to which plan(s) best meet their client's needs (in the form of a written report).&lt;br /&gt;
&lt;br /&gt;
    * Step 4 - arrange for a client to buy the chosen offshore plan(s) on the best terms available.&lt;br /&gt;
&lt;br /&gt;
You may want to complete your own research to ensure you know the right questions to ask your advisor.&lt;br /&gt;
&lt;br /&gt;
When all these stages are completed, you can be confident you have received the best offshore financial advice.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q2 - What is a Certified Financial Advisor?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Financial advisors may need a license to practice, issued by the Financial Services Regulator in their Country. Only these advisors may be called 'Certified Financial Advisors'.&lt;br /&gt;
&lt;br /&gt;
It may be a condition that prospective certified financial advisors show their Regulator that they are:&lt;br /&gt;
&lt;br /&gt;
    * competent to advise&lt;br /&gt;
&lt;br /&gt;
    * impartial in their advice&lt;br /&gt;
&lt;br /&gt;
    * independent of Providers&lt;br /&gt;
&lt;br /&gt;
    * covered by professional indemnity insurance.&lt;br /&gt;
&lt;br /&gt;
So it is important to check that your financial advisor is listed under:&lt;br /&gt;
&lt;br /&gt;
    * Certified Financial Advisors, licensed to advise in the Country where you live and&lt;br /&gt;
&lt;br /&gt;
    * Independent Financial Advisors - advising on a wide range of offshore plans from a full list of providers.&lt;br /&gt;
&lt;br /&gt;
Now you should feel confident you are receiving the best offshore financial advice.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q3 - How are offshore financial advisors paid?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Independent financial advisors (IFA's) earn their living from commissions they receive from plan providers. This is their income for the offshore financial advice they give.&lt;br /&gt;
&lt;br /&gt;
The commission that advisors (IFAs) receive from offshore financial advice cases may range from hundreds to thousands of dollars.&lt;br /&gt;
&lt;br /&gt;
Good offshore financial advisors should not be influenced by the amount of commission they receive.&lt;br /&gt;
&lt;br /&gt;
Some clients prefer to pay fees to their financial advisors for advice to ensure impartiality. When this occurs offshore financial advisors refund commission received from a plan provider either in cash or as an increased allocation of contributions invested.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q4 -How do I find a list of Independent Financial Advisors (IFAs)?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Search the web! Try searching using the search words independent financial advisors or certified financial advisors PLUS the name of the Country in which you live.&lt;br /&gt;
&lt;br /&gt;
Personal recommendations are always helpful - ask your friends if they would recommend their offshore financial advisors. Always check that a recommended advisor is both certified and independent.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;color: darkred&quot;&gt;Offshore Investing - What do that mean&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q1 - What is Offshore Investing or Offshore Investment?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
When we talk about Offshore investing plan opportunities it is like the savings plans available in many countries, except these plans:&lt;br /&gt;
&lt;br /&gt;
    * Are registered in tax havens and are regulated by their Financial Services Authorities.&lt;br /&gt;
&lt;br /&gt;
    * Can be used for investing by non-residents of the tax havens.&lt;br /&gt;
&lt;br /&gt;
    * Are sometimes more tax efficient than or have other advantages over domestic savings plans.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q2 - Why would expatriates choose offshore investing?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Expatriate investment in the savings plans catalogued here and offering offshore investing opprotunities might be appropriate when:&lt;br /&gt;
&lt;br /&gt;
    * No local or Home Country tax free regular savings plans are available.&lt;br /&gt;
&lt;br /&gt;
    * No local or Home Country tax free lump sum investment plans are available.&lt;br /&gt;
&lt;br /&gt;
    * An expatriate is planning to retire to a third country.&lt;br /&gt;
&lt;br /&gt;
If you fit any of these categories of expatriates you should investigate the offshore plans researched by Offshore Boffin and consult your Financial Advisor.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q3 - Are there other people who might benefit from Offshore Invesment?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Yes. People who are not living abroad might find offshore investment attractive in the following circumstances:&lt;br /&gt;
&lt;br /&gt;
    * They have more cash available for savings than can be invested tax free in their resident countries' investment plans (perhaps because the amount they can invest each year is capped).&lt;br /&gt;
&lt;br /&gt;
    * They may live in countries which do not have domestic tax free savings plans.&lt;br /&gt;
&lt;br /&gt;
    * They live in countries which are not suitable long-term investment environments for political or economic reasons.&lt;br /&gt;
&lt;br /&gt;
    * They wish to limit the effects of inheritance tac on their estates.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q4 - Is there safe offshore investing?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
The answer is that All investors should remember that the value of ALL their investments can go down as well as up!&lt;br /&gt;
&lt;br /&gt;
Safe offshore investing is more likely by choosing plans:&lt;br /&gt;
&lt;br /&gt;
    * From politically stable tax havens - the quality of tax havens varies. &lt;br /&gt;
  &lt;br /&gt;
  * From well-regulated tax havens - the tax havens whose savings plans are catalogued here all regulate their financial services companies to avoid 'fly-by-night' companies.&lt;br /&gt;
&lt;br /&gt;
    * From reputable investment management and life assurance companies - whilst past performance is not always a guide to the future, the companies whose savings plans are listed here are all well-known names.&lt;br /&gt;
&lt;br /&gt;
