Economics and Policy Syria has canceled an urgent tender to buy sugar two weeks after scrapping a bid to purchase wheat in the latest signs that President Bashar Assad’s government is losing its ability to buy food as civil war destroys its harvests. More from Reuters An attack by assailants on a container ship in the Suez Canal has heightened risks for merchant shipping using the vital waterway, with further threats considered likely as political turmoil continues in Egypt. More from Reuters Lebanese banks will close their businesses Wednesday in solidarity with the Economic Committees, a body that represents private sector groups, to demand the immediate formation of a Cabinet. More from The Daily Star Despite this action, the governor of Lebanon's Central Bank has reiterated his belief that the country's banking system is immune from the impact of the Syria crisis. More from The Daily
