Economy

26-08-2020
The Syrian government has reportedly awarded Ihab Makhlouf the contract to manage seven duty-free markets on the country’s border areas just a few weeks after cancelling a similar contract with his brother Rami, according to local and regional media outlets.
12-08-2020
The Beirut blast will have a limited impact on Syria’s imports and economic activity. The government and a Russian company are seeking to promote the ports of Tartous and Lattakia as a viable alternative.
12-08-2020
A well-respected Syrian doctor has estimated that the number of people infected with Covid-19 could be as high as 150,000 in Damascus and its environs alone — more than one hundred times the official estimate for the whole of Syria.
12-08-2020
Since the end of June, several subsidised food commodities are no longer being sold by the Syrian Trade Establishment because of various difficulties importing these products. If the problem remains unresolved, the food security of more Syrians will be in danger.
05-08-2020
The government is continuing its efforts to weaken Rami Makhlouf by putting one of his main companies under judicial custody. The company, Cham Holding, was at one point Syria’s largest holding and includes some 70 prominent businesspersons among its shareholders.
05-08-2020
The Covid-19 pandemic is reaching worrying proportions in Syria, where hospitals appear saturated, and the number of people infected and dying is growing by the day.
29-07-2020
The Covid-19 pandemic is spreading further in Syria and appears to be getting out of control as the number of people infected increased by almost a third in the space of a week.
29-07-2020
The U.S. Administration has blacklisted Hafez Al-Assad, Bashar Al-Assad’s son, as part of a new list of names put under sanctions.
22-07-2020
United Nations agencies directly awarded Syrian companies some USD 200 million worth of contracts in 2019, an increase of three percent over the previous year.
22-07-2020
The spread of the Coronavirus is accelerating in Syria, although the government said that the dire economic conditions exclude a new lockdown.
22-07-2020
Parliamentary elections held in Syria on July 21 have highlighted the rising influence of warlords at the expense of some more traditional supporters of the regime.
15-07-2020
OFAC has sanctioned Amazon for allowing shipments to Syria. The U.S. company is one of several institutions to face sanctions in recent years for Syria-related transactions.
15-07-2020
An attempt by two Syrian businessmen to lift sanctions imposed on them by the European Union failed after their appeal was rejected by an EU court this month.
15-07-2020
Recent reports from across Syria have confirmed that the spread of Covid-19 has increased in pace. This did not prevent the government from ordering the reopening of its international borders after months of closure, however.
08-07-2020
The devaluation of the Syrian pound has had an immediate impact on the cost of food products as the government announced a roughly 50-percent increase in the price of sugar and rice, two important elements of Syrians' diets.

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