Economy

02-12-2020
Syrian President Bashar Al-Assad has ratified an amendment to an Iranian credit line worth USD 1 billion, removing the final barriers to the long-delayed deal and further cementing Tehran’s economic and political influence in the country.
02-12-2020
The number of positive Covid-19 cases continued to rise this week, reaching 30,920 cases across the country, up from 28,484 last week. A leading family in Suweida in southern Syria meanwhile refused to welcome a government delegation over the failure to control the pandemic and closed schools in a local village without a government order.
25-11-2020
Following a rapid spread of the Covid-19 pandemic in opposition-held parts of Syria, authorities in the country’s northeast have imposed a full lockdown for ten days to try to slow the virus’s advance.
25-11-2020
An opposition-affiliated fund financing projects in areas outside government control is launching new projects worth EUR 8 million in northern Syria, including in the agriculture and electricity sectors.
18-11-2020
The coronavirus pandemic has continued to spread rapidly in Syria, with opposition-controlled parts of Idlib and the Aleppo countryside particularly hard hit.
18-11-2020
The Syrian government said it will barter key food commodities with Tehran as difficulties with sanctions and foreign currency shortages disrupt the country’s ability to secure vital imports.
18-11-2020
The total volume of Syria’s foreign trade edged down two percent last year, while its trade deficit remained substantial, according to international trade data.
18-11-2020
Denmark has prosecuted a holding company for violating European Union sanctions by selling Russian companies jet fuel which was then delivered to Syria, Danish authorities said. A subsidiary and one of the firm’s directors were also prosecuted.
18-11-2020
Russia has allocated over USD 1 billion to restore Syria’s power network and carry out reconstruction work in other sectors, officials said at a conference in Damascus, the largest financial assistance that Moscow has proposed since the start of the crisis.
11-11-2020
The U.S. administration has added several new Syrian individuals and institutions to its sanctions list, confirming a recent acceleration in its drive to blacklist Syrian business and political actors.
11-11-2020
The coronavirus is continuing to spread swiftly in Syria, with more than 20,806 positive cases now recorded since the beginning of the pandemic, up from more than 17,900 cases last week.
11-11-2020
Syrian President Bashar Al-Assad has sought to place blame for Syria’s economic crisis on Syrians who transferred their money to Lebanese banks, portraying these transfers as a major factor alongside sanctions and other fallout from the conflict.
11-11-2020
The Syrian government has fallen short in its expenditure on investments in 2020 so far and intends to generate increased revenues through taxes, according to recent ministry statements reported in local media.
04-11-2020
Syria saw a new increase in the number of people tested positive with Covid-19 to 17,925 since the beginning of the pandemic. Northern areas in particular have seen a surge in infected people.
28-10-2020
Following a sharp rise in the price of petrol and fuel last week, the Syrian president has reduced the income tax levied on wage earners in a bid to raise net incomes but also to spare the government a much costlier salary increase.

Events

Motor Show
Damascus International Fairground
The Green Economy
Damascus Chamber of Commerce