MTN (132)

20-05-2020

The past week has seen a stunning succession of decisions, statements, appointments and resignations that illustrate the piling up of government pressure on Rami Makhlouf to silence him once and for all and restructure Syria’s telecommunications sector.

13-05-2020

Three board members of MTN-Syria resigned this week as government pressure continues to impact the telecoms sector.

11-05-2020

The rise of Rami Makhlouf as Syria’s most prominent businessman coincided with the ascent to power of Bashar Al-Assad in 2000. Given his long history of influence within the ruling elite, Mr Makhlouf’s recent side-lining raises many questions about the potential implications of his fall from grace.

29-04-2020

The past few weeks have seen renewed challenges on Rami Makhlouf’s position within the Syrian regime: a shipment from one of his companies was seized in Egypt because it contained drugs; his personal assets and those of one his companies were frozen; and the government is claiming at least one hundred billion pounds from Syriatel.

04-03-2020

The two indices of the Damascus Securities Exchange made significant gains last month after the country’s two largest banks posted positive performances in 2019.

19-02-2020

Preliminary results indicate that Syriatel and MTN-Syria maintained their respective shares of the mobile phone market after seeing revenue growth of around 20 percent.

05-02-2020

The Damascus Securities Exchange started the year with a mixed performance despite a rise in its two main indexes.

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.

18-12-2019

The government has frozen the assets of two businessmen affiliated with Cham Wings over claims that they owe millions of dollars in unpaid bills.

04-12-2019

Syria’s two stock exchange indices declined last month, reflecting investors’ negative perceptions of the economy’s prospects.

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.

06-11-2019

Despite listing three of the country’s largest companies over the past several months, total trading value in the Damascus bourse barely reached USD 1 million in October.

02-10-2019

Al-Badia Cement has received the final approval for listing in the Damascus Securities Exchange.

25-09-2019

The Syrian authorities are putting more pressure on Syriatel, the country’s largest private sector company, The Syria Report has learned.

24-07-2019

This table lists all Syrian public joint-stock companies active as of July 2019 with the value of their capital (in million SYP).

02-07-2019

The Syrian stock exchange’s main index shed almost four percent in the first six months of this year as it continues to fail at attracting meaningful interest.

19-06-2019

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

12-06-2019

Al-Badia Cement has received a preliminary approval to list its shares on the Damascus Securities Exchange.

04-06-2019

Syria’s two main stock indexes declined in May for the second month in a row.

06-03-2019

In this article The Syria Report addresses key issues raised in the debate over western sanctions on Syria and makes a number of policy recommendations.

06-03-2019

The Syrian stock exchange’s main index gained 2.26 percent last month amid low trading volumes and as interest in the Syriatel stock seems to have quickly faded.

20-02-2019

Syria’s two mobile phone operators have posted a significant increase in their 2018 profits, largely thanks to the lower annual license fee paid to the government.

20-02-2019

Damascus and Tehran are negotiating again the award of a mobile phone license to an Iranian company.

06-02-2019

In a month marked by the listing of Syriatel, almost all stocks that were traded in relatively important volumes in the Damascus Securities Exchange fell.

04-12-2018

MTN-Syria has received a preliminary approval to list its shares on the Damascus Securities Exchange, potentially opening the way for the sale of the stakes of some of the company’s main shareholders.

22-10-2018

Syriatel has received the initial approval to list its shares on the Damascus Securities Exchange.

09-10-2018

The half year results posted by Syria’s two mobile phone companies confirm the growing gap between them as Rami Makhlouf’s Syriatel now holds more than two thirds of the market.

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.

24-04-2018

While the Syrian government continues to boast of its success in covering basic expenses, including civil servants’ salaries, in practice it is mortgaging the country’s long-term economic prospects.

13-03-2018

A German company is to restart the operations of a plant it operates in Syria after years of stoppage.

20-02-2018

Syriatel and MTN-Syria have announced a new increase in their revenues last year as they continue to be important contributors to the government’s finances.

21-11-2017

The financial results of some of Syria’s largest companies show an increase in revenues across the board, albeit from very low levels.

26-09-2017

The Syrian Government’s drive to collect more revenues from its real estate properties has started to generate some results, government officials have said, as another source of revenues being considered is an increase in taxation on properties.

12-09-2017

The revenues of Syriatel, one of the country’s two mobile phone operators, surged in the first half of this year to more than twice those of its sole competitor, while the launch of a third Iranian-led operator appears to have been postponed.

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.

12-04-2017
11-04-2017

The revenues of Syria’s two mobile phone companies surged last year helped by a hike in communication rates imposed by the government.

21-02-2017

Syriatel has appointed two new directors to its board as it prepares to list in the Damascus Securities Exchange.

17-01-2017

The signing today of several economic agreements in Tehran has confirmed the heavy price Syria is paying for the support of Iran to the Syrian regime, including the transfer of phosphate mines and a maritime port to Iranian companies in addition to the control by the Revolutionary Guards of a Syrian mobile phone license.

29-11-2016

An Iranian company, in partnership with a leading regime crony, is expected to win the license to operate a mobile phone network in Syria.

08-11-2016

MTN-Syria has announced an increase in its quarterly revenues and a decrease of the licence fees it pays to the government.

25-10-2016

Despite the massive destruction of the economy, Syriatel and MTN, the country’s two mobile phone operators, continue to generate significant revenues and profits.

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.

06-09-2016

The month of August saw a slight increase in the Syrian stock market index and in the value of shares traded.

31-05-2016

Mobile phone rates have been increased significantly by the Ministry of Telecommunications, a measure that will help increase profits at Syriatel and MTN-Syria.

23-05-2016

The after tax profits of MTN-Syria surged in the first quarter of this year on the back of the discounted fee the mobile phone operators now pay to the Government.

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.

22-03-2016

Syriatel’s share of Syria’s mobile phone market increased in 2015, according to the latest data available.