    * Investing in 'mutual' or 'collective' funds. these funds are based on a simple idea. If a large number of investors pool their savings in - for example - an equity fund, the larger fund can be invested in shares in many companies, spreading each individual's risk.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;font-style: italic&quot;&gt;For expat investment - and others - to be successful the best offshore investment opportunities must be found. For that you'll need a good Financial Advisors.&lt;/span&gt; &lt;/span&gt;</description>
                                        <comments>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2642#2642</comments>
                                        <author>Anonymous</author>
                                        <pubDate>Fri Jan 06, 2006 1:57 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2642#2642</guid>
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                                        <title>Visa To Syria / Syria Immigration Guide</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2639#2639</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=-1'&gt;Anonymous&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Fri Jan 06, 2006 12:52 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;color: green&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;VISA TO SYRIA / SYRIA IMMIGRATION GUIDE&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Restricted entry and transit:&lt;/span&gt; Holders of Israeli passports will be refused admission; so will any passenger holding a passport containing a visa (valid or expired) for Israel and those holding a stamp indicating an Israel-Jordan border crossing.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;PASSPORTS:&lt;/span&gt; Passport valid for at least six months required by all except nationals of Lebanon holding valid national ID cards.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;VISAS: &lt;/span&gt;Required by all except the following: &lt;br /&gt;
&lt;br /&gt;
(a) nationals of Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Tunisia, United Arab Emirates and Yemen; &lt;br /&gt;
&lt;br /&gt;
(b) transit passengers continuing their journey by the same or first connecting aircraft within 24 hours provided holding onward or return documentation and not leaving the airport.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Types of visa and cost:&lt;/span&gt; Single-entry: Â£32. Multiple-entry: Â£50. Transit. Payable in cash or by postal order only. These fees are only for nationals of the UK. The cost of visas for other nationalities varies; consult the Embassy for further information.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Validity&lt;/span&gt;: Single-entry (three months from date of issue). Multiple-entry (six months from date of issue). Transit (three months from date of issue). Entry visas initially allow stays of up to 14 days. Extensions for up to three months are possible; apply at the Department of Immigration.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Application to:&lt;/span&gt; Consulate (or Consular section at the Embassy); see Contact Addresses section. In countries where the Syrian Arab Republic does not have diplomatic representation, visitors should apply by post to the nearest Syrian Embassy.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Application requirements:&lt;/span&gt; &lt;br /&gt;
(a) Two completed application forms. &lt;br /&gt;
(b) Valid passport with at least one blank page. &lt;br /&gt;
(c) Two passport-size photos. &lt;br /&gt;
(d) Fee. &lt;br /&gt;
(e) A stamped, self-addressed envelope for postal applications. &lt;br /&gt;
(f) For a Business visa, a company letter stating the nature of the business.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Working days &lt;/span&gt;required: Seven.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Temporary residence: &lt;/span&gt;Applications to the Department of Immigration in Damascus.</description>
                                        <comments>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2639#2639</comments>
                                        <author>Anonymous</author>
                                        <pubDate>Fri Jan 06, 2006 12:52 pm</pubDate>
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                                        <title>SYRIA PROFILE : Syria Country Profile</title>
                                        <link>http://www.alloexpat.com/middle_east_expat_forum/viewtopic.php?p=2637#2637</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/middle_east_expat_forum/profile.php?mode=viewprofile&amp;u=-1'&gt;Anonymous&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Fri Jan 06, 2006 12:50 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;color: green&quot;&gt;SYRIA PROFILE : Syria Country Profile&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
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&lt;br /&gt;
&lt;img src=&quot;http://upload.wikimedia.org/wikipedia/en/4/4b/Sy-map.png&quot; border=&quot;0&quot; /&gt;&lt;br /&gt;
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The Syrian Arab Republic (Arabic: Ø§Ù„Ø¬Ù…Ù‡ÙˆØ±ÙŠØ© Ø§Ù„Ø¹Ø±Ø¨ÙŠØ© Ø§Ù„Ø³ÙˆØ±ÙŠØ©) or Syria (Arabic: Ø³ÙˆØ±ÙŠØ§) is a country in the Levant region of the Middle East. It borders Lebanon to the west, Israel to the southwest, Jordan to the south, Iraq to the east, and Turkey to the north. Israel occupies the Golan Heights in the southwest of the country, and the dispute with Turkey over the Hatay Province now seems to have subsided. The ancient region of Syria, also known as Greater Syria or (Arabic bilad-ush-sham Ø¨Ù„Ø§Ø¯ Ø§Ù„Ø´Ø§Ù… ).&lt;br /&gt;
&lt;br /&gt;
The name Syria comes from the ancient Greek name for the land of Aram at the eastern end of the Mediterranean Sea between Egypt and Arabia to the south and Cilicia to the north, stretching inland to include Mesopotamia, and having an uncertain border to the northeast that Pliny the Elder describes as including from west to east Commagene, Sophene, and Adiabene, &quot;formerly known as Assyria&quot; (N.H. 5.66). By Pliny's time, however, this larger Syria had been divided into a number of provinces under the Roman Empire (but politically independent from each other): Judaea (or &quot;Judea&quot; and later renamed Palestine in 135 AD-the region corresponding to the modern states of Israel and Jordan and the Palestinian territories) in the extreme southwest, Phoenicia corresponding to Lebanon, with Damascena to the inland side of Phoenicia, Coele-Syria (or &quot;Hollow Syria&quot;) south of the Eleutheris river, and Mesopotamia.&lt;br /&gt;
