ISIS revenues declined 16 percent last year as oil and cement production were affected by loss of territory and air strikes, according to a recent report.
The EU has lifted the sanctions it imposed in 2014 on Hashem Akkad, a Syrian businessman active in multiple sectors, a decision that could have a broader impact on the sanctions regime imposed on Syrian individuals and entities.
After much delays and official announcements by the Governments of Syria and Iran, the preferential trade agreement between the two countries finally entered into force a few weeks ago.
While many investors expect to benefit from significant business opportunities as soon as the Syrian war ends, in practice many obstacles stand before any meaningful and large scale reconstruction effort.
A draft new constitution for Syria has reportedly been written by Russia, although it has already been swiftly rejected by the regime.
The Syrian opposition has strongly criticized a recent ESCWA report on the state of the Syrian economy.
The European Union has extended it set of sanctions against Syria for an additional year.
Brazil is willing to receive up to 100 thousand Syrian refugees in the next few years, a Government official said earlier this month.
In spite of sanctions, Syria continues to trade every year goods worth hundreds of millions of euros with the European Union, data show.
A Syrian legal committee is seeking reparations of more than USD 5 billion from Turkish President Recep Tayyip Erdogan for his alleged responsibility in the looting of hundreds of Syrian factories.
Border controls and the recent EU-Turkey deal are having a significant impact on the number of Syrian refugees seeking to reach Europe.
The Syrian Coalition has appointed a new Prime Minister to head its Interim Government in replacement of Ahmad Tohme.
The United Nations agencies based in Damascus have contracted dozens of Syrian companies to supply them with goods and services worth hundreds of millions of dollars in the past years.
The Syrian authorities have announced a new influx of government investment in the two coastal provinces that far outweighs their investments in other parts of the country.
UPDATED: Russia will supply to Syria a complimentary shipment of 100 thousand tons of wheat, Wael Halqi, the Prime Minister, said.
Bank Credit Guarantees
Damascus Chamber of Commerce
Damascus International Fairground