Steel (213)

17-02-2021

The Syrian government is planning to award major projects in the tobacco and steel sectors to private companies in a bid to win badly needed investment amid a lack of government funds.

17-02-2021

Tehran plans to launch a direct shipping line with Syria in March, according to Iranian media, in a further sign of Iran’s efforts to expand its economic influence in the country.

17-02-2021

Steel and aluminium trading; contracting

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.

02-12-2020

Syrian President Bashar Al-Assad has ratified an amendment to an Iranian credit line worth USD 1 billion, removing the final barriers to the long-delayed deal and further cementing Tehran’s economic and political influence in the country.

14-10-2020

Security patrols arrested dozens of young men in the town of Babila south of Damascus earlier this month under the pretext of searching for opposition sleeper cells and drug dealers, according to pro-opposition news site Sowt Al-Asimeh. Out of dozens of arrests, 12 targeted Palestinian men displaced from the neighbouring city of Al-Hajjar Al-Aswad. The 12 men were likely targeted for arrest deliberately, after they reportedly underwent security checks as part of their applications to return to their homes in Al-Hajjar Al-Aswad.

09-09-2020

The government has increased the price of portland cement to close the gap with its black market rate, while construction costs as a whole are continuing to rise.

29-07-2020
08-07-2020

The prices of building materials in the local market have been extremely volatile over the past two months because of the ups and downs of the currency rate and higher tariffs. The fluctuations are almost certain to curb construction activity.

08-06-2020

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

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.

14-04-2020

Updated on September 28: In this 4,400-word factsheet, we provide a profile of the main businesses and economic institutions affiliated with the Syrian Ministry of Defence.

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.

05-02-2020

A delegation from India’s Tata Group visited Damascus in December, a rare case of a multinational company looking for business opportunities in Syria.

08-01-2020

Syria has awarded a Russian company a new offshore oil exploration contract as part of a set of new investment and trade agreements between the two countries.

23-10-2019
23-10-2019

The government has increased tariffs on some steel products, a decision that seems to have been motivated by pressures from influential businessmen.

16-10-2019

The Katerji brothers are negotiating to expand their investments in Aleppo, confirming that they have become the main business actors in Syria’s second largest city.

09-10-2019

Iron rolls; metal smelting; extrusion of iron sheets and metal pipes

25-09-2019

The Syrian government has appointed among its representatives to the UN-led constitutional committee one of the country’s most influential business cronies.

29-05-2019
15-05-2019

A delegation from an Indian company visited Damascus this week with a view to restart construction works on a power plant.

30-04-2019

The Syrian minister of transport has given more details on the Tartous deal with Russia, partly to deflect strong criticism coming from loyalists.

19-02-2019

The government has decided to stop issuing new licenses for the establishment of iron and steel plants.

13-02-2019

Aman Holding has reportedly significantly raised its capital as it seeks to fund its expanding business.

06-02-2019

Samer Foz has announced the set-up of a new project in the coastal area.

30-01-2019

Smelting and manufacturing of metal products; Formation and Manufacturing of Pipes

23-01-2019

The Government’s plans to spend on investment projects are falling short because of a continuous shortage of cash, the recent example of a serum production plant shows.

18-12-2018

Syria’s steel industry is struggling to increase production as demand remains low and limited construction works take place in the country.

18-12-2018

This table highlights key indicators on Syria's steel industry.

11-12-2018

Samer Foz, Syria’s most prominent businessman in past years, has expanded his business activities by buying a significant stake in the country’s largest private sector bank.

29-10-2018

A Syrian court has reportedly discharged a freezing order on the assets of a prominent Syrian investor.

04-09-2018

A pharmaceutical plant producing medicines for the treatment of cancer and owned by a prominent investor is set to start operating near Damascus in the next few weeks.

07-08-2018

Trade of building materials, steel products, electric equipment and heavy machinery for cement and steel plants

05-06-2018

The Syrian regime is clamping down on Ayman Jaber, one of Syria’s most prominent warlords and a long-time business partner of the Assad family.

22-05-2018

A Syrian investor, despite being a close associate of Samer Foz, has seen his assets frozen by the Syrian government for the second time in the space of five years.

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.

17-04-2018

In Raqqa, Deir-ez-Zor and other areas under SDF control, local councils continue to announce on a regular basis the rehabilitation of infrastructure and various new development projects.

12-04-2018

The text regulating the registration and protection of trademarks and industrial designs.

27-03-2018

The Raqqa Civil Council has announced a set of new projects to improve living conditions and economic activity in the northeast.

20-03-2018

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

27-02-2018

The Raqqa Civil Council has announced the construction of a new bridge over the Euphrates that will reduce significantly transport times.

06-02-2018

The demand for steel and cement in Syria is too low to justify any new investment in this sector, government officials have said.

26-01-2018

The text of the framework law enabling expropriation by the Government.

09-01-2018

The Raqqa Civil Council has announced several new economic initiatives as it strives to restore normal life in the city.