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&lt;span style=&quot;font-weight: bold&quot;&gt;History of Syria&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Archaeologists have demonstrated that Syria was the center of one of the most ancient civilizations on earth. Around the excavated city of Ebla in north-eastern Syria, discovered in 1975, a great Semitic empire spread from the Red Sea north to Turkey and east to Mesopotamia from 2500 to 2400 B.C. The city of Ebla alone during that time had a population estimated at 260,000. Scholars believe the language of Ebla to be the oldest Semitic language. Other notable cities excavated include Mari, Ugarit and Dura Europos.&lt;br /&gt;
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Syria was occupied successively by Canaanites, Hebrews, Arameans, Assyrians, Babylonians, Persians, Greeks, Romans, Nabataeans, Byzantines, Arabs, and, in part, Crusaders before finally coming under the control of the Ottoman Turks. Syria is significant in the history of Christianity; Paul was converted on the road to Damascus and established the first organized Christian Church at Antioch in ancient Syria, from which he left on many of his missionary journeys.&lt;br /&gt;
&lt;br /&gt;
Damascus, a city that has been inhabited as early as 8,000 to 10,000 BC is known to be one of the oldest continuously inhabited cities in the world (along with Aleppo and Jericho). It came under Muslim rule in A.D. 636. Immediately thereafter, the city's power and prestige reached its peak, and it became the capital of the Omayyad Empire, which extended from Spain to the borders of Central Asia from A.D. 661 to A.D. 750, when the Abbasid caliphate was established at Baghdad, Iraq.&lt;br /&gt;
&lt;br /&gt;
Damascus became a provincial capital of the Mameluke Empire around 1260. It was largely destroyed in 1400 by Tamerlane, the Mongol conqueror, who removed many of its craftsmen to Samarkand. Rebuilt, it continued to serve as a capital until 1516. In 1517, it fell under Ottoman rule. The Ottomans remained for the next 400 years, except for a brief occupation by Ibrahim Pasha of Egypt from 1832 to 1840.&lt;br /&gt;
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&lt;span style=&quot;text-decoration: underline&quot;&gt;French occupation&lt;/span&gt;&lt;br /&gt;
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Ottoman control ended when the forces of the Arab revolt entered Damascus in 1918 towards the end of the First World War. An independent Arab Kingdom of Syria was established under King Faysal of the Hashemite family, who later became King of Iraq. However, his rule over Syria ended in July 1920 when French forces entered Syria to impose their League of Nations mandate. Following the Battle of Maysalun of 23 July between the Syrian army under Yusuf al-Azmeh and the French, the French army entered Damascus and Faisal was exiled. The period of the Mandate was marked by increasing nationalist sentiment and a number of brutally repressed revolts, but also by infrastructural modernisation and economic development.&lt;br /&gt;
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With the fall of France in 1940, Syria came under the control of the Vichy Government until the United Kingdom and Free French occupied the country in July 1941. Continuing pressure from Syrian nationalist groups forced the French to evacuate their troops in April 1946, leaving the country in the hands of a republican government that had been formed during the mandate.&lt;br /&gt;
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&lt;span style=&quot;text-decoration: underline&quot;&gt;Independence to 1970&lt;/span&gt;&lt;br /&gt;
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Although rapid economic development followed the declaration of independence of April 17, 1946, Syrian politics from independence through the late 1960s were marked by upheaval. A series of military coups, begun in 1949, undermined civilian rule and led to army colonel Adib Shishakli's seizure of power in 1951. After the overthrow of President Shishakli in a 1954 coup, continued political maneuvering supported by competing factions in the military eventually brought Arab nationalist and socialist elements to power.&lt;br /&gt;
&lt;br /&gt;
Syria's political instability during the years after the 1954 coup, the parallelism of Syrian and Egyptian policies, and the appeal of Egyptian President Gamal Abdel Nasser's leadership in the wake of the 1956 Suez crisis created support in Syria for union with Egypt. On February 1, 1958, the two countries merged to create the United Arab Republic, and all Syrian political parties ceased overt activities.&lt;br /&gt;
&lt;br /&gt;
The union was not a success, however. Following a military coup on September 28, 1961, Syria seceded, reestablishing itself as the Syrian Arab Republic. Instability characterized the next 18 months, with various coups culminating on March 8, 1963, in the installation by leftist Syrian Army officers of the National Council of the Revolutionary Command (NCRC), a group of military and civilian officials who assumed control of all executive and legislative authority. The takeover was engineered by members of the Arab Socialist Resurrection Party (Ba'ath Party), which had been active in Syria and other Arab countries since the late 1940s. The new cabinet was dominated by Ba'ath members.&lt;br /&gt;
&lt;br /&gt;
