Rami Makhlouf (316)

16-12-2013

Syriatel Telecom posted stable revenues in the first nine months of this year as profits, excluding unrealized foreign exchange gains, fell 40 percent.

04-11-2013

Cham Capital has announced the name of its new general manager.

10-06-2013

The Syrian President has named new members for the National Information Council, which formally acts as the regulator of the Syrian media industry.

10-06-2013

Daman Cham, an investment bank and brokerage house, has announced the resignation of its general manager.

03-06-2013

Cyprus announced last week that the citizenship it had granted to Rami Makhlouf in 2011 had been definitively revoked.

27-05-2013

Rami Makhlouf was re-elected as chairman of the board of Syriatel during the company’s general assembly held last week.

01-05-2013

Rami Makhlouf has resigned from the board of Syriatel, the company he founded and that came to symbolize in the last decade his role as Syria’s most powerful businessman.

29-04-2013

Revenues and profits rose marginally last year at Syriatel, one of Syria’s two mobile phone operators.

10-04-2013

For the first time in years Gulfsands Petroleum derived no revenues from its Syria operations in 2012, the company's chairman said in a note to shareholders.

11-03-2013

Syriatel has announced that its largest shareholder, Rami Makhlouf, was giving up his shares in the company to a new entity dedicated to humanitarian and developmental projects, although Mr Makhlouf owns the majority of the shares of that new entity.

19-02-2013

The assets of Mourtada Dandashi, a Syrian investor in the financial and real estate sectors, have been frozen by the Syrian government on claims that he finances “armed terrorist groups,” the expression the authority use to describe opposition activists and rebel forces.

24-01-2013

Two financial firms held together more than half of the brokerage market share in the stock exchange last year as the volume of trading fell 82 percent on an annual basis, according to data published by the DSE.

22-10-2012

The European Union has amended its blacklist of Syrian individuals and entities and issued new restrictions on Syrianair and on arms trade.

27-08-2012

The US Treasury has announced that it was removing the name of Riad Hijab, Syria’s former Prime Minister, from its list of officials facing an asset freeze and travel ban.

30-07-2012

The European Union has published the names of Syrian entities and individuals that were included to its sanctions list last week.

23-07-2012

The American Administration has added 35 new names of Syrian individuals and institutions to its sanctions list, while the EU announced new measures against the Syrian government.

28-05-2012

The Syrian Government has announced that it was merging two of the three state-owned dailies and issuing licenses for new private sector dailies and magazines.

25-03-2012

The Islamic Financial Services Company, a brokerage company, is being dissolved following a decision by its Board of Directors.

15-02-2012

Syriatel, one of Syria’s two mobile operators, announced an 11 percent decline in its 2011 profits, while its competitor, MTN-Syria, saw its profits increase by the same rate.

06-02-2012

Imperial Tobacco and JTI, two of the largest global tobacco firms, have acknowledged that their operations had been impacted by the unrest in Syria and the sanctions imposed by the EU and US on Syrian individuals and companies.

12-12-2011

Suncor Energy and Gulfsands Petroleum have announced that they were suspending their operations in Syria in light of the latest sanctions announced by the European Union.

05-12-2011

The international community has continued to raise the heat on the Syrian Government through new economic sanctions with Turkey joining in and the EU announcing new significant measures.

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.

15-11-2011

The European Union has named the eighteen new individuals who it has blacklisted as part of its sanctions against the Syrian authorities with the inclusion for the first time of a prominent Damascene lawyer.

10-10-2011

Gulfsands Petroleum has announced that the Syrian government has asked it to lower its production even further, confirming the difficulties the Syrian authorities still have in the marketing of their oil.

26-09-2011

In a widely expected move,  on Friday the European Union imposed a ban on all new investments in the Syrian oil industry, although existing operations will not have to be discontinued.

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.

29-08-2011

Gulfsands Petroleum, a UK-based oil company, has disclosed its ties to Rami Makhlouf, a prominent local businessman recently put under sanctions by the European Union.

