Turkish-backed northwest authorities will hold the ‘First Investment Conference in Northwest Syria' in the Al-Rai Industrial City in December to attract investments to the region.
Turkey’s Council of Higher Education has recently accredited the Free Aleppo University located in A’zaz; with this move Turkey now recognizes the degrees of this university based in northwest Syria.
In September, a Syrian business delegation visited Greece and signed an agreement with the Piraeus Chamber of Commerce, one of the first such agreements at this level after more than a decade.
Some three-quarters of the revenues generated by the AANES come from crude oil production, a dependency seen as a weakness by officials from the administration.
Five months after Syria’s reinstatement in the Arab League, normalisation with Bashar Al-Assad seems to have yielded few Damascus concessions: captagon trade is surging, there is no sign of steps towards stabilisation, political reforms, or refugee return.
President Bashar Al-Assad’s handshake with Chinese leader Xi Jinping on September 22 marks a significant step in Syria’s reintegration into the global diplomatic sphere. Despite much fanfare, however, it is unlikely that promises by China's foreign minister Wang Yi’s “to take ties to a new level” will materialise into investments in Syria’s cash-strapped economy, given the recent decrease in China’s footprint in the country and Syria’s distressed business environment.
In the first eight months of 2023, Syria’s non-oil foreign trade reached USD 2.681 billion, including imports of USD 2.161 billion, according to a statement by Prime Minister Hussein Arnous before the Parliament on September 17.
Recent reports have sounded the alarm on the bleak water crisis that five million people in northeast Syria are facing. The roots of the water dilemma are entangled and protracted and the political instability in the northeast hinders efforts to design a comprehensive strategy to manage the dwindling water resources.
Amid rising food insecurity levels and wheat shortages, the Syrian government has recently contracted with Russian suppliers for the import of 1.4 million tonnes of soft wheat, which is used to produce bread. The wheat harvest across the country has improved this year but still falls short of the local demand.
On September 7, the Commander of the Syrian Democratic Forces (SDF), Mazloum Abdi, declared his forces had “full control” of the areas in Deir-ez-Zor province that had witnessed 12-day clashes between the US-backed SDF and some local Arab tribes.
A month after the U.N. and the Syrian government reached a bilateral agreement to replace the defunct U.N. Security Council mandated cross border mechanism, aid flow into northwest Syria has slowed to a trickle.
The World Bank and the Syrian Center for Policy Research released this week two separate reports analysing the impact of the earthquake in Syria’s war-torn economy.
The government has allowed the UN to use the Bab Al-Hawa crossing, raises concerns about Damascus’ role in humanitarian aid operations in areas under opposition control.
Trade between Turkey and Syria has remained steady for the first half of the year. However, the number of companies established by Syrian Investors in Turkey has decreased significantly.
The government recently sent a rare ministerial delegation to Northeast Syria to oversee public services and projects in areas under its control, mainly the cities of Hassakeh and Qamishli.
The depreciation of the Syrian pound is causing unrest among regime loyalists. Meanwhile, as the Syrian pound and Turkish lira continue to plummet, the Syrian Salvation Government and the Autonomous Administration of North and East Syria are taking steps to distance themselves from the unstable currencies.
Northeast Syria continues to suffer from an acute water crisis driven by climatic and man-made factors.
Iraq’s Prime Minister Mohammed Shia Al-Sudani recently met President Bashar Al-Assad in Damascus, marking the first time a high-ranking Iraqi official has visited Syria since 2011.
Since the cross-border aid mechanism for the only UN-mandated border crossing expired last week, UN agencies and NGOs have been bracing themselves for major disruptions to their humanitarian operations in Northwest Syria, where over 4 million people need emergency assistance. Although another vote has yet to be scheduled, many fear that Russia will continue to veto future resolutions.
Due to Russia’s veto, the UNSC has failed to adopt a compromise resolution to extend the cross-border mechanism that allows lifesaving aid to be delivered to millions of people in northern Syria.