Four Seasons Hotel (59)

19-06-2019

The table below lists the Syrian companies contracted by UN agencies in 2018.

19-06-2019

Four Seasons, the company that managed the most luxurious hotel property in Damascus and a symbol of the liberalisation of the Syrian economy under Bashar Al-Assad, has announced that it was leaving the country.

19-06-2019

The dollar has crossed the 600 level in the Syrian foreign currency market as the pound fell to its lowest level in three years.

19-06-2019

UN agencies operating in Syria have increased by some 20 percent the value of the contracts awarded last year to Syrian companies.

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.

24-12-2018

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

07-08-2018

United Nations agencies contracted Syrian companies for more than USD 160 million of goods and services last year, UN documents show.

07-08-2018

The table below lists all the Syrian companies contracted by UN agencies in 2017. The data include the name of the companies, the subject of the contracts and their value.

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.

20-03-2018

Damascus’ landmark Four Seasons Hotel is now the property of one of the country’s most powerful businessmen.

30-01-2018

A Kuwaiti-based company has announced the purchase of a plot of land outside Damascus, in a very rare case of an investment by a Gulf company in Syria since 2011.

31-10-2017

Russian investors are increasingly eyeing Syria’s land and real estate properties, which are among the few valuable assets the Syrian regime can still hand over to its cronies and allies.

08-08-2017

The table below lists all the Syrian companies contracted by UN agencies in 2016. The data include the name of the companies, the subject of the contracts and their value.

08-08-2017

Syrian companies were awarded dozens of millions of dollars from UN organizations last year including millions that went to companies owned by individuals under western sanctions and linked to regime militias.

20-06-2017

The launch of a new car assembly plant in Syria, the second in the space of four months only, has served to highlight the steady rise to prominence of an increasingly powerful businessman.

06-09-2016

The table below lists all the Syrian companies contracted by UN agencies in 2015. The data include the name of the companies, the subject of the contracts and their value.

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.

03-05-2016

The table below lists all the Syrian companies contracted by UN agencies in 2014. The data include the name of the companies, the subject of the contracts and their value.

06-05-2013

A new case of sanction-breaching delivery of technology equipment to the Syrian authorities has been revealed by the New York Times.

18-01-2012

The Ministry of Tourism has cancelled the management contracts of Dedeman Hotels, a Turkish operator, for two of the country’s leading 5-star properties, including one in Damascus.

04-07-2011

The week of June 27 marked a sea change for the Syrian protest movement. At the start of the week, 190 opposition members met for the first time in public in Damascus. In response to the meeting, Syrian President Bashar al-Assad set July 10, 2011 as the start date for national dialogue.

31-05-2011
20-04-2011

Nasser al-Kharafi, the Chairman of the Kuwaiti Kharafi Group that has large interests in Syria, died in Egypt on April 17 of a heart attack.

20-04-2011
22-03-2011

Costa Coffee, a global chain of cafés, has closed most of its outlets in Damascus, citing operational losses.

28-06-2010
Arafeh Holding, a local manufacturing and trading group, mainly specialized in pharmaceutical products is diversifying into the hospitality sector.
21-06-2010
Segafredo Zanetti, an international coffee and coffee shop brand, has added two new outlets in Syria, the firsts outside Damascus.
26-04-2010

The Kuwait Syrian Holding is to start works on a new USD 90 million real estate development in Yaafour, its CEO said.

22-03-2010

Nesco Group S.A, Kempinski Hotels’ strategic partner in Syria, has denied that the luxury hotels management chain was withdrawing from the Syrian market.

15-03-2010

The Four Seasons Hotel in Damascus continued to be among the most profitable properties managed by Kingdom Hotel Investments, its main shareholder, in spite of a decline in occupancy rates and in average revenues per room.

01-03-2010
Kempinski Hotels has announced that it has cancelled the contracts for the management of three properties in Damascus.
19-10-2009
The Italian Trade Commission in Damascus is organizing an Italian – Syrian Economic Forum on October 31.
12-10-2009

Damascus had the 3rd most expensive retail rents in the Middle East according to a recent survey. 

20-07-2009

Works on the Kiwan Hospitality project have still not begun two years after the announcement of the launch of the project.

15-03-2009

The Four Seasons Hotel in Damascus posted another excellent performance in 2008, according to the annual report of Kingdom Hotel Investments, its mother company.

12-01-2009

Dedeman Hotels expects to increase the occupancy rates of the three new hotels it is managing in Syria, according to its country manager, Birol Kaymas.

09-06-2008
The Four Seasons Hotel in Damascus has hired a new General Manager, according to a press release from the company.
28-04-2008

The Four Seasons Hotel in Damascus posted a significant hike in activity in 2007 and was a major growth drive for Kingdom Hotel Investments, its majority owner.

02-12-2007

Saeb Nahas, the Chairman of the Nahas Group was ranked Syria’s richest man, in a recent survey on the wealthiest Arabs.

29-10-2007

Kempinski Hotels will manage three hotels in the city of Damascus between 2008 and 2010, following an agreement with the NESCO Group of Saudi Arabia.

09-07-2007

The U.S. Securities and Exchange Commission (SEC) issued on July 2 a list of international firms active in state sponsors of terrorism, including Syria.

19-06-2007

The Saudi Prince has announced that he met Syrian President, Bashar Al-Assad, in a private meeting in Lattakia on June 13.

18-06-2007
Bank Audi Syria (BAS) has announced that it had started a programme to provide credit to Syrian SMEs and liberal professions.
28-05-2007
Kempinski Hotels has signed contracts to manage two hotels under its brand in Syria, according to Duncan O'Rourke, Regional Director
26-02-2007

Mohamed Abdulmohsin Kharafi and Sons of Kuwait (Kharafi) has started operations of Syria’s first radio taxi project in Damascus known as Star Taxi.

08-01-2007

Mohamed Abdulmohsin Kharafi and Sons Company of Kuwait (Kharafi) has formally signed the contract to develop a major tourism site in Damascus at a cost of USD 217 million

17-04-2006

Syria will be offering 80 new sites for developments to local and foreign investors in the upcoming Tourism Investment Market to be held between the 26th and 29th of April.