Samer Foz (103)

17-02-2021

A previously unknown company, Saray LLC, has won the rights to broadcast Syria’s football league for three seasons, according to local media reports.

20-01-2021

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.

16-12-2020

The Syrian government has contracted a Lebanese company to supply 150,000 tons of wheat after a number of Russian companies pulled out of import contracts, a government official said. The price was set at USD 285 per ton.

16-12-2020

Cham Capital LLC, a brokerage firm partially owned by Rami Makhlouf, is preparing to close soon, according to a source in the brokerage sector, a move highlighting the ongoing toll of the spat between the government with one of Syria’s most prominent businessmen.

25-11-2020

Two private Syrian banks owned partially by foreign investors have taken steps to rebrand, in a move to reduce the risk for foreign shareholders a few months after the enactment of the Caesar Act.

21-10-2020

Dozens of fires in the provinces of Lattakia, Tartous Homs and Hama have caused large-scale damage to agricultural areas and led to the evacuation of many people from their homes and lands.

07-10-2020

The United States has added more names to its sanctions list and specifically targeted prominent warlord-turned businessman Khodr Ali Taher.

21-09-2020

In this 2,800-word factsheet we provide an overview of Syria's wheat sector and of the challenges it faces.

16-09-2020

Syria's citrus fruit production, which represents an important source of economic activity and employment in the coastal area, is set to decline to its lowest level in at least five years.

09-09-2020

UPDATED on September 09, 2020: A Kuwaiti-listed company is divesting from a leading Syrian bank, reportedly to the benefit of the rising Ibrahim family.

22-07-2020

United Nations agencies directly awarded Syrian companies some USD 200 million worth of contracts in 2019, an increase of three percent over the previous year.

24-06-2020

Since the end of last year, Syria’s eight car assembly plants have stopped producing because the government has stopped issuing the import licences required for their activities.

13-05-2020

Damascus Cham Holding has given more details on one of the large developments it is seeking to promote in Marota City.

13-05-2020
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.

27-04-2020

This article is an updated and expanded factsheet on the economic and business relations between Syria and Russia as of April 2020.

01-04-2020

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

11-03-2020

The combined assets of Syrian private sector banks increased last year, but this was the result of the growth in the assets of a single bank. Rising inflation also means that in real terms assets declined.

04-03-2020

The Ministry of Transport has eased licensing conditions for airlines, paving the way for more investors to get involved in the sector.

19-02-2020

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.

19-02-2020

The European Union sanctioned on February 17 several Syrian companies and individuals, including business figures from before the uprising or who emerged during the conflict and are active in sectors such as real estate and oil trading.

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.

29-01-2020

In this 2,700-word factsheet we provide a profile of Damascus Cham Holding, one of the largest Syrian companies that is at the heart of the controversial Marota project.

22-01-2020

A financial brokerage company that is believed to be linked to Samer Foz has been licenced in Damascus, the first such company to start operating since 2011.

15-01-2020

The Syrian Investment Agency has issued a licence for a new car assembly plant, while an Iranian-owned venture in the industry has reportedly suspended production.

18-12-2019

The Syrian government has issued a new tender for purchasing Russian wheat, as the two countries seek to expand their ties in the grains sector.

11-12-2019

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

11-12-2019

The arrest of a businessman in the UAE on terrorism charges at the request of Syrian authorities sends a worrying signal to the Syrian business community there and highlights the improving ties between the Syrian and Emirati governments.

27-11-2019

The absence of Samer Foz from the launch of his latest investment may indicate a change in his status as one of Syria’s most influential businessmen.

27-11-2019

Cham Holding, one of Syria’s largest holding companies, is reportedly selling shares owned by a prominent stakeholder.

27-11-2019
20-11-2019

The Tartous governor has taken a rare action against two powerful Syrian businessmen, destroying houses they own on the coast, allegedly for building violations. 

20-11-2019

The assets of Syria’s private sector banking industry increased by 9.8 percent over the course of the first six months of this year but decreased in dollar terms due to the depreciation of the Syrian pound.

16-10-2019

This factsheet originally aimed at providing an overview of the economic situation in North-East Syria under the control of the Autonomous Administration of North and East Syria (AANES). The events of the past few days, however, have changed facts on the ground before we could complete our work on this article.

09-10-2019

The Central Bank of Syria has ordered a freeze on the bank accounts of Tarif Al-Akhras, one of the country’s most powerful businessmen and a relative of Asma Al-Assad, as well as on those of several other prominent businessmen, a move that seems to confirm the government’s increasing pressures on the business community.

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.

25-09-2019

UN agencies and other international organisations have reportedly renewed their contracts with the Four Seasons Hotel for the rental of office space and rooms.

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.

04-09-2019

The Syrian authorities have handed to Lebanon a Lebanese investor closely linked to Samer Foz.

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 award of a contract by the Ministry of Petroleum to a Lebanese company to refine petroleum residues has caused controversy in Damascus.

24-07-2019

The Ministry of Tourism has announced that after seven years of suspension works have restarted on the Yasmeen Rotana Hotel owned by Rami Makhlouf.

03-07-2019

Syrian private sector banks are expanding their branch network across the country.

25-06-2019

The market for oil products in Syria has remained stable in the past weeks despite an attack on submarine pipelines linked to the Banias Port.

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.

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.