Bashar Al-Assad (801)

14-04-2020

Updated on September 28: In this 4,400-word factsheet, we provide a profile of the main businesses and economic institutions affiliated with the Syrian Ministry of Defence.

06-04-2020
A 2,300-word factsheet on the Syrian activities of Stroytransgaz, the Russian company that has become the symbol of Moscow’s economic influence in the country.

01-04-2020

On March 30, the Ministry of Health announced the death of a second person from the Coronavirus, out of a total of ten positive cases, while the government added new measures to limit the spread of the virus.

01-04-2020

Several influential Syrian businessmen have started using the Coronavirus crisis as a way to improve their image among the Syrian population.

18-03-2020

The Syrian government has started imposing the first restrictive measures on public life as the potential spread of the Coronavirus threatens to have a devastating effect on the population and the economy.

11-03-2020

The full transcript of the interview of Bashar Al-Assad by Russia 24 TV Channel on March 05, 2020

04-03-2020

A strange statement by the Syrian Presidency has highlighted potential tensions within the regime’s highest circles.

04-03-2020

The Ministry of Transport has eased licensing conditions for airlines, paving the way for more investors to get involved in the sector.

26-02-2020

Despite the announcement last week of the reopening of Aleppo International Airport, no commercial flight has yet been recorded at the airport.

19-02-2020

The European Union sanctioned on February 17 several Syrian companies and individuals, including business figures from before the uprising or who emerged during the conflict and are active in sectors such as real estate and oil trading.

12-02-2020

In a very rare statement denouncing the recent legal proceedings against him, Rami Makhlouf has provided several interesting insights into his personal situation, indicating that he intends to remain active in the business scene.

12-02-2020

Khodr Ali Taher has taken over Syria’s largest billboard advertising network, confirming his rise in the business community.

29-01-2020

In this 2,700-word factsheet we provide a profile of Damascus Cham Holding, one of the largest Syrian companies that is at the heart of the controversial Marota project.

22-01-2020

Syrian authorities have announced new penalties for dealing in foreign currencies and closed more than a dozen foreign exchange companies, but also offered a more attractive rate to buy dollars. However, these moves have little chance of stopping the freefall of the Syrian pound.

15-01-2020

The Real Estate Bank has announced that it generated profits in 2019 for the second year in a row, after years of losses.

15-01-2020

Syrian President Bashar al-Assad has reportedly issued laws ratifying three contracts granting the Katerji brothers a strategic role in Syria’s oil distribution sector.

08-01-2020

The government has frozen the assets of Rami Makhlouf, a step that appears to follow previous restrictions on the once-powerful businessman, but which could still be reversed.

08-01-2020
From Damascus Airport, the President travelled to the command post of the Russian Armed Forces group in Syria, where he was met by Bashar al-Assad. The two leaders heard military reports on the situation in various regions of the country.

18-12-2019
The full transcript of the interview of Bashar Al-Assad by Phoenix Television on December 16, 2019.

11-12-2019

The full transcript of the interview of Bashar Al-Assad by Italian TV channel Rai News 24 on December 09, 2019.

The transcript is by state news agency, SANA.

11-12-2019

In this factsheet, we look at Syria’s economic relations with the United Arab Emirates.

11-12-2019

For the second time in less than two months, the Syrian government has acted against Tarif Al-Akhras, one of the country’s most powerful businessmen, although his success in reversing some earlier decisions points to his continued influence.

04-12-2019
The full transcript of the interview of Bashar Al-Assad by French Paris Match magazine on November 28, 2019.

04-12-2019

A new hotel has opened in Damascus, another sign that Syria’s tourism industry is one of the country’s few sectors able to attract even limited private investment.

27-11-2019

The Syrian President has sent parliament a draft law to ratify three contracts awarded to the Katerji brothers to build two oil refineries and develop the Banias oil terminal.

27-11-2019

The Ministry of Finance has frozen the assets and bank accounts of MTN-Syria and of several of its board members, a decision that signals that it wants to put pressure on one of the country’s largest companies.

27-11-2019

The Syrian government has significantly increased the salaries of civil servants, a move that will provide welcome short-term relief, but will also accelerate inflation and the depreciation of the currency.

21-11-2019

This text regulates rental contracts signed for residential properties before February 2001 and for commercial properties before February 2006. For rental contracts signed after these dates, it is Law No. 6 of 2001 that applies.

21-11-2019

This text regulates rental contracts signed for residential properties after February 2001 and for commercial properties after February 2006. For rental contracts signed before these dates, it is Law No. 20 of 2015 that now applies.

21-11-2019

This text amends the Conscription Law of 2007. The full text of the Law that you can read here has been corrected accordingly.

21-11-2019

This text determines the territorial waters of Syria and their use, including its exclusive economic zone. It is particularly relevant given the country's potential offshore oil and gas resources. This text is translated with its latest amendment.

20-11-2019
The full transcript of the interview of Bashar Al-Assad by Russia 24 and Rossiya Sevodnya.

13-11-2019

The full transcript of the interview of Bashar Al-Assad by Russian TV network, RT.

06-11-2019

Syrian imports of Iranian crude oil doubled in the six months through the end of September, according to recent data, increasing inventories.

06-11-2019

The text of the interview of Bashar Al-Assad by Syrian state TV on October 31, 2019.

30-10-2019

The trial of Nader Qalei in Canada will take place in May next year as the Syrian investor is expanding his investments back home.

09-10-2019

The Central Bank of Syria has ordered a freeze on the bank accounts of Tarif Al-Akhras, one of the country’s most powerful businessmen and a relative of Asma Al-Assad, as well as on those of several other prominent businessmen, a move that seems to confirm the government’s increasing pressures on the business community.

02-10-2019

The Syrian Cabinet established on September 23 a new committee to oversee the reform of the state-owned economic enterprises, the latest of such efforts that have been ongoing for at least the past two decades.

25-09-2019

The Syrian government has appointed among its representatives to the UN-led constitutional committee one of the country’s most influential business cronies.

18-09-2019

Syria’s gold market remains disrupted by tensions between goldsmiths and the Ministry of Finance, unstable prices and the spread of unmarked gold.

28-08-2019

Since Tuesday 27 August Damascus is full of rumours on a clampdown by Bashar Al-Assad on Rami Makhlouf, a move which, if confirmed, could signal a significant change at the helm of the Syrian regime.

10-07-2019

The Syrian government has taken new decisions granting more benefits to the victims of the war from the army and security services and to their families.

10-07-2019

The Real Estate Bank has announced that it is granting a loan to a contractor linked to the Ministry of Defence to build residential suburbs across Syria.

08-07-2019

This text, enacted at the beginning of 2018, establishes a protected area around the Fijeh Springs, which involves the expropriation of real estate within the immediate surrounding of the water canals that transport water from the springs to Damascus.

08-07-2019

This text, published more than a decade ago, regulates private sector investment projects licensed by the Syrian Investment Agency.

26-06-2019

The Ministry of Administrative Development has announced that it was working on a bill to require public officials to declare their assets before their appointment.