Assad's tycoon cousin to quit business
Syrian tycoon Rami Makhlouf, a cousin of President Bashar al-Assad and focus of anti-corruption protests, is quitting business, state media said, in a major concession to demonstrations against Assad's rule.
The announcement came on the eve of weekly Muslim prayers, which have usually witnessed the biggest protests and the heaviest bloodshed of the three-month unrest, and as army units circled two towns in the north of the country.
Makhlouf controls several businesses including Syria 's largest mobile phone operator, duty-free shops, an oil concession, airline company and hotel and construction concerns, and shares in at least one bank.
He has been subject to US sanctions since 2007 for what Washington calls public corruption, as well as EU sanctions imposed in May, but repeatedly maintained he was a legitimate businessman whose firms employ thousands of Syrians.
A childhood friend of Assad who has expanded his business since the president assumed power 11 years ago, Makhlouf will channel his wealth into charity and development projects, according to state media.
"As for his businesses, they will be directed so that they ... create jobs and support the national economy. He will not enter into any new project that [brings] him personal gain," Syrian television said.
State news agency Sana quoted Makhlouf as saying he will put his 40% holding in Syriatel up for sale in an initial public offering, with profits allocated to humanitarian work and families of those killed in the unrest.
Syrian rights groups say 1,300 civilians and more than 300 soldiers and police have been killed since protests broke out in March against 41 years of rule by the Assad family.
The UN secretary-general, Ban Ki-moon, said he had spoken to Assad and urged him to halt the violence.
"I again strongly urge President Assad to stop killing people and engage in inclusive dialogue and take bold measures before it's too late," Ban told reporters in Brazil.
Syrian forces, which retook the rebel town of Jisr al-Shughour near the Turkish border on Sunday, have circled two nearby towns on the main north-south road linking Damascus with the second city of Aleppo.
Army units "have deployed near Khan Sheikhoun and Maarat al-Numaan to ensure the safety" of the highway, Sana said.
Thousands of refugees have fled into neighbouring Turkey, many of them from Jisr al-Shughour, but residents have also reported an exodus from Maarat al-Numaan in anticipation of an army assault there.
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Turkish investors have spoken nervously about their investments in a country once seen as one of Turkey's most successful partners at economic cooperation. European countries, long viewed as another source of investment, have imposed wide-ranging

Thousands of refugees have fled into neighbouring Turkey, many of them from Jisr al-Shughour, but residents have also reported an exodus from Maarat al-Numaan in anticipation of an army assault there. The Turkish foreign minister, Ahmet Davutoglu,
These are spread across the UK, Germany, France, Italy, Spain, Portugal, Russia, Turkey, the Netherlands, and Switzerland. One of the venues, Hotel Indigo York, will create a number of hotel jobs in the North Yorkshire city when it opens in summer 2012
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Ziad Bahaa el-Din, a former head of Egypt's investment authority who is now running for parliament, says that in his village 400km (250 miles) south of Cairo the young men have lost their hotel jobs and now sit around in the coffee house,
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