The Syria Report - Economy, Business and Finance - Syria and the Middle East

News

Latest news

Chambers of Commerce Elections Mark Fading Influence of Businessmen Who Accompanied Bashar’s Rise

Government Freezes Assets of Former Influential Investors and Sons of Key Security Officer

EU Dismisses Sanctions Appeals by Makhlouf Family, Blacklists New Ministers

Surge in Oil Products Prices to Increase Inflation, Reduce Competitiveness of Syrian Enterprises

Fires Cause Widespread Destruction and Generate Donations, Including from Makhlouf

B2B

Chambers of Commerce Elections Mark Fading Influence of Businessmen Who Accompanied Bashar’s Rise

Update and Correction: Elections at Chambers of Commerce

Greek Business Delegation in Damascus

Russian Businesses Still Looking for Opportunities in Syria

Date for Damascus International Trade Fair Announced

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Economy

Government Freezes Assets of Former Influential Investors and Sons of Key Security Officer

EU Dismisses Sanctions Appeals by Makhlouf Family, Blacklists New Ministers

Fires Cause Widespread Destruction and Generate Donations, Including from Makhlouf

Covid-19 Update: Some 11,000 Covid-19 Cases Officially Reported in Syria

Syrian Delegation Visits Moscow to Accelerate Economic Deal, but Possible Loan Faces Hurdles

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Education

Iran Signs Deal to Spread Persian Language in Syria

New Turkish University to Open Branches in Northern Syria

Turkey to Open University Campus in Northern Syria

Turkish University to Integrate Students from Northern Syria

Iran Seeking to Expand in Syria’s Education Sector as Government Stops Investments

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Features

The Future of Damascus: Economic Liberalization and Urban Reorganization

China and Syria Restart an Old Relationship

Iraqi Refugees: A Boon to The Syrian Economy?

Editorial: Syria and Lebanon: A Complicated but Interdependent Relationship

Where Will Syria Stand in a Few Years Time?

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Finance

Official Data Provides Rare State Bank Numbers, Confirms Surge in Government Borrowing

Stock Market Update – September and Q3 2020

Central Bank Repays CDs

Central Bank Allows Resumption of Lending

SRTF Launches First Revolving Credit Programme in Northeast Syria

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Food & Agriculture

Government Doubles Cotton Procurement Price in Bid to Attract Farmers

Syria's Citrus Production at Lowest Level in Years

SGE Seeks to Procure Wheat from EU Countries Amid Import Difficulties

SGE Issues New Milling Wheat Tender

Shortages and Currency Depreciation Hike Prices of Fodder Products

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Health

Iran Stops Flights to Syria as Coronavirus Rumours Spread in Damascus

Syria Says All Coronavirus Cases Tested Negative So Far

Samer Foz Absent from Launch of His Pharmaceutical Plant

Government Seeking Ways for Partial Disinvestment from Health Sector

Ten Pharma Plants See Licence Revoked

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Legal

Report Provides Data on Trademark and Industrial Design Registrations

Trademarks Registration Numbers Remain Stable

Increase in Official Publication Fees in Syria

New Law Defines Tasks of Notary Public

AGIP Adds Syria to Patents Database Service

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Manufacturing

Currency Crisis Leads to Shortages of Paper Products Despite New Investments

New Contract Between Syrian and Iranian Companies Funded by Tehran’s Credit Line

Car Production Suspended as Government Maintains Import Ban

Syria Lifts Import Tariffs on Many Manufacturing Inputs

Programme to Help Aleppo Manufacturers Unlikely to Succeed

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Media

Advertising Market Impacted by Shift Among Powerful Regime Figures

Syrian Advertising Markets Remains Very Small

Information Ministry to Tax Online Advertising as Market Shifts

Al-Waseet Closes Over Decline in Market, Spat Among Shareholders – Report

United Group Reports Stagnant Sales

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Oil, Gas & Mining

Surge in Oil Products Prices to Increase Inflation, Reduce Competitiveness of Syrian Enterprises

Government Raises Price of Unsubsidised Petrol by Nearly Half

Gas Pipeline Blast in Hassakeh Highlights Continuing ISIS Presence

Syria's Gas Production Exceeds 18 Million CBMD

U.S. Company Investment in Syria’s Oil Sector Cements SDF Control Over Northeast Syria

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Politics

Note to Our Readers

Assad Says Extremists Escaping Into Lebanon as Beirut Embassy Plans Shelved

"We Need an Opposition Away from Ideology and Closer to People's Issues."

