Cham Holding (165)

18-03-2020

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.

04-03-2020

The Damascus governorate has awarded three new building permits in the Marota City development, although all are for individual buildings.

04-03-2020

Cham Palaces and Hotels, Syria’s largest five-star hotel chain, said its revenues increased last year, thanks largely to a rising number of foreign tourists.

26-02-2020

The government’s plan to rebuild the Qaboun industrial area is facing stiff resistance from business owners, who have voiced rare public criticism of the project.

19-02-2020

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.

19-02-2020

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.

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

The Central Bank of Syria has expanded the use of a devalued exchange rate as it seeks to lower pressure on the pound in the black market.

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.

08-01-2020

The Damascus Governorate has issued two new construction permits in Marota City over the last couple of weeks, raising them to four in total.

08-01-2020

The year 2019 came to a disappointing close for the Damascus Securities Exchange, which saw its main index decline for the first time in four years.

11-12-2019

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

11-12-2019

The government approved on November 27 the construction of what it calls an eco-garden and tourism project on one of the largest empty plots of land in Damascus, an initiative that will lead to the expulsion of several dozen families.

11-12-2019

The second construction permit for a building in Marota City has been awarded, according to the project’s official Facebook page.

27-11-2019

Cham Holding, one of Syria’s largest holding companies, is reportedly selling shares owned by a prominent stakeholder.

13-11-2019

The Syrian government has announced that it is generating money from property it owns in Lebanon and is seeking to retake possession of land it has owned in Jordan and Saudi Arabia since the time of the Ottoman Empire.

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

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 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.

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.