The Syrian government granted last month the first banking licence in more than a decade to a murky group of investors including some with links to the Katerji family.

A new electric vehicle manufacturer in Syria has partnered with a microfinance lender to sell its products to an increasingly impoverished population, seeking to capitalise on a growing need for alternative means of transportation amid chronic fuel shortages.

The U.S. Department of Treasury has reached a USD 34,328 settlement with MoneyGram for apparent violations of sanctions programs, including transactions involving Syria it processed for two individuals.

Insurance premiums increased by 37 percent in Syria last year as insurers raised prices to keep pace with inflation.

Bilateral trade between Syria and Lebanon fell 37 percent last year, hit by the ongoing economic crisis in Lebanon compounded by the impact of the coronavirus pandemic and sanctions.