The United Arab Emirates has approved the resumption of direct flights to its airports by Syria’s two airlines in a boost for the country’s aviation sector that will also ease Damascus’s isolation.
A new electric vehicle manufacturer in Syria has partnered with a microfinance lender to sell its products to an increasingly impoverished population, seeking to capitalise on a growing need for alternative means of transportation amid chronic fuel shortages.
Syrian President Bashar Al-Assad has legalised ride-hailing businesses as chronic fuel shortages strain the country’s public transportation system.
Container traffic at Lattakia port fell by 25 percent last year, according to official data from the private-sector company managing the terminal, in an indication of how heavily the coronavirus pandemic has weighed on economic activity in Syria.
Tehran plans to launch a direct shipping line with Syria in March, according to Iranian media, in a further sign of Iran’s efforts to expand its economic influence in the country.
A Chinese state-run company has made an offer to finance, build and develop a railway project that would link the Syrian capital with its suburbs through four rail lines, state media reported this week.
Syrianair has issued a tender to sell one of its aircrafts. Western sanctions mean the list of potential buyers is small.
A shortage of oil products is leading to a steep increase in public transport fares across Syria. In Aleppo, Damascus and other major cities, ticket prices are increasing by around 50 percent, eating into the population’s meagre purchasing power.
The Syrian Cabinet has agreed to extend for five years the contract with the company managing the container terminal of Lattakia’s port, a local daily has reported.
The Damascus Countryside governorate has granted a 3.5-hectare property to an unidentified investor as part of a contract to build an alternative-energy bus station outside the capital. But the plan does not seem realistic in light of technical and logistical constraints.
A decision by Panama will allow thousands of Syrian sailors onboard ships that raise its flag, according to the Syrian Ministry of Transport.
Syria’s two airlines have headed in opposite trajectories in recent weeks, possibly partly because of the rift between Rami Makhlouf and the Syrian president.
An 80-km section of the M4 highway was reopened on May 25 between the towns of Tal Tamer and Ayn Issa, enabling a resumption of passenger and cargo traffic.
Traffic at the Lattakia port container terminal dropped in 2019 for the first time in four years, indicating a negative trend in Syria’s trade activity.
The US Treasury's Office of Foreign Assets Control (OFAC) has announced a settlement with SITA Airline Technology, an IT company providing services to the airline industry, over a breach of sanctions imposed on countries including Syria.