Iraqi-Majority Damascus Suburb Burns After Deadly Dispute

Human Rights Worst Since 2000 Says Report as Islamists Sentenced Under Law 49

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Power

Israeli Company Secures Funding for Golan Wind Project

Capital and Know-How Shortage Hampers Power Sector Development

Israel Expands Energy Investments in Occupied Golan Heights

Turkey to Supply Electricity to Idlib

Repair of Suweidiyeh Turbine to Have Little Impact on Electricity Supplies

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Real Estate & Construction

Construction Costs Continue to Rise After 50-Percent Cement Price Hike

Government Cancels Precautionary Asset Seizure for Hundreds of Daraa Opposition Figures, Though Thousands Remain

Fayhaa Area to Become Potentially One of Damascus’s Largest Suburbs

Home Seizure in Northern Syria Highlights Potential Role of Turkish Foundation in Violation of Property Rights

After Positive 2019 Results, Al-Badia Posts Significant Losses in First Quarter

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Retail & Trade

More Bad News for Makhlouf as Duty-Free Markets Offered for Investment

Decline in Free Zones Revenues Indicates Worrying Trend

Trade with Turkey Declines While Oil Imports from Lebanon Increase

Government Decision Increases Transit Cost Through Syria

New Data for Free Trade Zones

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Telecoms & IT

MTN Exit Marks Withdrawal of Last Major Foreign Investor in Syria

In Another Blow, Rami Makhlouf Loses Control of Syriatel’s Management

Government Piling Pressure on Makhlouf and MTN

Pressure on Phone Companies Suggest Possible Change in Structure and Ownership

Syriatel, MTN Post Growth

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Tourism

Katerji Family Opens First Hotel in Aleppo

Tourism Ministry Becomes First Syrian Ministry to be Blacklisted by OFAC

More than 200,000 Passports Issued Annually in Syria

Upscale Tourism Investments Unlikely to Take Off

Disputes over Two Large Tourist Resorts Confirm Poor Syrian Business Environment

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Transport

Syrianair to Sell Aircraft

Oil Shortages Push Public Transport Fares Higher

Iran Fails to Control Lattakia Port

Sanctions, Currency Shortage to Hinder Harasta Electric Bus Station Project

Some 25,000 Syrian Sailors Eligible to Work On Panama-Flagged Ships

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Water

Khabour Dam Irrigates Land for First Time in Decades as Euphrates Flows Drop

Government Announces Water Projects in Raqqa

Syria to Expand Water Bottling Capacity

Malaysian Company Invests in Syria’s Water Sector

Malaysian Company Eyeing Water Treatment Projects

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Keywords

Articles that include

Sector

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Ten Years of Syria Report

Increase in Official Publication Fees in Syria

Trademarks Registration Numbers Remain Stable

Government Increases Significantly Medicines Prices, Reducing Further Purchasing Power of Population

Correction: Elections at Chambers of Commerce

The Banking Sector at the Forefront of Syria’s Economic Reform

Combating Unemployment, an Urgent Task for the Syrian Government

First Case of H1N1 Reported in Opposition Areas

Wadi Barada Battle Not Only About Water Supplies

New Weekly Funded by Powerful Local Investor Starts Publishing In Damascus

Syrian Universities Rank Poorly in Global Index

Syrian Investor Plays Key Role in Large Online Retail Business Deal

In Bid to Reduce Government Expenses, Three State Entities Merge

Syriatel Sees Surge in Revenues, Remains Market Leader

Syria’s Internet Subscription Costs Rise 20pc

After Two Months Suspension, Water Supplies Resume in Aleppo

Decline in Sales of Media Group Highlights Impact of War on Syrian Companies

Raqqa Chamber of Commerce Holds First Meeting in Four Years

Egyptian Industrial Group Changes Name of Affiliates in Bid to Distance Itself from Syrian Market

Fleeing Conscription, Men Now Form Majority of University Students