22-08-2011

There are currently just under two dozen international companies operating in the Syrian oil industry from the exploration and production sectors to related services. The companies are listed below.

22-08-2011

There are currently just under two dozen international companies operating in the Syrian oil industry from the exploration and production sectors to related services. The companies are listed below.

22-08-2011

Updated August 22: IPR, an independent oil and gas company based in the United States, has said that it made a modest new discovery in Block 24 with a flow rate of 100 barrels of oil and 10 million cubic feet of natural gas a day.

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.

02-08-2011

Syriatel, the larger of the country’s two mobile phone operators, said that its first half revenues stood at SYP 25.43 billion, stable from the same period of 2010.

02-08-2011

The European Union has expanded the list of persons it is putting under sanctions to include five more individuals, including the Minister of Defence, Ali Habib.

28-07-2011

Syriatel, one of the two mobile phone operators in Syria and the country’s largest private sector corporation by revenues, announced a doubling of its capital to SYP 3.35 billion.

27-07-2011

Ihab Makhlouf is resigning from the board of Syria International Islamic Bank, only a few weeks after the European Union imposed a freeze on his assets and after his brother, Rami, one of Syria’s most prominent businessmen, announced that he was quitting the world of business.

25-07-2011

In an additional sign of the growing crisis impacting Syria’s economy, Al-Iqtissadiya, a business weekly, and the first private sector publication to be licensed after the arrival to power of Syrian President Bashar al-Assad, announced that it would stop publishing during the whole month of Ramadan.

25-07-2011

An estimated 1.2 million protestors took to the streets across Syria on Friday July 22 - the largest turnout ever since the unrest began on March 15. Earlier in the week in a significant diplomatic blow, the Embassy of Qatar in Damascus closed and its Ambassador abandoned his post. Meanwhile, the heavy crackdown against the opposition in Homs continued throughout the week.

04-07-2011

Yesterday Cham Holding, Syria’s largest corporation, elected an entirely new board of directors. However, the company did not elect a new chairman. The move comes only a few weeks after the company, along with its previous chairman, was put under sanctions by the United States.

03-07-2011

Ihab Makhlouf has resigned from his position as vice-Chairman of the Board of Al-Aqeelah Takaful Insurance, a few weeks after the European Union imposed a freeze on his assets and on those of several other Syrian personalities, as well as on “legal persons and entities associated with them,” according to a filing by the company.

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.

20-06-2011

One of Syria’s most powerful businessmen, Rami Makhlouf, said on Thursday June 16 that he was quitting the world of business to donate his time and money to charities - although it is unclear whether he will give up shares in any of the companies he owns.

20-06-2011

After-prayers protests on Friday June 17 resulted in the deaths of an estimated 24 as pressure on the Syrian government from the US and the European Union continues to increase.

13-06-2011

Rami Makhlouf, one of Syria’s most prominent businessmen, has no plans to sell his stake in Syriatel or leave the country, according to statements reported in the local press.

13-06-2011

Only a week after it announced it was stopping production at its Deir-ez-Zor plant, Vimpex, a paper trading and manufacturing concern owned by prominent businessman Nabil Kuzbari, said that it was resuming operations following a request from the workers at the plant.

22-05-2011

Set-up and manage all kinds of educational institutions (schools, universities, institutes and technical and scientific research centers); representation of local, Arab and foreign companies, universities, educational centers and institutes

19-05-2011

The US Administration has announced that it was imposing sanctions on Syrian President Bashar Al-Assad and six other senior Government officials as well as on three of the country’s largest companies, Cham Holding, Bena Properties and Al-Mashreq Investment Fund.

16-05-2011

Conflicting narratives abound in Syria, as the government and those participating in the unrest across the country endeavor to shape how Syrians and the outside world interpret the country's tumult.

10-05-2011

The European Union has announced an asset freeze and travel ban on a number of Syrian personalities, including Rami Makhlouf, one of the country’s most prominent businessmen.