Cham Holding (151)

09-10-2019

This table lists the main companies we have identified that are linked to the eight investors whose bank accounts were frozen on October 7, 2019.

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.

18-09-2019

The 61st edition of the Damascus International Trade Fair closed its doors last week with mixed results for the Syrian government and economy.

04-09-2019

Damascus Cham Holding has posted profits last year, according to a local media.

27-08-2019

Damascus Cham Holding is kickstarting Basilia City as it launches an initial phase of studies on its landmark real estate project.

24-07-2019
24-07-2019

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

10-07-2019

The Damascus governorate intends to build around a dozen parking spaces below several public gardens in the city.

26-06-2019
19-06-2019

Damascus Cham Holding announced on June 15 that it had granted the first construction permit on the Marota City project.

12-06-2019

The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.

12-06-2019

The U.S. Treasury blacklisted yesterday 16 individuals and companies that are either Syrians or conduct a significant part of their business in Syria, including Samer Foz and several businesses associated to him.

29-05-2019

Recent discussions in the Damascus Governorate have highlighted tensions between the governorate’s executive council and its fully owned holding, Damascus Cham Holding.

22-05-2019

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.

22-05-2019

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.

03-04-2019

The Aleppo governorate is establishing a holding company to manage its assets, including developing real estate projects.

20-03-2019

One of Syria’s most prominent new business cronies has been arrested in Kuwait on charges of money laundering.

13-03-2019

The executive director of Damascus Cham Holding has resigned, citing medical reasons.

12-03-2019

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

22-01-2019

For the first time, the European Union has put sanctions on the business elite that has emerged from the Syrian war as well as on its most symbolic investment project.

24-12-2018

Several companies from the UAE are looking again at the Syrian market and sending delegations to Damascus.

17-12-2018

Chinese investors, among others, have recently been visiting the site of the Marota City project, which is struggling to attract investors and funding.

07-08-2018

A prominent UAE investor visited Damascus today, representing a rare case of an influential figure from the Gulf countries travelling to Syria since 2011.

05-06-2018

The Syrian regime is clamping down on Ayman Jaber, one of Syria’s most prominent warlords and a long-time business partner of the Assad family.

19-04-2018

In this 2,300-word factsheet we provide a profile of Samer Foz, who in the space of the past two years has risen to become Syria’s most powerful investor.

17-04-2018

Since it was established in 2016 to develop the Marota City development, Damascus Cham has established various joint ventures with private investors. Here is their list.

17-04-2018

Damascus Cham Holding has announced the signing of a new joint-venture with private investors to invest in Marota City as well as having received a license to establish the country’s first mortgage finance company.

10-04-2018

A British petroleum company has confirmed that oil continues to be extracted from its fields in northern Syria despite western sanctions.

03-04-2018

Damascus Cham Holding has been granted the right to manage all parking spaces within the city of Damascus.

27-03-2018

Rami Makhlouf is now involved in the controversial Marota City real estate development in the Mazzeh District of Damascus.

20-02-2018

AbdulRahman Al-Attar, one of the most prominent business figures of the Assad era, both father and son, passed away last week at the age of 80.

13-02-2018

Damascus Cham Holding is establishing a new joint venture with private investors to develop several properties in Marota City, the controversial large real estate project in the Syrian capital.

23-01-2018

Egyptian President AbdulFattah Al-Sisi inaugurated last week near Cairo a large textile plant by one of Syria’s most prominent industrialists, who looks set never to return to his home country.

16-01-2018

The Syrian regime is planning to extend to all of Syria a law that enables the displacement of populations from informal housing areas under the pretext of building modern real estate development projects.

16-01-2018

Updated on February 02, 2018 (see bottom for details on updates): A new Syrian investor has signed an agreement to invest in the Basatin Al-Razi real estate area near Damascus.

09-01-2018

A Syrian businessman, little heard of until recently, has signed two contracts worth hundreds of millions of dollars to participate in the development of the controversial Basatin Al-Razi project.

21-11-2017

Samer Foz has been granted the right to develop real estate properties worth hundreds of millions of dollars in the Basatin Al-Razi project in Damascus.

14-11-2017

Rami Makhlouf established earlier this year yet another company to invest in the Syrian real estate sector.

17-10-2017

The government has ordered a provisional custody on the assets of Imad Ghreiwati, one of Syria’s most prominent investors prior to 2011, a move that adds a layer of instability to investors planning to return to the country.

13-06-2017

Several prominent Syrian businessmen, under pressure by the regime, have sold their assets to members of the new business elite, a reflection of how the war is changing the Syrian business landscape.

13-06-2017

Cham Holding is expected to conclude a long-term agreement to develop a real estate project for the first time since the beginning of the uprising in 2011.

23-05-2017

The General Court of the European Union has rejected Rami Makhlouf’s legal action to cancel the sanctions imposed on him by the EU.

03-01-2017

Cham Wings, a private airliner, Russian banking executives and Rami Makhlouf-owned companies are among 23 new entities and individuals blacklisted by the American administration.

11-10-2016

The Damascus governorate is set to launch a new holding company to develop real estate projects in the capital.

11-05-2015

Financial Services, Brokerage

04-05-2015

Issam Anbouba, a prominent Syrian businessman, has seen his appeal to lift the sanctions imposed on him by the European Council rejected.

23-02-2015

Oil and gas exploration, extraction, storage and distribution

05-01-2015

Trading and manufacturing