Syria recently announced plans to apply for membership in the BRICS economic bloc in hopes that its entry would lessen its dependence on the U.S. dollar, facilitate investments in the country, and allow it to bypass sanctions.
A number of developments in Syria will need to be closely monitored in light of the events of the past weekend in Russia.
The Syrian government and the Autonomous Administration of North and East Syria appear to have reached trade deals for certain commodities needed in the northeast and wheat needed in regime-held areas.
On May 15, donor countries will meet in Brussels to raise money for the two large aid programmes that seek to mitigate the impact of Syria’s political and economic crises.
One of the largest companies affiliated with Hayat Tahrir Al-Sham recently published data on its operations, which span a variety of business sectors. Meanwhile, media reports have shed light on other HTS-affiliated companies and businessmen.
Ahead of the Turkish elections, one of the key areas of concern remains the future of Ankara's policy towards Syria and Syrian refugees. As Turkey continues to navigate the complexities of the Syrian conflict, it is important to understand how the election results may shape its approach towards its neighbouring country.
On May 11, a bipartisan group of lawmakers in the United States House of Representatives introduced the Assad Anti-Normalisation Act, sending a clear message of disapproval to Arab countries that have re-engaged the Syrian regime.
Although Jordan is at the forefront of rapprochement efforts with the regime, its air force allegedly launched two airstrikes over southern Syrian territory, killing an infamous drug lord and destroying a drug factory. The strikes came less than a week after Damascus agreed to tackle drug trafficking on its border with Jordan and Iraq and days after Amman seized its largest captagon shipment of the year.
Around 39 percent of the funding requirements for the Regional Refugee and Resilience Plan for Syria were met last year, according to the UNHCR and UNDP.
Iran’s President Ibrahim Raisi will visit Damascus this week, the first time an Iranian head of state visits the country in 13 years, according to Iranian officials, state-owned media outlets, and sources close to the Syrian government. Ahead of the visit, Syrian and Iranian economic bodies held high-level meetings and prepared agreements that are planned to be signed during the president’s visit.
The Autonomous Administration of North and East Syria has issued a law regulating the operations of foreign exchange dealers as the sector gains increasing importance. The law’s timing is a reminder of the importance of remittances for the Syrian economy and of foreign exchange dealers at a time western sanctions are restricting the operations of local banks.
Only half of the funding requirements for Syria’s Humanitarian Response Plan were reached in 2022, according to the United Nations Office for the Coordination of Humanitarian Affairs.
A new report surveying the varying socio-economic conditions in IDP camps across all four zones of control in Syria.
The ILO has warned of a potential high increase in poverty and informality following the earthquake as hundreds of thousands of workers in both countries lost their jobs.
Although Syria’s olive and olive oil industries were affected by the fallout of the 12-year conflict, the olive and olive oil industries appear to be making a steady recovery.
The International Labour Organisation recently agreed to provide grants to support the Damascus Chamber of Industry and the General Federation of Trade Unions in their post-earthquake recovery, a few weeks after appointing its first country coordinator in 11 years.
During a conference held in Brussels on March 20, the international community secured close to EUR 1 billion in grants aimed at providing support to Syria. The funding will be used “to help meet humanitarian needs and support early recovery and resilience.”
The Syrian government is preparing to put three power turbines into operation, although acute shortages of natural gas and fuel will continue to limit the potential for increased electricity production.
A UN-appointed commission of inquiry recently implicated the Syrian government, local actors, and the international community, including the United Nations, in failing to deliver time-sensitive humanitarian aid to Northwest Syria after the February 06 earthquake.
In this interview, The Syria Report speaks with Mohammad Hassno, CEO of the Assistance Coordination Unit, a Syrian opposition organisation that coordinates humanitarian efforts and facilitates the flow of information between donors, executive agencies, and local partners.