EU Sanctions (59)

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.

06-03-2019

The European Union has updated its Syria sanctions list with seven new members of the government.

13-02-2019

Aman Holding has reportedly significantly raised its capital as it seeks to fund its expanding business.

06-02-2019

Samer Foz has announced the set-up of a new project in the coastal area.

05-02-2019

Syria and Iran signed last week in Damascus a string of new economic agreements, although very little details have emerged, casting doubts about their significance.

05-02-2019

The Syrian pound is resuming its downward slide and has already lost some six percent of its value relative to the dollar since the beginning of the year.

30-01-2019

Syria plans to continue to buy large volumes of wheat from global markets this year, a government official has said.

30-01-2019

European sanctions inflicted last week on several Syrian investors and companies are disrupting more than expected their business activity.

22-01-2019

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.

08-01-2019

Airline traffic to Damascus is likely to increase in the next weeks and months as Gulf countries rebuild ties with the Syrian government.

24-12-2018

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

18-12-2018

The EU General Court has upheld the blacklisting of Makhlouf family members and of Syriatel, one of Syria’s largest private sector companies and property of Rami Makhlouf.

18-12-2018

Syria’s steel industry is struggling to increase production as demand remains low and limited construction works take place in the country.

24-07-2018

Updated on July 26, 2018 (see bottom of article): Two cargo ships transporting wheat from Crimea to Syria have been delisted from registries, while a Makhlouf-related businessman has been removed from the EU sanctions list.

19-06-2018

Rami Makhlouf has failed in an appeal to lift EU sanctions imposed on him in 2011.

29-05-2018

The European Union has extended one more year its economic sanctions on Syria.

22-05-2018

A Syrian investor, despite being a close associate of Samer Foz, has seen his assets frozen by the Syrian government for the second time in the space of five years.

27-03-2018

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

27-02-2018

The European Union has added two Syrian government members to its blacklist, the first such addition in months.

12-09-2017

The Syrian government announced last week that a Greek-Italian consortium had begun works on a new power plant in Deir Ali near Damascus, in what is likely the largest ongoing engineering project in the country, although how it plans to pay for it remains a mystery.

18-07-2017

The European Union has added 16 Syrian individuals who are mostly affiliated with its chemicals programme to its sanctions list.

30-05-2017

A British oil company that has rights over oil fields located in northeast Syria has said that production at these fields has increased significantly since the beginning of the year although it receives no revenues from them.

11-04-2017

The European Union has lifted its sanctions on a Syrian company that was accused of carrying oil trade with the government, citing insufficient evidence.

21-03-2017

The European Union has blacklisted four Syrian senior officers for their alleged role in the use of chemical weapons against civilians.

18-10-2016

The deputy minister of foreign affairs of the Czech Republic visited Damascus last week in a rare visit by a high ranking European official since the beginning of the uprising.

30-08-2016

The UN has been granting dozens of millions of dollars to companies associated with the regime, a report from The Guardian has found.

18-07-2016

The Syrian President has appointed two new governors to the provinces of Suweida and Damascus Countryside, including a retired officer under EU sanctions.

03-05-2016

The United Nations agencies based in Damascus have contracted dozens of Syrian companies to supply them with goods and services worth hundreds of millions of dollars in the past years.

22-03-2016

Ayman Asfari, one of Syria’s wealthiest individuals, has reportedly bought a significant stake in a company with significant oil assets in Syria and which includes among its other shareholders one of the regime's most powerful business tycoons.

10-11-2014

Adib Mayaleh, the governor of the Central Bank of Syria, who also answers to the French name of André Mayard, lost a bid to remove sanctions imposed on him by the European Union.

27-10-2014

A bilateral meeting by members of the Syrian and Russian governments in Sochi last week failed to reach an agreement on a USD 1 billion loan by Moscow, according to various reports.

20-10-2014

Three years after the Syrian air force began bombing its own towns, the EU has decided to ban jet fuel and additives exports to Syria because “they are being used for indiscriminate air attacks against civilians.”

16-06-2014

Shares in Syria International Islamic Bank gained last week and attracted investors’ interest on the back of the removal of the company from the European Union sanctions list.

17-03-2014

A European court has rejected the appeal by Bushra Al-Assad, the sister of Syrian President Bashar Al-Assad, against the sanctions imposed on her by the European Union.

14-05-2012

Syria is facing a renewed cooking gas shortage due, according to the Minister of Petroleum, to EU sanctions on the industry.

28-03-2012

Total’s production of oil and gas in Syria rose 35 percent last year on the back of rising gas output before international sanctions forced the French company to suspend all activities.

01-03-2012

Syria’s stock market index fell by 1.69 percent this week, its steepest weekly decline in three months in the wake of EU sanctions on the Central Bank of Syria and a continued deterioration in the political and economic environments.

27-02-2012

The European Union imposed today new sanctions on Syria including a freeze of the assets of the Central Bank and a ban on cargo flights.

13-02-2012

Updated February 13: The European Union plans to impose new economic sanctions on Syria threatening to reduce further the Government’s foreign currency earnings and the country’s links with the outside world as diplomatic pressure piles on Damascus.

31-01-2012

Updated February 6: Gulfsands Petroleum has said that drilling operations in the Khurbet East 102 well had encountered oil and gas with total recoverable reserves estimated at around 19.2 million barrels of oil equivalent and that it would now stop all activities in Syria.

30-01-2012

Mehran Khwanda, the main shareholder and head of the Khwanda Group, has announced his resignation from the board of directors of Bank of Syria and Overseas, following his inclusion in a blacklist issued by the European Union last week.

30-01-2012

Mehran Khwanda, the main shareholder and head of the Khwanda Group, has announced his resignation from the board of directors of Bank of Syria and Overseas, following his inclusion in a blacklist issued by the European Union last week.

23-01-2012

Croatia’s INA Naftaplin has denied press reports that its mother company, MOL, was considering the sale of the company’s assets in Syria.

26-12-2011

Gulfsands Petroleum has announced that it was continuing exploration works in Syria only a few days after announcing its suspension of production activity.

06-12-2011

Total of France has stopped oil production in Syria in compliance with recent EU sanctions as a growing number of international companies operating in the country are considering taking similar steps.

05-12-2011

Al-Watan, Syria’s only private sector political daily, was included in a list of entities put under sanctions last week by the European Union.