The Ba'ath takeover in Syria followed a Ba'ath coup in Iraq the previous month. The new Syrian Government explored the possibility of federation with Egypt and Ba'athâ€“controlled Iraq. An agreement was concluded in Cairo on April 17, 1963, for a referendum on unity to be held in September 1963. However, serious disagreements among the parties soon developed, and the tripartite federation failed to materialize. Thereafter, the Ba'ath regimes in Syria and Iraq began to work for bilateral unity. These plans floundered in November 1963, when the Ba'ath regime in Iraq was overthrown. In May 1964, President Amin Hafiz of the NCRC promulgated a provisional constitution providing for a National Council of the Revolution (NCR), an appointed legislature composed of representatives of mass organizations â€”labor, peasant, and professional unionsâ€”, a presidential council, in which executive power was vested, and a cabinet. On February 23, 1966, a group of army officers carried out a successful, intra-party coup, imprisoned President Hafiz, dissolved the cabinet and the NCR, abrogated the provisional constitution, and designated a regionalist, civilian Ba'ath government. The coup leaders described it as a &quot;rectification&quot; of Ba'ath Party principles. The defeat of the Syrians and Egyptians in the June 1967 war with Israel weakened the radical socialist regime established by the 1966 coup. Conflict developed between a moderate military wing and a more extremist civilian wing of the Ba'ath Party. The 1970 retreat of Syrian forces sent to aid the PLO during the &quot;Black September&quot; hostilities with Jordan reflected this political disagreement within the ruling Ba'ath leadership. On November 13, 1970, Minister of Defense Hafez al-Assad affected a bloodless military coup, ousting the civilian party leadership and assuming the role of prime minister.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;text-decoration: underline&quot;&gt;1970 to 2000 Consolidation of power&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Upon assuming power, Hafez al-Assad moved quickly to create an organizational infrastructure for his government and to consolidate control. The Provisional Regional Command of Assad's Arab Ba'ath Socialist Party nominated a 173-member legislature, the People's Council, in which the Ba'ath Party took 87 seats. The remaining seats were divided among &quot;popular organizations&quot; and other minor parties. In March 1971, the party held its regional congress and elected a new 21-member Regional Command headed by Assad. In the same month, a national referendum was held to confirm Assad as President for a 7-year term. In March 1972, to broaden the base of his government, Assad formed the National Progressive Front, a coalition of parties led by the Ba'ath Party, and elections were held to establish local councils in each of Syria's 14 governorates. In March 1973, a new Syrian constitution went into effect followed shortly thereafter by parliamentary elections for the People's Council, the first such elections since 1962.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;text-decoration: underline&quot;&gt;October war&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Later in 1973, the October War broke out, with Syria attacking the Golan Heights to try and reclaim them from Israel. Despite some initial successes, at the end of the war Israel held the military advantage. Subsequent shuttle negotiations by Henry Kissinger resulted in Syria regaining control of part of the Golan, which the government portrayed as proof of victory. Since 1974, the Syrian-Israeli front has been quiet, with few disturbances of the cease-fire.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;text-decoration: underline&quot;&gt;Involvement in Lebanon&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
In early 1976, the civil war in neighbouring Lebanon was going poorly for the Maronite Christians. Syria sent 40,000 troops into the country to prevent them from being overrun, but soon became embroiled in the Lebanese Civil War, beginning the 30 year Syrian presence in Lebanon. Over the following 15 years of civil war, Syria fought both for control over Lebanon, and as an attempt to undermine Israel in southern Lebanon, through extensive use of Lebanese allies as proxy fighters. Many see the Syrian Army's presence in Lebanon as an occupation, especially following the end of the civil war in 1990, after the Syrian-sponsored Taif Agreement. Syria then remained in Lebanon until 2005, exerting a heavy-handed influence over Lebanese politics, that was deeply resented by many.&lt;br /&gt;
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About one million Syrian workers came into Lebanon after the war ended to find jobs in the reconstruction of the country. Syrian workers were preferred over Palestinian and Lebanese workers because they could be paid lower wages, but some have argued that the Syrian government's encouragement of citizens entering its small and militarily dominated neighbour in search of work, was in fact an attempt at Syrian colonization of Lebanon. Now, the economies of Syria and Lebanon are completely interdependent. In 1994, under pressure from Damascus, the Lebanese government controversially granted citizenship to over 200,000 Syrians resident in the country. (For more on these issues, see Demographics of Lebanon)&lt;br /&gt;
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&lt;span style=&quot;text-decoration: underline&quot;&gt;Opposition and repression&lt;/span&gt;&lt;br /&gt;
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The authoritarian regime was not without its critics, though most were quickly dealt with. A serious challenge arose in the late 1970s, however, from fundamentalist Sunni Muslims, who reject the basic values of the secular Ba'ath program and object to rule by the Alawis, whom they consider heretical. From 1976 until its suppression in 1982, the archconservative Muslim Brotherhood led an armed insurgency against the regime. In response to an attempted uprising by the brotherhood in February 1982, the government crushed the fundamentalist opposition centered in the city of Hama, leveling parts of the city with artillery fire and causing many thousands of dead and wounded. Since then, public manifestations of anti-regime activity have been very limited. A challenge from within the regime came in 1984, when Hafez was hospitalized after a heart attack. His brother Rifaat then attempted to seize power using internal security forces under his control. Despite his poor health, Hafez managed to assert control and sent Rifaat into exile.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;text-decoration: underline&quot;&gt;Gulf war&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Syria's 1991 participation in the U.S.-led multinational coalition aligned against Saddam Hussein marked a dramatic watershed in Syria's relations both with other Arab states and with the West. Syria participated in the multilateral Middle East Peace Conference in Madrid in October 1991, and during the 1990s engaged in direct, face-to-face negotiations with Israel. These negotiations failed, and there have been no further Syrian-Israeli talks since President Hafez Al-Assad's meeting with then President Bill Clinton in Geneva in March 2000.&lt;br /&gt;
