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Powerful Assad Cousin Divests of Holdings

HeadlineJun 17, 2011

In a nod to the Syrian opposition, a cousin of President Bashar al-Assad’s who’s considered Syria’s most powerful economic figure has announced he is divesting from his wide business interests. State television says Rami Makhlouf will give up his holdings in fields including telecommunications, construction and oil, and donate his profits to charity.

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