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Recent statements by American officials but also reports from Raqqa suggest that the United States is considering getting involved in some form of reconstruction in Syria’s northeastern region.
Samer Foz, the increasingly powerful and visible Syrian investor, is expanding his investment portfolio with a new venture in the pharmaceuticals sector.
The launch of a new car assembly plant in Syria, the second in the space of four months only, has served to highlight the steady rise to prominence of an increasingly powerful businessman.
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.
Around half of Syria’s state-owned manufacturing companies are in such dire straits that they will likely never start operations again, an official report has found.
Updated on April 20, 2017: The list of investors whose assets were recently frozen by the Syrian government has dozens of prominent names, including family members of prominent security officials.
In a bid to raise revenues and reduce subsidies, the Syrian government has increased again electricity prices, a year after a similar decision.
Last week saw the death in Lattakia of Soubhi Joud, founder of the Joud Group, one of the country’s largest business conglomerates.
Trade of building materials, including iron sheets and rods
The Ministry of Economy has drawn a list of goods that will be prioritized for imports.
CMA CGM will reportedly begin a regular route between Lattakia and the Black Sea in a bid to enhance Syrian exports to Russia.
In 2015, the volume of cement produced by Syria’s public sector companies declined by around 20 percent on an annual basis, reflecting both lower demand in the market and production challenges.
On Saturday, Syria more than doubled the price of electricity sold to households and businesses as the Government continues its drive to generate new resources.
During a visit of Syrian Foreign Minister Walid Al-Muallem to New Delhi last week, the Indian Government reportedly promised a resumption of works on two large projects in Syria.
The Syrian Government has rushed in recent weeks to approve various laws and decisions in the economic field.
The European Union has removed a Syrian businessman from its sanctions list, only nine months after listing him.
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.
The full text in Arabic of Decision 3592 establishing the Syrian Metals and Steel Council on December 13, 2015.
Government officials inaugurated last week in Lattakia the Syrian-Russian Export Village with the theoretical aim of promoting Syrian exports to Russia.
As Russia sends its troops to Lattakia, it claims that it also plans a number of economic projects in Syria’s coastal city.
A businessman close to the Syrian regime is calling on the Government to declare the province of Tartous a free trade zone.
The European Union has blacklisted several new Syria-related companies and individuals, including two Iran-related businessmen and another involved last year in the negotiations to release abducted nuns as well as in dealings between the regime and ISIS.
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