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&lt;span style=&quot;text-decoration: underline&quot;&gt;Death and succession of Hafez al-Assad&lt;/span&gt;&lt;br /&gt;
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Hafez Al-Assad died on June 10, 2000, after 30 years in power. Within a few hours following Al-Assad's death, the Parliament amended the constitution, reducing the mandatory minimum age of the President from 40 to 34 years old, which allowed his son, Bashar al-Assad legally to be eligible for nomination by the ruling Ba'ath party. On July 10, 2000, Bashar Al-Assad was elected President by referendum in which he ran unopposed, supposedly garnering 97.29% of the vote.&lt;br /&gt;
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&lt;span style=&quot;text-decoration: underline&quot;&gt;2000 to 2005&lt;/span&gt; &lt;br /&gt;
&lt;br /&gt;
In his inauguration speech delivered at the People's Council on July 17, 2000, Bashar Al-Assad promised political and democratic reform. Human rights activists and other civil society advocates, as well as some parliamentarians, became more outspoken during a period referred to as &quot;Damascus Spring&quot; (July 2000-February 2001). Enthusiasm faded quickly as the government cracked down on civil forums and reform activists, but there was still a notable liberalization compared to the totalitarianism of Hafez. The lifting of bans on Internet access, mobile telephones and the spread of computer technology has had a great impact on the previously isolated Syrian society, and the secret police's presence in society has been eased. Today there exists a small but growing number of dissident intellectuals, as well as several formally illegal opposition parties. However, government power rests firmly in the hands of the Ba'th, and police surveillance and occasional crackdowns keeps opposition activities limited.&lt;br /&gt;
&lt;br /&gt;
In the aftermath of the September 11, 2001, terrorist attacks, the Syrian government began limited cooperation with U.S. in the global war against terrorism. However, Syria opposed the Iraq war in March 2003, and bilateral relations with the U.S. swiftly deteriorated. In December 2003, President George W. Bush signed into law the Syria Accountability and Lebanese Sovereignty Restoration Act of 2003, which provided for the imposition of a series of sanctions against Syria if Syria did not end its support for Palestinian terrorist groups, end its military and security presence in Lebanon, cease its pursuit of weapons of mass destruction, and meet its obligations under US interpretation of United Nations Security Council resolutions regarding the stabilization and reconstruction of Iraq. In May 2004, the President determined that Syria had not met these conditions and implemented sanctions that prohibit the export to Syria of items on the U.S. Munitions List and Commerce Control List, the export to Syria of U.S. products except for food and medicine, and the taking off from or landing in the United States of Syrian government-owned aircraft. At the same time, the U.S. Department of the Treasury announced its intention to order U.S. financial institutions to sever correspondent accounts with the Commercial Bank of Syria based on money-laundering concerns, pursuant to Section 311 of the USA PATRIOT Act. Acting under the International Emergency Economic Powers Act (IEEPA), the President also authorized the Secretary of the Treasury, in consultation with the Secretary of State, to freeze assets belonging to certain Syrian individuals and government entities.&lt;br /&gt;
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The European Union uses a method to bring about change in Syria that can be likened to soft power, using neither military nor economic force. Now that there is a good chance that Turkey will join the EU, Syria would border the EU. At present it can not join as a full member, but economic treaties are possible. However, for these, the EU has certain requirements, which would necessitate changes to take place, most notably in the fields of democracy and human rights. At the moment there are negotiations on an Association Agreement, which would liberalize mutual trade. Syria is required to make certain political and economic reforms in order for this process to come into effect.&lt;br /&gt;
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&lt;span style=&quot;text-decoration: underline&quot;&gt;The events from 2005&lt;/span&gt;&lt;br /&gt;
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On February 14, 2005, Rafik Hariri, the former Prime Minister of Lebanon, was murdered by a car bomb. Many members of the Lebanese opposition and international observers alleged that Hariri was assassinated by Syria. Popular protests soon arose, composed primarily of Christians, Druze and Sunni Muslims, demanding the resignation of the government led by Omar Karami, as well as the withdrawal of all Syrian troops and intelligence operatives. On February 28, 2005, Karami's government resigned, although he was reappointed a few days later. On March 5, 2005, after intense international pressure, president Bashar al-Assad of Syria made a speech before the Syrian Parliament, where he announced that Syria would complete a full withdrawal from Lebanon by May of 2005.&lt;br /&gt;
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Bowing to Lebanese and international pressure, Syria withdrew from Lebanon on April 26, 2005. After two UN investigations (the FitzGerald Report and the Mehlis report) implicated Syrian officials in the Hariri slaying, the Assad regime entered a turbulent period, the seriousness of the crisis signalled by the death of interior minister Ghazi Kanaan, as well as Western threats of economic sanctions.&lt;br /&gt;
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However, in December 2005 the UN's case against Syria came under serious scrutiny as questions were raised about the credibility of several of the main witnesses of the Mehlis investigation. These events also prompted a debate on Syrian witness intimidation, in preparation for the final report of Mehlis, whose mandate expired on December 15, 2005.[1]&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
