The Syrian government has ordered the irrevocable seizure of all the assets Lebanese Prime Minister Saad Hariri may have in Syria.
The expected reopening of the Syrian-Jordanian border crossing will bring significant benefits to the Syrian economy.
Despite promises by the Syrian authorities that the number of checkpoints on the country’s roads would be reduced, some new ones are being established, leading to an increase in costs for producers and consumers alike.
Syria’s inflation was 50 percent in October, the last month for which data is available, a very high rate but still a decrease relative to previous months.
The participation of Iranian and Russian companies to the Damascus International Trade Fair has given the opportunity for these two countries to push further their economic and business interests.
On Thursday, the Damascus International Trade Fair will reopen after a 5-year hiatus as the Syrian regime attempts to bring back foreign investors and promote a return to normalcy.
Following popular and political pressures, the Syrian authorities have been forced to reopen the Bakdash ice-cream store, only days after its “final” closure.
Syria’s trade with two of its neighbours remained mostly unchanged in the first half of this year, official data indicate.
Syrian companies were awarded dozens of millions of dollars from UN organizations last year including millions that went to companies owned by individuals under western sanctions and linked to regime militias.
Updated on August 22, 2017: The latest inflation data indicate that the rate of price increases was stable but still very high in the fall of last year.
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The closure of one of the oldest shops in the traditional Hamidiyeh Souk in Damascus has highlighted the widespread suspicions generated by government decisions in the economic field.
The Syrian government announced last week the allocation of billions of pounds to the Homs province almost exclusively dedicated to communities supportive of the regime and areas inhabited by religious minorities.
The European Union has added 16 Syrian individuals who are mostly affiliated with its chemicals programme to its sanctions list.
ESCWA estimates that the losses in physical capital incurred by Syria in the past six years amounts to USD 100 billion.


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