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

News

Latest news

Covid-19 Update: Infections in Northeast Syria Surge

Syria Worst Performer in Human Development Index in Past Decade

Huawei Appoints New Managers to Syria Subsidiary

Katerji Family Expands in Syria's Tourism Sector

Power Sector Losses Estimated at USD 2.4 billion

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

Covid-19 Update: Infections in Northeast Syria Surge

Syria Worst Performer in Human Development Index in Past Decade

AANES Raises Wages as it Prepares to Implement New Tax Law

OFAC Issues Clarification Amid Growing Challenges for Aid Groups

Covid-19 Update: UAE Donates Vaccines to Syria as Positive Cases Surge

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Education

Turkish University Opens Medical Units in Opposition-Controlled North, Provoking Damascus

US Education Company Wins Rare Exemption to Offer Services in Syria

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

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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

Central Bank Governor Sacked as Syrian Pound Devalued Again

Syria Introduces New Exchange Rate for Importers as Cost of Living Soars

Syria’s Anti-Money Laundering and Terrorism Finance Body Releases Annual Report

Microfinance Data Highlights Sector’s Growing Importance

Byblos Bank Pulls Representatives from Syrian Subsidiary

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Food & Agriculture

Government Seeks to Woo Farmers by Doubling Price for Wheat, Cotton

Samer Foz to Open Syria’s Largest Sugar Refinery Amid Short-Supply

Competition Over Flour Mills Highlights Importance of Bread Supply Chain

Syrian Olive Oil Consumption Remains High Despite Falling Purchasing Power

Government Extends Rice Tender Deadline Seeking Better Offers

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Health

Defence Ministry Hospitals to Provide Services to State-Insured Clients

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

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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

Syria to Award Key Tobacco and Steel Projects to Private Companies, Including Russian Firm

Manufacturing Growth Slowed by Coronavirus, Fuel and Currency Crises

Syria’s Industrial Cities See Rise in Value of Newly Licensed Projects, Slowdown in Jobs and Construction

Currency Crisis Leads to Shortages of Paper Products Despite New Investments

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

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Media

Government Moves to Regulate Online Business to Boost Revenues

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

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Oil, Gas & Mining

Fuel Shortages Intensify as Iranian Oil Supply Disrupted

Syrian Investor Sells Stake in Gulfsands

Syria Ratifies New Offshore Oil Contract with Russian Company

Afek Ends Oil Exploration in Occupied Golan

Syria Awards Russia’s Stroytransgaz New Oil Contract, Grants Tax Waiver

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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

Power Sector Losses Estimated at USD 2.4 billion

State Media Names Contractor for Aleppo Power Plant Repair

Government Rations Power to Industrial Cities in New Sign of Crisis

Russian Firm Enters Syria’s Renewable Energy Sector

Syria Awards EUR 124 Million Contract to Restore Aleppo Power Plant

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Real Estate & Construction

Government Inaugurates First Project in Real Estate Development Area

Syria Hikes Cement Prices Again, Production Stable

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

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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

Huawei Appoints New Managers to Syria Subsidiary

Government Suspends Mobile Phone Imports to Save Foreign Currency

Government Pressure on MTN Forces Syrian Subsidiary into Curatorship

Syria's Third Telecom Licence to Be Issued in Early 2021 - Minister

MTN Exit Marks Withdrawal of Last Major Foreign Investor in Syria

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Tourism

Katerji Family Expands in Syria's Tourism Sector

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

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Transport

Lattakia Port Container Traffic Down by 25 Percent in 2020

Direct Shipping Line to Open Between Iran and Syria

China Makes Offer for Suburban Rail Project in Syria’s Badly-Damaged Railway Sector

Syrianair to Sell Aircraft

Oil Shortages Push Public Transport Fares Higher

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Water

Syria to Receive Funds from Malaysian EXIM Bank for Sewage and Water Treatment Projects

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 Eyeing Water Treatment Projects

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Keywords

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Sector

Most read news

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

Syriatel Sees Surge in Revenues, Remains Market Leader

In Bid to Reduce Government Expenses, Three State Entities Merge

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