Mohammad Hamsho (57)

17-06-2020

Updated on June 18, 2020: The entry into force today of the Caesar Act expands sanctions on Syria and will increase challenges for the regime and the economy alike. The U.S. administration has also expanded its list of Syrians under sanctions.

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.

06-05-2020

Two extraordinary videos posted by Rami Makhlouf on his personal Facebook page have laid bare the divisions at the heart of the Syrian regime and posed a challenge for Bashar Al-Assad within the Alawite community. The Syrian president has been forced into a quick public defence of one of his most contested measures.

01-04-2020

Several influential Syrian businessmen have started using the Coronavirus crisis as a way to improve their image among the Syrian population.

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.

12-02-2020

In a very rare statement denouncing the recent legal proceedings against him, Rami Makhlouf has provided several interesting insights into his personal situation, indicating that he intends to remain active in the business scene.

11-12-2019

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

20-11-2019

The economic situation in Syria is growing increasingly chaotic as the Syrian pound continues its freefall and prices rise.

30-10-2019

The US dollar has gained almost 5 percent in the space of a month in the Syrian foreign exchange market, a confirmation that the latest plan by the authorities to prop up their currency has failed.

16-10-2019

The interest of Chinese companies in Syria, in particular for its real estate and building materials sectors, seems to be growing.

02-10-2019

An attempt by the government to push local investors to sell their dollars in order to support the Syrian pound has only highlighted the unpreparedness of the Central Bank of Syria, has little chance of success and risks alienating these businessmen.

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.

28-08-2019

Since Tuesday 27 August Damascus is full of rumours on a clampdown by Bashar Al-Assad on Rami Makhlouf, a move which, if confirmed, could signal a significant change at the helm of the Syrian regime.

24-07-2019

The government is forcing importers to sell part of the products they import to state entities at cost price in bid to limit inflation on consumer goods.

16-07-2019

The Federation of Syrian Chambers of Commerce has established a new body called the Central Committee for Exports (CCE) to promote exports only weeks after the Syrian Exporters Federation was dissolved.

12-06-2019

A plan by the government to force again exporters to hand back their foreign currency revenues to the Central Bank is creating tensions between manufacturers and traders.

29-01-2019

Samer Foz, one of 11 Syrian investors sanctioned by the EU a week ago, has taken the unusual step of going to social media to defend himself.

22-01-2019

The United Arab Emirates organized on Sunday probably the most prominent event involving Syrian businessmen outside Syria since 2011.

24-12-2018

Building contractor; building materials trading

06-11-2018

UPDATED on November 06, 2018 at 7:41 pm GMT - A new lobby of Syrian businessmen, grouping mostly investors based abroad that have kept ties with the Syrian regime, has been formed.

23-10-2018

A delegation of 50 Syrian investors led by Mohammad Hamsho participated last week in Tehran in a bilateral economic forum.

16-10-2018

The Nassib border post between Syria and Jordan, which is a strategic trading point for the whole Levant region, reopened yesterday after three years of closure.

12-07-2018

In this 2,600-word factsheet we look at China’s economic interests in Syria.

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.

20-02-2018

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.

14-11-2017

Samer Foz, the increasingly powerful and visible Syrian investor, is expanding his investment portfolio with a new venture in the pharmaceuticals sector.

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.

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.

28-03-2017

(Updated on April 16, 2020: This article stipulated that businessman George Heswani had been removed from the EU sanctions list, which is incorrect. The story was based on a false reading of a decision by the European Court of Justice. For the record and background information om Mr Heswani we are keeping the story in its original version.)

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

The European Court of Justice has confirmed the blacklisting of three key Syrian businessmen.

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.

19-04-2016

Some 70 percent of the members of parliament “elected” last week in Syria are new entrants, reflecting the important change that has affected the powerbase of the Syrian regime.

11-01-2016

The Syrian Government has rushed in recent weeks to approve various laws and decisions in the economic field.

22-12-2015

The Syrian Metals and Steel Council was established last week with the aim of lobbying for a sector that will benefit from any reconstruction drive.

02-02-2015

The European Union has blacklisted again three Syrian businessmen, including Mohammad Hamsho, after they had managed to cancel a previous listing.

16-01-2015

Our article last week on the elections at the chambers of commerce included a factual error.

12-01-2015

Updated January 16, 2015: The elections to the board of directors of the Damascus and Aleppo Chambers of Commerce at the end of last year witnessed a significant renewal of membership.

26-05-2014

Updated January 16, 2015: Jupiter Investments, a company affiliated to the Hamsho Group, is seeking to obtain a license to invest in a large coastal resort off the city of Tartous.

03-03-2014

The Ministry of Economy has re-established bilateral business councils, some eight months after they were dissolved, but only with a handful of countries allied to the Syrian regime.

21-05-2012

The table below lists the full list of the members of parliament elected during the legislative elections that took place on May 7, 2012.

Each governorate is a single constituency except for the Aleppo governorate that is divided into two constituencies, one for the city itself and one for all its rural surrounding areas.

19-03-2012

Updated on March 19: Syria’s Parliamentary elections will take place on May 7, according to a Presidential decree issued on March 13.

05-09-2011

The four businessmen and three corporations sanctioned by the European Union last week form part of a growing list of business actors that are feeling the weight of the international pressure on Syria.

29-08-2011

Samir Hassan and Nizar Asaad, two businessmen involved in various sectors of activity, were added to the latest names of Syrian individuals put under sanctions by the European Union.

08-08-2011

Last week, the Syrian President enacted the Party and Elections laws, two pieces of legislation that the authorities describe as being significant steps in the way of political reform. However, both have been received with much skepticism by the opposition.

08-08-2011

The US government has added Mohammad Hamsho, one of the country’s most powerful businessmen, and his holding firm, Hamsho International Group, to a list of individuals and institutions against which it has imposed sanctions.

27-06-2011

The European Union has for the first time imposed an asset freeze on Syrian corporations, including two owned by Rami Makhlouf and another by Mohammad Hamsho.

24-05-2011

The list of Syrian officials sanctioned by the European Union on May 23 includes businessman Mohammad Hamsho as well as several security and political figures.