The Aleppo governorate is establishing a holding company to manage its assets, including developing real estate projects.
One of Syria’s most prominent new business cronies has been arrested in Kuwait on charges of money laundering.
The executive director of Damascus Cham Holding has resigned, citing medical reasons.
A new attempt by Rami Makhlouf to cancel EU sanctions against his companies has failed.
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 the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.
Chinese investors, among others, have recently been visiting the site of the Marota City project, which is struggling to attract investors and funding.
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.
A prominent UAE investor visited Damascus today, representing a rare case of an influential figure from the Gulf countries travelling to Syria since 2011.
The Syrian regime is clamping down on Ayman Jaber, one of Syria’s most prominent warlords and a long-time business partner of the Assad family.
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.
Since it was established in 2016 to develop the Marota City development, Damascus Cham has established various joint ventures with private investors. Here is their list.
Damascus Cham Holding has announced the signing of a new joint-venture with private investors to invest in Marota City as well as having received a license to establish the country’s first mortgage finance company.
A British petroleum company has confirmed that oil continues to be extracted from its fields in northern Syria despite western sanctions.
Damascus Cham Holding has been granted the right to manage all parking spaces within the city of Damascus.
Rami Makhlouf is now involved in the controversial Marota City real estate development in the Mazzeh District of Damascus.
AbdulRahman Al-Attar, one of the most prominent business figures of the Assad era, both father and son, passed away last week at the age of 80.
Damascus Cham Holding is establishing a new joint venture with private investors to develop several properties in Marota City, the controversial large real estate project in the Syrian capital.
The Syrian regime is planning to extend to all of Syria a law that enables the displacement of populations from informal housing areas under the pretext of building modern real estate development projects.
Updated on February 02, 2018 (see bottom for details on updates): A new Syrian investor has signed an agreement to invest in the Basatin Al-Razi real estate area near Damascus.
A Syrian businessman, little heard of until recently, has signed two contracts worth hundreds of millions of dollars to participate in the development of the controversial Basatin Al-Razi project.
Samer Foz has been granted the right to develop real estate properties worth hundreds of millions of dollars in the Basatin Al-Razi project in Damascus.
Rami Makhlouf established earlier this year yet another company to invest in the Syrian real estate sector.
The government has ordered a provisional custody on the assets of Imad Ghreiwati, one of Syria’s most prominent investors prior to 2011, a move that adds a layer of instability to investors planning to return to the country.
Several prominent Syrian businessmen, under pressure by the regime, have sold their assets to members of the new business elite, a reflection of how the war is changing the Syrian business landscape.
Cham Holding is expected to conclude a long-term agreement to develop a real estate project for the first time since the beginning of the uprising in 2011.
The General Court of the European Union has rejected Rami Makhlouf’s legal action to cancel the sanctions imposed on him by the EU.
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.
Issam Anbouba, a prominent Syrian businessman, has seen his appeal to lift the sanctions imposed on him by the European Council rejected.
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.