Syriatel (205)

03-04-2019

The market price of Syria’s most prominent stocks increased significantly last month.

12-03-2019

A new attempt by Rami Makhlouf to cancel EU sanctions against his companies has failed.

06-03-2019

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.

06-03-2019

In this article The Syria Report addresses key issues raised in the debate over western sanctions on Syria and makes a number of policy recommendations.

06-03-2019

The Syrian stock exchange’s main index gained 2.26 percent last month amid low trading volumes and as interest in the Syriatel stock seems to have quickly faded.

20-02-2019

Syria’s two mobile phone operators have posted a significant increase in their 2018 profits, largely thanks to the lower annual license fee paid to the government.

20-02-2019

Damascus and Tehran are negotiating again the award of a mobile phone license to an Iranian company.

06-02-2019

In a month marked by the listing of Syriatel, almost all stocks that were traded in relatively important volumes in the Damascus Securities Exchange fell.

30-01-2019

European sanctions inflicted last week on several Syrian investors and companies are disrupting more than expected their business activity.

22-01-2019

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.

22-01-2019

For the first time, the European Union has put sanctions on the business elite that has emerged from the Syrian war as well as on its most symbolic investment project.

08-01-2019

The DWX closed 2018 with a small decline as the Syrian stock exchange mostly failed to live to its expectations last year.

24-12-2018

Several companies from the UAE are looking again at the Syrian market and sending delegations to Damascus.

18-12-2018

The EU General Court has upheld the blacklisting of Makhlouf family members and of Syriatel, one of Syria’s largest private sector companies and property of Rami Makhlouf.

04-12-2018

MTN-Syria has received a preliminary approval to list its shares on the Damascus Securities Exchange, potentially opening the way for the sale of the stakes of some of the company’s main shareholders.

27-11-2018

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.

05-11-2018

The Damascus Securities Exchange continued to attract very few investors in October as the daily value of shares traded did not cross the equivalent of USD 182,000.

22-10-2018

Syriatel has received the initial approval to list its shares on the Damascus Securities Exchange.

09-10-2018

The half year results posted by Syria’s two mobile phone companies confirm the growing gap between them as Rami Makhlouf’s Syriatel now holds more than two thirds of the market.

07-08-2018

The table below lists all the Syrian companies contracted by UN agencies in 2017. The data include the name of the companies, the subject of the contracts and their value.

03-07-2018

Nader Qalei, one of Syria’s most influential businessmen, is charged with violating economic sanctions imposed by Canada, the country where he resides, a Canadian outlet has reported.

01-06-2018

In this 2,200-word factsheet we provide a profile of Marota City, the most controversial investment project in Syria.

24-04-2018

While the Syrian government continues to boast of its success in covering basic expenses, including civil servants’ salaries, in practice it is mortgaging the country’s long-term economic prospects.

19-04-2018

In this 2,300-word factsheet we provide a profile of Samer Foz, who in the space of the past two years has risen to become Syria’s most powerful investor.

27-03-2018

Rami Makhlouf is now involved in the controversial Marota City real estate development in the Mazzeh District of Damascus.

20-02-2018

Syriatel and MTN-Syria have announced a new increase in their revenues last year as they continue to be important contributors to the government’s finances.

19-12-2017

A Russian official has expressed what is the bluntest statement to date on Russia’s ambition to get hold of as much of Syria’s energy and other economic resources as possible.

19-12-2017

Electronic payment services

21-11-2017

The financial results of some of Syria’s largest companies show an increase in revenues across the board, albeit from very low levels.

14-11-2017

Rami Makhlouf established earlier this year yet another company to invest in the Syrian real estate sector.

31-10-2017

Rami Makhlouf has failed in his bid to have his assets in Switzerland unfrozen.

26-09-2017

The Syrian Government’s drive to collect more revenues from its real estate properties has started to generate some results, government officials have said, as another source of revenues being considered is an increase in taxation on properties.

12-09-2017

The revenues of Syriatel, one of the country’s two mobile phone operators, surged in the first half of this year to more than twice those of its sole competitor, while the launch of a third Iranian-led operator appears to have been postponed.

08-08-2017

The table below lists all the Syrian companies contracted by UN agencies in 2016. The data include the name of the companies, the subject of the contracts and their value.

08-08-2017

Syrian companies were awarded dozens of millions of dollars from UN organizations last year including millions that went to companies owned by individuals under western sanctions and linked to regime militias.

23-05-2017

The General Court of the European Union has rejected Rami Makhlouf’s legal action to cancel the sanctions imposed on him by the EU.

16-05-2017

One of Syria’s main Sharia-compliant banks as well as several individuals and entities affiliated to Rami Makhlouf have been put under sanctions by the U.S. Administration today.

12-04-2017
11-04-2017

The revenues of Syria’s two mobile phone companies surged last year helped by a hike in communication rates imposed by the government.

21-03-2017

Nader Qalei, a prominent Syrian businessman and former partner of Rami Makhlouf, has been awarded a long-term contract for the management of a 5-star state-owned hotel.

07-03-2017

Two powerful Syrian investors are establishing a company in joint-venture with state entities to bid for potential reconstruction contracts despite an apparent lack of funding.

21-02-2017

Syriatel has appointed two new directors to its board as it prepares to list in the Damascus Securities Exchange.

17-01-2017

The signing today of several economic agreements in Tehran has confirmed the heavy price Syria is paying for the support of Iran to the Syrian regime, including the transfer of phosphate mines and a maritime port to Iranian companies in addition to the control by the Revolutionary Guards of a Syrian mobile phone license.

29-11-2016

An Iranian company, in partnership with a leading regime crony, is expected to win the license to operate a mobile phone network in Syria.

08-11-2016

MTN-Syria has announced an increase in its quarterly revenues and a decrease of the licence fees it pays to the government.

25-10-2016

Despite the massive destruction of the economy, Syriatel and MTN, the country’s two mobile phone operators, continue to generate significant revenues and profits.

06-09-2016

The table below lists all the Syrian companies contracted by UN agencies in 2015. The data include the name of the companies, the subject of the contracts and their value.

06-09-2016

The month of August saw a slight increase in the Syrian stock market index and in the value of shares traded.

31-05-2016

Mobile phone rates have been increased significantly by the Ministry of Telecommunications, a measure that will help increase profits at Syriatel and MTN-Syria.