Altoun (34)


The list below includes the names of all the individuals that have been blacklisted by the European Union since the beginning of the Syrian uprising in March 2011.


The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.


These tables list the companies that have been licensed by Syria's real estate commission.


The Ministry of Tourism has announced that after seven years of suspension works have restarted on the Yasmeen Rotana Hotel owned by Rami Makhlouf.


The United States has renewed for one more year the sanctions it has been imposing on Syria from before the popular uprising.


Two Syrian investors that were active before 2011 have announced that they intend to invest in real estate projects in the country.


Samer Foz is continuing to expand the scope of his activities as he sets-up a private airline and becomes the agent of a global commercial vehicles manufacturer.


A new private university backed by the Syrian first lady has opened its doors in the coastal city of Lattakia.


The table below lists the main car dealerhips in Syria.


The table below lists all the Syrian companies contracted by UN agencies in 2012. The data include the name of the companies, the subject of the contracts and their value.


Abdallah Dardari, Syria’s former Deputy Prime Minister, provided an estimate for the economic cost of Syria’s reconstruction during a business forum in which many of Syria’s old business faces reappeared.


The European Union has amended its blacklist of Syrian individuals and entities and issued new restrictions on Syrianair and on arms trade.


Syria has banned the import of all products with customs tariffs of more than 5 percent, a move that signals growing nervousness over the country's foreign currency reserves and also dents into the profits of many prominent businessmen that have built their wealth on import trade.


Transport of goods, livestock, containers, Cement etc.


Trading and contracting


Korean brands continued to hold a majority share of the Syrian car market in the first half of this year according to the state-owned General Foreign Trade Organisation.


Altoun Group has withdrawn from the contract it had won earlier this year to invest in, and develop, a state-owned cement plant.


On July 5 we published a limited list of car dealers in Syria. You will see below a comprehensive list of Syria’s main car dealers with the brands they represent.


Nahas Motors, a subsidiary of the Nahas Group, has become the exclusive dealer of Mitsubishi cars in Syria, adding a third global brand to its portfolio.

Updated on July 06


Altoun Group is among the fastest growing group of companies in Syria. Best known for its Hyundai car dealership, the company is also embarking in cement production. The Syria Report talks to Salim Altoun, Chairman and CEO.

The management of the Adra Cement plant, a state-owned company, will be taken over by the Altoun Group, a local firm owned by the Altoun family.


Set up of a private hospital in Tartous


Gatoson Ltd, a Chinese Holding firm, is establishing an economic zone dedicated to Chinese investments in the region of Hama.


A Syrian business delegation will be visiting Austria and Slovakia on April 28 and 30 to seek new business opportunities. 


The Ghreiwati Group has been selected to become the new agent for Jaguar cars, according to sources at Ghreiwati


Ford Motor, the second largest American car manufacturer, was investigated by the US Securities and Exchange Commission last July for operations in Syria, it appears from a letter released only on November 24th by the SEC.

The set-up of a joint Syrian-Bahraini Bank (SBB) is moving forward, following a meeting for that purpose held in Manama, Bahrain on November 28 between a Syrian delegation lead by Rateb al-Shallah, head of the Federation of Syrian Chambers of Commerce,...