business council (60)


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.


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.


The two tables below list the Russian companies involved in Syria since the beginning of the Russian military intervention in the country in September 2015.


The coronavirus pandemic has continued to spread rapidly in Syria, with opposition-controlled parts of Idlib and the Aleppo countryside particularly hard hit.


The global scandal of the Malaysian state investment fund, also known as 1Malaysia Development Bhd, or 1MDB, has had ramifications for the Syrian business community as well.


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.


Updated on June 17, 2020: The number of people who tested positive with the Coronavirus in Syria climbed by 23 last week to 146, up from 123 a week ago, while the number of recoveries increased to 62 from 50 and the number of deaths remained unchanged at six.


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


Delays in the Marota City project are generating increasing criticism, including from a prominent Iran-linked investor who believes the project may eventually die.


The Syrian minister of health has acknowledged the minuscule number of daily Covid-19 tests being carried out, while the economic consequences of the crisis appear to be increasingly serious.

A 2,300-word factsheet on the Syrian activities of Stroytransgaz, the Russian company that has become the symbol of Moscow’s economic influence in the country.


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.


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


The Eurasian Economic Union (EAEU) has agreed to give Syria a preferential treatment for its exports, the Ministry of Economy said, although the impact of the deal on the economy will be limited.


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


This table lists the main companies we have identified that are linked to the eight investors whose bank accounts were frozen on October 7, 2019.


Syria and Iran held on May 1st the sixth edition of a joint business forum as Tehran seeks to capitalize on its support to the regime to gain more benefits for its companies.


A Bulgarian business delegation visited Damascus last week, a rare case of an EU lobby group visiting the Syrian capital.


Syria and Russia are considering the establishment of a trade finance company to bypass western sanctions, a Syrian leading investor has said.


A business event grouping dozens of Russian investors is set to be held in Damascus next month.


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


The Syrian government is trying to lure back Syrian investors based in Egypt, a year after a similar attempt largely failed.


Last week, Russia and Syria signed several new economic cooperation agreements during an international business forum organized in Crimea, including to develop offshore resources.


Dozens of Russian companies have shown interest in the Syrian market, but many obstacles remain for furthering economic and trade ties, including western sanctions, a prominent investor has admitted.


Syrian and Russian investors will meet in the next few weeks to discuss joint investment opportunities.


Russia is increasingly clear about its intentions to acquire economic assets in Syria and capitalize on its military and political support to the regime to generate financial returns.


Iran is planning to finance the construction of a sugar refinery production line, according to the head of the state sugar production body.


The Ministry of Economy is preparing to relaunch bilateral business councils with several countries it considers “friendly,” including the Czech Republic, a member of the European Union.


The appeal by Samir Hassan, a leading Syrian investor, to lift sanctions imposed on him by the European Union has been rejected.


UPDATED: Russia will supply to Syria a complimentary shipment of 100 thousand tons of wheat, Wael Halqi, the Prime Minister, said.


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.


The Syrian government has dissolved the bilateral business councils established between Syrian and foreign businessmen.


The Syrian government is raising the price of medicines and facilitating import procedures in order to ease the shortages of pharmaceutical products.


The English transcript of statements made by Syrian President Bashar Al-Assad following talks with his Indian counterpart on November 27, 2010.


The English transcript of statements made by Syrian President Bashar Al-Assad following talks with the Cypriot President in Nicosia on November 04, 2010.

The Syrian Enterprise and Business Centre and the Syrian Hungarian Business Council are organising a one-day forum in Budapest on October 20.

The National Bank of Egypt (NBE) has decided to open a representative office in Syria, instead of a fully-fledged subsidiary, because of the high capital required for local banks, according to Khaldoun Al-Muwakaa, the chairman of the Syrian-Egyptian Bu...

The Syrian Business Council, which regroups most of Syria’s new business elite, has issued a rare statement criticising the little relevance of official statistics and its impact on investment and growth.
Turkey’s state-owned Ziraat Bank plans to set up an affiliate in Syria in joint venture with local businessmen, according to Abdelqader Sabra, chairman of the Syrian-Turkish Business Council.
The Syrian-Turkish High-Level Strategic Cooperation Council (STHLSCC) wrapped up its first meeting in Damascus on December 23, with the signing of 50 memoranda of understanding and protocols of cooperation.

An economic and business delegation, headed by Abdallah Dardari, will visit the Czech Republic between the 19th and 22nd of November.