News

24-05-2022
Wassim Qattan is a Damascene businessman who emerged among Syria’s business elite only a few years ago and is believed to be acting as a front for powerful regime personalities. Unknown prior to 2017, Mr Qattan has acquired several high-profile contracts from state institutions in the real estate and hospitality sectors. With little information on his source of wealth, he is widely believed to be acting as a front for wealthy and powerful regime personalities, even if the identity of his sponsor remains unclear.
24-05-2022
The government has increased unsubsidised oil prices, attributing the hike to “rising global oil prices” and to its effort “to narrow the wide gap with black market prices.” Damascus has also announced a new Iranian credit line for the purchase of oil supplies from Tehran.
17-05-2022
In an effort to ease the fallout of sanctions in non-government territories and stabilise areas liberated from the Islamic State, the U.S. administration has issued a general licence authorising economic activities, including foreign investments, in non-regime held areas of Northwest and Northeast Syria.
11-05-2022
Some EUR 6.4 billion was pledged towards funding the international humanitarian aid effort in Syria during the 2022 Brussels Conference held on May 10. The amount is higher than last year and from what was originally expected. Of this amount, EUR 4.1 billion is allocated for this year and EUR 2.3 billion for 2023.
10-05-2022
Fares Shehabi (b. 1972), also known as Fares Ahmad Al-Shehabi, is a prominent Aleppan businessman who is mainly active in the pharmaceutical sector. Throughout the decade-long conflict, Mr Shehabi has been one of the most outspoken supporters of the regime.
03-05-2022
Pledges for the upcoming Brussels conference on the humanitarian crisis in Syria are expected to decrease in line with the downward trend of pledges since 2021 due to funding shortfalls, donor fatigue, and the potential impacts of the Russian-Ukrainian conflict.