Politics of Syria&lt;br /&gt;
&lt;br /&gt;
Officially, Syria is a parliamentary republic. In reality, however, it is an authoritarian regime that exhibits only the forms of a democratic system. Although citizens ostensibly vote for the President and members of Parliament, they do not have the right to change their government. The late President Hafiz al-Assad was confirmed by unopposed referenda five times. His son, Bashar al-Assad, also was confirmed by an unopposed referendum in July 2000.&lt;br /&gt;
&lt;br /&gt;
The Assad regime has held power since 1970, when it took control over the already Baath-run government in a coup labeled The Corrective Revolution. Assad's regime's survival is due partly to a strong desire for stability and the regime's success in giving groups such as religious minorities and peasant farmers a stake in society. The expansion of the government bureaucracy has also created a large class loyal to the regime. The President's continuing strength is due also to the army's continued loyalty and the overbearing presence of Syria's large and ruthless internal security apparatus. Another important factor is nationalism, with the Syrians rallying around the regime to counter what they perceive as American, Israeli and (during the Saddam Hussein years) Iraqi aggression. Also, many critics of the regime still have hopes for more wide-ranging political reform under the younger al-Assad, but despite government propaganda encouraging these tendencies, it remains uncertain if he is willing or capable to deliver on his promises.&lt;br /&gt;
&lt;br /&gt;
All three branches of government are guided by the views of the Ba'ath Party, whose primacy in state institutions is assured by the constitution. In addition, six other political parties are permitted to exist and, along with the Ba'ath Party, make up the National Progressive Front (NPF), a grouping of parties that represents the sole framework of legal political party participation for citizens. While created ostensibly to give the appearance of a multi-party system, the NPF is dominated by the Ba'ath Party and does not change the essentially one-party character of the political system. The Ba'ath Party dominates the Parliament, which is known as the People's Council (majlis ash-sha'b). Elected every four years, the Council has no independent authority. Although parliamentarians may criticize policies and modify draft laws, they cannot initiate laws, and the executive branch retains ultimate control over the legislative process. It essentially functions as a rubber-stamp for the executive authority.&lt;br /&gt;
&lt;br /&gt;
There was a surge of interest in political reform after Bashar al-Assad assumed power in 2000. Human rights activists and other civil society advocates, as well as some Parliamentarians, became more outspoken during a period referred to as &quot;Damascus Spring&quot; (July 2000-February 2001).&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;text-decoration: underline&quot;&gt;Government&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
The Syrian constitution vests the Arab Ba'ath Socialist Party with leadership functions in the state and society and provides broad powers to the president. The president, approved by referendum for a 7-year term, also is Secretary General of the Ba'ath Party and leader of the National Progressive Front. The president has the right to appoint ministers, to declare war and states of emergency, to issue laws (which, except in the case of emergency, require ratification by the People's Council), to declare amnesty, to amend the constitution, and to appoint civil servants and military personnel. Along with the National Progressive Front, the president decides issues of war and peace and approves the state's 5-year economic plans. The National Progressive Front also acts as a forum in which economic policies are debated and the country's political orientation is determined.&lt;br /&gt;
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&lt;span style=&quot;text-decoration: underline&quot;&gt;Governorates of Syria&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Syria has fourteen governorates, or muhafazat (singular: muhafazah). A governor, whose appointment is proposed by the minister of the interior, approved by the cabinet, and announced by executive decree, heads each governorate. The governor is assisted by an elected provincial council. Note that parts of the Quneitra governorate is under Israeli occupation since 1967 (see Golan Heights).&lt;br /&gt;
&lt;br /&gt;
Damascus &lt;br /&gt;
Rif Dimashq &lt;br /&gt;
Quneitra &lt;br /&gt;
Dara &lt;br /&gt;
As Suwayda &lt;br /&gt;
Homs &lt;br /&gt;
Tartous &lt;br /&gt;
Latakia &lt;br /&gt;
 Hama &lt;br /&gt;
Idlib &lt;br /&gt;
Aleppo &lt;br /&gt;
Ar Raqqah &lt;br /&gt;
Dayr az Zawr &lt;br /&gt;
Al Hasakah &lt;br /&gt;
&lt;br /&gt;
  &lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Geography of Syria&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Syria consists mostly of arid plateau, although the northwest part of the country bordering the Mediterranean is fairly green. The Euphrates, Syria's most important river, crosses the country in the east. It is considered to be one of the fifteen states that comprise the so-called &quot;Cradle of Humanity&quot;.&lt;br /&gt;
&lt;br /&gt;
Major cities include the capital Damascus in the southwest, Aleppo in the north, and Homs. Most of the other important cities are located along the coast line. (See also List of cities in Syria.)&lt;br /&gt;
&lt;br /&gt;
The climate in Syria is dry and hot, although winters are mild. Because of the country's elevation, snowfall does also occur occasionally during winter.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Economy of Syria&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Syria is a middle-income, developing country with a diversified economy based on agriculture, industry, and energy. During the 1960s, citing its state socialist ideology, the government nationalized most major enterprises and adopted economic policies designed to address regional and class disparities. This legacy of state intervention and price, trade, and foreign exchange controls still hampers economic growth, although the government has begun to revisit many of these policies, especially vis-Ã -vis the financial sector and the country's trade regime. Despite a number of significant reforms and ambitious development projects of the early 1990s, as well as more modest reform efforts currently underway, Syria's economy still is slowed by large numbers of poorly performing public sector firms, low investment levels, and relatively low industrial and agricultural productivity.&lt;br /&gt;
