Al-Mashrek (5)

31-03-2021

Prominent UK-based Syrian investor Ayman Asfari has sold his share in Gulfsands Petroleum to an investment firm owned by a Russian businessman, which now holds a controlling stake in the company.

05-08-2020

An American company has signed a contract with the Syrian Democratic Forces to develop oil production and marketing in northeastern Syria and has received a sanctions waiver from the U.S. administration.

17-06-2020

The management of Syriatel has effectively shifted to the Syrian government after a Syrian court granted judicial custody of the company to a state entity.

11-05-2020

The rise of Rami Makhlouf as Syria’s most prominent businessman coincided with the ascent to power of Bashar Al-Assad in 2000. Given his long history of influence within the ruling elite, Mr Makhlouf’s recent side-lining raises many questions about the potential implications of his fall from grace.

12-03-2019

A new attempt by Rami Makhlouf to cancel EU sanctions against his companies has failed.