Government President Bashar Al-Assad issued Decree 210/2020 formally designating Hussein Arnous as Prime Minister following the parliamentary elections in July. Arnous had already been serving in the position since June following the dismissal of...
Government July 17th marked 20 years since Bashar Al-Assad became President of Syria. His first decade in power was associated with unprecedented economic liberalization and private sector investment while his second decade was overtaken...
Government President Bashar Al-Assad dismissed Prime Minister Imad Khamis from his post, which he held since 2016, following deteriorating economic conditions and appointed Hussein Arnous as the new Prime Minister to lead the government...
Commerce President Bashar Al-Assad met with the government’s COVID-19 task force. While the health challenges were on the agenda, discussions also touched on the economic side effects. President Al-Assad noted that there are some...
International Trade Since 2011, imports of goods into Syria have been hindered one way or another by international sanctions, import controls imposed by the government, a depreciated Syrian Pound making imports more expensive, and...
Health The Ministry of Health announced that Syria had officially registered 19 cases of COVID-19 weeks after neighboring countries started reporting their first infections. The actual number of cases is thought by some observers...
Finance The Council of Ministers tasked the Ministry of Interior, the Ministry of Justice and the Central Bank with formulating executive regulations for the implementation of Legislative Decrees 3/2020 and 4/2020 forbidding transactions in...
Industry The number of private industrial facilities licensed according to the Industry Law 21/1958 reached 1,441 in 2019 while four were licensed in accordance with the Investment Law. The total capital of the licensed...
Monetary The 100-year old Syrian Pound came close to hovering near the SYP 1,000 to the US Dollar mark. The Syrian Pound was issued for the first time in 1919. It was linked to...
Energy Domestic oil production is forecasted to reach 90,000 barrels per day in 2020 compared with 24,000 barrels per day in 2019 following the return of government control over oil fields in northern Syria....