&lt;br /&gt;
Despite the mitigation of the severe drought that plagued the region in the late 1990s and the recovery of energy export revenues, Syria's economy faces serious challenges. With almost 60% of its population under the age of 20, unemployment higher than the current estimated range of 20%-25% is a real possibility unless sustained and strong economic growth takes off. Oil production has levelled off, but recent agreements allowing increased foreign investment in the petroleum sector may boost production in two to three years.&lt;br /&gt;
&lt;br /&gt;
Taken as a whole, Syrian economic reform thus far has been incremental and gradual, with privatization not even on the distant horizon. The government, however, has begun to address structural deficiencies in the economy such as the lack of a modern financial sector through changes to the legal and regulatory environment. In 2001, Syria legalized private banking. In 2004, four private banks began operations. In August 2004, a committee was formed to supervise the establishment of a stock market. Beyond the financial sector, the Syrian Government has enacted major changes to |rental and tax laws, and is reportedly considering similar changes to the commercial code and to other laws, which impact property rights.&lt;br /&gt;
&lt;br /&gt;
Commerce has always been important to the Syrian economy, which benefited from the country's location along major east-west trade routes. Syrian cities boast both traditional industries such as weaving and dried-fruit packing and modern heavy industry. Given the policies adopted from the 1960s through the late 1980s, Syria failed to join an increasingly interconnected global economy. In late 2001, however, Syria submitted a request to the World Trade Organization to begin the accession process. Syria had been an original contracting party of the former General Agreement on Tariffs and Trade but withdrew in 1951 because of Israel's joining. Major elements of current Syrian trade rules would have to change in order to be consistent with the WTO. Syria is intent on signing an Association Agreement with the European Union that would entail significant trade liberalization.&lt;br /&gt;
&lt;br /&gt;
The bulk of Syrian imports have been raw materials essential for industry, agriculture, equipment, and machinery. Major exports include crude oil, refined products, raw cotton, clothing, fruits, and cereal grains. Earnings from oil exports are one of the government's most important sources of foreign exchange.&lt;br /&gt;
&lt;br /&gt;
Of Syria's 72,000 square miles (186,000 kmÂ²), roughly one-third is arable, with 80% of cultivated areas dependent on rainfall for water. In recent years, the agriculture sector has recovered from years of government inattentiveness and drought. Most farms are privately owned, but the government controls important elements of marketing and transportation.&lt;br /&gt;
&lt;br /&gt;
The government has redirected its economic development priorities from industrial expansion into the agricultural sectors in order to achieve food self-sufficiency, enhance export earnings, and stem rural migration. Thanks to sustained capital investment, infrastructure development, subsidies of inputs, and price supports, Syria has gone from a net importer of many agricultural products to an exporter of cotton, fruits, vegetables, and other foodstuffs. One of the prime reasons for this turnaround has been the government's investment in huge irrigation systems in northern and northeastern Syria, part of a plan to increase irrigated farmland by 38% over the next decade.&lt;br /&gt;
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Syria has produced heavy-grade oil from fields located in the northeast since the late 1960s. In the early 1980s, light-grade, low-sulphur oil was discovered near Dayr az Zawr in eastern Syria. This discovery relieved Syria of the need to import light oil to mix with domestic heavy crude in refineries. Recently, Syrian oil production has been about 530,000 barrels per day. Although its oil reserves are small compared to those of many other Arab states, Syria's petroleum industry accounts for a majority of the country's export income. The government has successfully begun to work with international energy companies to develop Syria's promising natural gas reserves, both for domestic use and export. U.S. energy firm, ConocoPhillips, completed a large natural gas gathering and production facility for Syria in late 2000, and will continue to serve as operator of the plant until December 2005. In 2003, Syria experienced some success in attracting U.S. Petroleum companies, signing an exploration deal with partners Devon Energy and Gulfsands and a seismic survey contract with Veritas.&lt;br /&gt;
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Ad hoc economic liberalization continues to provide hope to Syria's private sector. In 1990, the government established an official parallel exchange rate (neighboring country rate) to provide incentives for remittances and exports through official channels. This action improved the supply of basic commodities and contained inflation by removing risk premiums on smuggled commodities.&lt;br /&gt;
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Over time, the government has increased the number of transactions to which the more favorable neighboring country exchange rate applies. The government also introduced a quasi-rate for non-commercial transactions in 2001 broadly in line with prevailing black market rates. Exchange-rate unification remains an elusive goal as pressure is building for Syria to harmonize its exchange rate system.&lt;br /&gt;
