Economy

16-10-2019
The government’s return to north-east Syria following the Turkish onslaught on that region is set to have an important impact on the country’s economy, in particular its energy, agriculture and trade sectors.
09-10-2019
The Central Bank of Syria has ordered a freeze on the bank accounts of Tarif Al-Akhras, one of the country’s most powerful businessmen and a relative of Asma Al-Assad, as well as on those of several other prominent businessmen, a move that seems to confirm the government’s increasing pressures on the business community.
09-10-2019
Syria's 2020 budget is forecast at SYP 4 trillion, according to a preliminary draft, although only a fraction of that money is likely to be spent.
02-10-2019
In the past few weeks, a Danish company has faced charges of supplying jet fuel to Russian forces in Syria in violation of EU sanctions, Russian entities have been blacklisted by OFAC on the same charges, while a Syrian investor saw his blacklisting confirmed by an EU court.
02-10-2019
The Central Bank of Syria has restricted further the list of imported products that it allows banks to finance, reflecting the severe shortage of dollars the country is facing.
02-10-2019
Syria and Iraq have officially reopened a joint border crossing for the first time since 2014, opening the way for a significant increase in Syrian exports.
02-10-2019
A trade centre to boost business with Crimea is opening in Damascus, while China and Iran plan to build trade centres to boost their exports to the country.
02-10-2019
An attempt by the government to push local investors to sell their dollars in order to support the Syrian pound has only highlighted the unpreparedness of the Central Bank of Syria, has little chance of success and risks alienating these businessmen.
02-10-2019
The Syrian Cabinet established on September 23 a new committee to oversee the reform of the state-owned economic enterprises, the latest of such efforts that have been ongoing for at least the past two decades.
25-09-2019
The Syrian government has appointed among its representatives to the UN-led constitutional committee one of the country’s most influential business cronies.
25-09-2019
The main opposition-affiliated development fund has announced the disbursement of money on several new projects in the Aleppo and Raqqa governorates.
18-09-2019
The reopening of a border crossing with Iraq is likely to be delayed again despite an acceleration of the preparations by the Syrian government.
18-09-2019
The 61st edition of the Damascus International Trade Fair closed its doors last week with mixed results for the Syrian government and economy.
11-09-2019
The U.S. has sanctioned new Syrian companies and individuals linked to Iran.
04-09-2019
Iraq appears to have maintained its rank as Syria’s first export market in past years, although the shortage of precise data makes it difficult to assess the exact size of this trade.

Events

SME Support Fund
Damascus Chamber of Commerce
First Forum on Eco-friendly products
Tekkiye Sulaymanieh