Cham Holding (110)


The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.


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 list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.


Cham Wings, a private airliner, Russian banking executives and Rami Makhlouf-owned companies are among 23 new entities and individuals blacklisted by the American administration.


The Damascus governorate is set to launch a new holding company to develop real estate projects in the capital.


Financial Services, Brokerage


Issam Anbouba, a prominent Syrian businessman, has seen his appeal to lift the sanctions imposed on him by the European Council rejected.


Oil and gas exploration, extraction, storage and distribution


Trading and manufacturing


A new Syrian private airliner will start flying a daily round trip from Damascus to Kuwait starting March 30.


Daman Cham, an investment bank and brokerage house, has announced the resignation of its general manager.


Kharafi National, a large engineering company, is withdrawing from the Syrian market, according to a local media outlet.


Accor Hotels has announced that it was putting on holds three projects in Syria because of the political situation in the country, following in the footsteps of other operators.


Accor Hotels, a French hospitality group, said that it still planned to open 3 hotels in Syria by 2015.


The Reserve Bank of Australia updated last week the list of Syrian individuals and entities it has put under sanctions.


Daman Cham, a brokerage firm operating in the Damascus Securities Exchange, has suspended its IPO and advisory services and announced the divestment of its UAE strategic shareholder.


In a widely expected move,  on Friday the European Union imposed a ban on all new investments in the Syrian oil industry, although existing operations will not have to be discontinued.


The four businessmen and three corporations sanctioned by the European Union last week form part of a growing list of business actors that are feeling the weight of the international pressure on Syria.


The European Union has banned all imports of Syrian oil and sanctioned a new list of businessmen and corporations as it appears increasingly intent on using economic sanctions as its primary tool for reducing the Syrian authorities' grip on power.


Gulfsands Petroleum, a UK-based oil company, has disclosed its ties to Rami Makhlouf, a prominent local businessman recently put under sanctions by the European Union.


The US government has added Mohammad Hamsho, one of the country’s most powerful businessmen, and his holding firm, Hamsho International Group, to a list of individuals and institutions against which it has imposed sanctions.


Yesterday Cham Holding, Syria’s largest corporation, elected an entirely new board of directors. However, the company did not elect a new chairman. The move comes only a few weeks after the company, along with its previous chairman, was put under sanctions by the United States.


The European Union has for the first time imposed an asset freeze on Syrian corporations, including two owned by Rami Makhlouf and another by Mohammad Hamsho.


One of Syria’s most powerful businessmen, Rami Makhlouf, said on Thursday June 16 that he was quitting the world of business to donate his time and money to charities - although it is unclear whether he will give up shares in any of the companies he owns.


Rami Makhlouf, one of Syria’s most prominent businessmen, has no plans to sell his stake in Syriatel or leave the country, according to statements reported in the local press.


Only a week after it announced it was stopping production at its Deir-ez-Zor plant, Vimpex, a paper trading and manufacturing concern owned by prominent businessman Nabil Kuzbari, said that it was resuming operations following a request from the workers at the plant.


Vimpex, a paper trading and manufacturing company owned by prominent businessman Nabil Kuzbari, has stopped production at its paper plant located in Deir-ez-Zor.


Souria Holding, one of the country’s largest holding companies, has elected a new Board of Directors that includes six new members.


The US Administration has announced that it was imposing sanctions on Syrian President Bashar Al-Assad and six other senior Government officials as well as on three of the country’s largest companies, Cham Holding, Bena Properties and Al-Mashrek Investment Fund.


The European Union has announced an asset freeze and travel ban on a number of Syrian personalities, including Rami Makhlouf, one of the country’s most prominent businessmen.


Set-up, manage, and operate commercial, service and tourism projects; trade and distribution of all kinds of materials


Nasser al-Kharafi, the Chairman of the Kuwaiti Kharafi Group that has large interests in Syria, died in Egypt on April 17 of a heart attack.


Set-up, manage, invest, develop commercial, service, tourism projects; companies representation; trade, import, export 


The Kuwaiti Syrian Holding Company (KSH) has begun excavation works on a new high end residential project in Yaafour, according to its Chairman, Mahmoud Al-Nouri.


Avrasya, a Turkish company specialized in the management of passenger bus terminals, has bought a 50 percent stake in Aleppo Gate, a Souria Holding subsidiary.


Bilateral trade between Syria and Turkey expanded 43 percent last year to reach a total of USD 2.5 billion, as Turkey’s presence across various sectors of the Syrian economy is increasing at a fast pace.


Renaissance Construction, a Russian-Turkish company, has bought a stake of 30 percent in the USD 180 million Taj Halab real estate development in Aleppo.


Bena Properties has signed a syndicated loan agreement of USD 77 million to finance works at the Yasmeen Rotana Hotel in Damascus.


Depa has won the contract for the fit-out and loose furnishings of the Yasmeen Rotana Hotel in Damascus, the first contract the UAE-based company earns in Syria.


Sixteen international companies have prequalified for the development of Syria’s first independent power producer, according to the Ministry of Electricity.


Porto Village Hotel, a hotel located in the Porto Tartous Development, previously known as Antaradus, will open its doors next month, according to Wahoud Group, the company developing the project.


Wartsila will be operating and maintaining the 45MW power plant of Al-Badia Cement for three years, according to the Finnish company.