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Given the poor development of its own capital markets and Syria's lack of access to international money and capital markets, monetary policy remains captive to the need to cover the fiscal deficit. Although in 2003 Syria lowered interest rates for the first time in 22 years and again in 2004, rates remain fixed by law. In a positive move in 2003, Syria canceled an old and troublesome law governing foreign currency exchange; however, new regulations have yet to be implemented. Some basic commodities continue to be heavily subsidized, and social services are provided for nominal charges.&lt;br /&gt;
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Syria has made progress in easing its heavy foreign debt burden through bilateral rescheduling deals with virtually all of its key creditors in Europe. In May 2005, Russia and Syria signed a deal that wrote off nearly three-quarters of Syria's debt to Russia, approximately â‚¬10.5 billion ($13 billion). The agreement left Syria with less than â‚¬3 billion (just over $3.6 billion) owed to Moscow. Half of it would be repaid over the next 10 years, while the rest would be paid into Russian accounts in Syrian banks and could be used for Russian investment projects in Syria and for buying Syrian products.&lt;br /&gt;
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&lt;span style=&quot;font-weight: bold&quot;&gt;Demographics of Syria&lt;/span&gt;&lt;br /&gt;
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Most people live in the Euphrates River valley and along the coastal plain, a fertile strip between the coastal mountains and the desert. Overall population density is about 140 per sq. mi (54/kmÂ²). Education is free and compulsory from ages 6 to 11. Schooling consists of 6 years of primary education followed by a 3-year general or vocational training period and a 3-year academic or vocational program. The second 3-year period of academic training is required for university admission. Total enrollment at post-secondary schools is over 150,000. The literacy rate of Syrians aged 15 and older is 89% for males and 64% for females.&lt;br /&gt;
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Ethnic Syrians are an overall Semitic Levantine people. While modern-day Syrians are commonly ascribed to as Arabs â€” by virtue of their modern-day language and intrinsic bonds to Arab culture and history â€” they are in fact a blend of the various ancient Semitic groups indigenous to the region who in turn admixed with later arriving Arabs. There is also a smaller degree of admixture from non-Semitic peoples that have occupied the region over time.&lt;br /&gt;
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Syria's population is 90% Muslim and 10% Christian. Among Muslims, 78% are Sunni and the remaining 22% is devided among other Muslim groups, including the Alawi, Shi'a, and Druze. There also is a tiny Syrian Jewish community that is confined mainly to Damascus, Aleppo and al-Kamishli.&lt;br /&gt;
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Arabs (including some 400,000 Palestinian refugees) make up 90% of the population. The Kurds, an Indo-European people, constitute the largest ethnic minority, making up 10% of the population. Most Kurds reside in the northeast corner of Syria and many still speak the Kurdish language. Sizable Kurdish communities live in most major Syrian cities as well. The Assyrian Christians are also a notable minority that live in north and northeast Syria.&lt;br /&gt;
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Arabic is the official and most widely spoken language. Many educated Syrians also speak English or French, but English is the more widely understood. Armenian and TÃ¼rkmen are spoken among the Armenian and TÃ¼rkmen minorities. Aramaic, the lingua franca of the region before the advent of Islam and Arabic, is spoken among certain ethnic groups: as Syriac, it is used as the liturgical language of various Syriac denominations; modern Aramaic (particularly, Turoyo language and Assyrian Neo-Aramaic) is spoken in Al-Jazira region. Most remarkably, Western Neo-Aramaic is still spoken in the village of Ma`loula, and two neighbouring villages, 35 miles (56 km) northeast of Damascus.&lt;br /&gt;
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&lt;span style=&quot;font-weight: bold&quot;&gt;Culture of Syria&lt;/span&gt;&lt;br /&gt;
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Ancient Syria's cultural and artistic achievements and contributions are many. Archaeologists have discovered extensive writings and evidence of a brilliant culture rivaling those of Mesopotamia and Egypt in and around the ancient city of Ebla. Later Syrian scholars and artists contributed to Hellenistic and Roman thought and culture. Zeno of Sidon founded the Epicurean school; Cicero was a pupil of Antiochus of Ascalon at Athens; and the writings of Posidonius of Apamea influenced Livy and Plutarch.&lt;br /&gt;
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Syrians have contributed to Arabic literature and music and have a proud tradition of oral and written poetry. Syrian writers, many of whom emigrated to Egypt, played a crucial role in the nahda or Arab literary and cultural revival of the nineteenth century. Prominent contemporary Syrian writers include, among others, Adonis, Haidar Haidar, Ghada al-Samman, Nizar al-Qabbani and Zakariyya Tamer.&lt;br /&gt;
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Syria has a small but notable cinema industry, with production entirely in the hands of the state National Cinema Organisation, which employs film-makers as civil servants. Funding is only sufficient to produce approximately one feature film every year, and these are often then banned by the political censor, but have won prizes at international festivals. Notable directors include Omar Amirali, Usama Muhammad, and Abd al-Latif Abd al-Hamid. Syrian directors have also worked abroad, in Egypt and Europe.&lt;br /&gt;
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There was a private sector presence in the Syrian cinema industry until the end of the 1970s, but private investment has since preferred the more lucrative television serial business. Syrian soap operas, in a variety of styles (all melodramatic, however), have considerable market penetration throughout the eastern Arab world.&lt;br /&gt;
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Although declining, Syria's world-famous handicraft industry still employs thousands.&lt;br /&gt;
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Source : Wikipedia</description>
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