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The Syria Report

@TheSyriaReport

The leading source of economic, business and financial information on Syria. Provides a host of on-demand information. Subscribe @ https://t.co/dEjSirs3TI

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linkhttp://www.syria-report.com/ calendar_today06-07-2011 08:05:07

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🏡 The concept of Improvement Fees: When public projects enhance property value, landowners, whether built or not, may face an improvement fee. Governed by the Financial Law of Administrative Units (Law No. 37, 2021), this regulation replaces the former Law No. 98, 1965.

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💰 Crypto giant Binance slapped with a massive $4.3 billion fine by U.S. authorities for breaching sanctions in Syria, Iran, N. Korea, Crimea, and Cuba among other jurisdictions. 🚫 🌐

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💸 In 2023, all four auctions by the Ministry of Finance fall drastically short, achieving only SYP 353 billion out of the targeted SYP 800 billion. Funding challenges loom large as the latest auction on Nov 22 secures just SYP 65.5 billion of the aimed SYP 200 billion.

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Since February 2019, the Central Bank of Syria has initiated a number of debt security sales in order to raise funds. The following is a table showing the different debt instruments it has issued.

Since February 2019, the Central Bank of Syria has initiated a number of debt security sales in order to raise funds. The following is a table showing the different debt instruments it has issued.
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🏚️ Nine months post the devastating February 6 earthquake, Aleppo residents still await alternative housing due to delays in government projects. In Aleppo city, 53 buildings collapsed, and hundreds were damaged.

hlp.syria-report.com/hlp/no-alterna…

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📉 The Katerji brothers, key influential business figures, publicly confront Damascus by airing the challenges and obstacles they face in several large investment projects.
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🔎Sneak peak into this week's featured companies:

Group RG LLC Import, export, and wholesale and retail trade of construction materials.

Scalipe Steel LLC Wholesale and retail trade of construction materials.

Educational Outlets LLC Online school.

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🏡 The Ministry of Local Administration and Services in Idlib launches a competition for two youth housing projects. Open since November 12, it invites urban planning enthusiasts to contribute design studies for the North and South Youth Housing projects.

hlp.syria-report.com/hlp/competitio…

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📰 Dive into the latest insights on Syria with our Press Selection! 🌐 This week's compilation features 50 reports, papers, and articles covering a spectrum of perspectives. Stay informed and engaged with the dynamic developments in the region.
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💼 The Syrian government multiplies by five the fines against private security companies & announces two new lucrative contracts for citizens to voluntarily join the army. These moves suggest Damascus Wants to Attract Men Into Army Away from PSCs
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🚢 Maersk leaves Syria! After over a decade, the shipping giant cites international sanctions as the factor that pushed them to wind down operations in the country. The last Maersk vessel docked in Syria on Tuesday. 📅 
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🚢 Maersk leaves Syria! After over a decade, the shipping giant cites international sanctions as the factor that pushed them to wind down operations in the country. The last Maersk vessel docked in Syria on Tuesday. 📅  #Maersk rb.gy/ycrf3l
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CHART OF THE WEEK: This chart provides an overview of the monthly capital and profits of HTS-Linked Namaa Investments between its establishment in 2021 and October 2023.

CHART OF THE WEEK: This chart provides an overview of the monthly capital and profits of HTS-Linked Namaa Investments between its establishment in 2021 and October 2023.
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🏢 Syrian Engineers' Syndicate suggests amendments to building codes based on a study of the February 6 earthquake impact.

Read the full article for free here:
hlp.syria-report.com/hlp/engineers-…

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Controversy brews as Syrian Trade Establishment reveals SYP 33 billion profits for the first 10 months of 2023. With rising prices for goods, criticism surfaces from pro-government media and the public. The STE, with 1,300+ stores, monopolizes sales of subsidized food products.

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📜 Ministry of Justice issues Circular No. 17 instructing judges to define nature of sold properties in rulings. Emphasis on distinguishing property ownership, 'furoogh' for shops, or non-commercial lease to ensure precision in real estate transactions.

hlp.syria-report.com/hlp/explained-…

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🌐 Syrian Telecommunications Company implements the first phase of a Chinese grant to enhance the country's phone and internet infrastructure. With unreliable services amid power outages and war damage, this collaboration aims to address connectivity challenges.

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Chart of the week: This chart provides an overview of the funding of early recovery projects in Syria as part of the Syria Humanitarian Response Plan between 2012 and 2023.

Chart of the week: This chart provides an overview of the funding of early recovery projects in Syria as part of the Syria Humanitarian Response Plan between 2012 and 2023.
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🌍 Damascus renews UN aid authorization for Bab Al-Salameh and Al-Rai border crossings into northwest Syria until February 13. Meanwhile, WFP warns of further cuts in January 2024.

Subscribe and learn more: syria-report.com/damascus-renew…

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🔎Sneak peak into this week's featured companies:

Akalina Agriculture LLC Import, export, wholesale and retail trade of agricultural supplies, seeds, and crops.

Educational Outlets LLC Online school.

Al-Shiraa LLC General non-residential construction.

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🚨 Former Lattakia Governor, Major General Ibrahim Khader Al-Salem, arrested for charges including bribery, forgery, public funds embezzlement, and seizing state properties.  10 officials nabbed, 4 hiding.

Read the full article for free here: hlp.syria-report.com/hlp/former-gov…

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