A Swiss court has decided to maintain a freeze on the assets of Rami Makhlouf one of Syria’s wealthiest and most powerful businesspersons.
A report published by a former member of the Nusra Front claims that the Army of Islam was the main beneficiary of the donations made to armed opposition groups since the beginning of the war in Syria around three years ago.
UPDATED: Syrians have applied for some one million passports since the beginning of the year, according to official estimates.
Syria’s gross domestic product is forecast to continue to decline this year and next albeit at lower rates than in past years.
A businessman close to the Syrian regime is calling on the Government to declare the province of Tartous a free trade zone.
Prices increased again in February in Syria with the annual inflation rate at 27 percent.
Syria’s inflation rate reached 17 percent in 2014 and accelerated in the first month of this year, according to official data.
Syria and Iran signed last week several economic agreements, although a widely expected new credit line from Tehran was not included.
In order to ensure the availability of food products in the market in the midst of a shortage of foreign currencies, the government has decided to prioritise the funding of imports of 12 food items.
The Syrian Government has increased the price of several food products it sells in the market by up to 30 percent citing the decline in the value of the pound relative to the dollar.
The General Court of the European Union has rejected an appeal made by Fares Shehabi, the President of the Aleppo Chamber of Industry, to lift sanctions imposed on him.
Updated on July 27, 2015: A decree issued by the Syrian President on May 3 allows private holding companies to take over the management of assets and properties owned by cities and towns across the country.
The Syrian President issued last week a decree expanding the scope of a tax on Turkish-sourced products.
Issam Anbouba, a prominent Syrian businessman, has seen his appeal to lift the sanctions imposed on him by the European Council rejected.
Syrians’ expenses on the lottery continued to increase in the first quarter of this year.
Damascus International Fairground
Perfect Wedding Show 2011
Sheraton Hotel Aleppo