The UAE-based Dana Gas announced on Wednesday the signing of a memorandum of understanding (MoU) with the Syrian Petroleum Company (SPSC) to assess opportunities for redeveloping existing gas fields in Syria that were damaged by the war. Dana Gas, headquartered in Sharjah and listed on the...

Syrian Minister of Economy and Industry Nidal al-Shaar discussed ways to enhance economic and technological cooperation between Syria and the United States, open new horizons for American investments in the Syrian market, and ease trade restrictions imposed on his country on Friday in...

Damascus – In an unprecedented move, Syrian President Ahmad al-Shara held a meeting in New York during his recent visit with representatives of 40 major American and international companies on the sidelines of the UN General Assembly meetings, following the lifting of US and international...

- An "exclusivity agreement" during negotiations is a common procedure, especially for large investments. - During the field research and negotiation period, it is unfair for Novaterra to spend millions of dollars without any commitment from the Syrian government. - Western insurance...

In an exclusive statement to Al Arabiya English, Syria’s Minister of Tourism Mazen al-Salhani hailed a landmark redevelopment deal with Saudi Arabia as “a major step forward in our efforts to revitalize Syria’s tourism industry and unlock its true, full potential.” A Saudi hospitality group...

Saudi Arabia will organize a Saudi-Syrian investment forum in Damascus, aimed at exploring the potential for cooperation and signing deals that should promote sustainable development, the Saudi investment ministry said in a statement on Tuesday. The statement did not set a specific date for...

For the first time in more than a decade, Syria has exported its first industrial shipment to the United States, following a decade and a half of sanctions and cessation. Yesterday, Tuesday, the first industrial shipment departed from a Syrian facility to the United States, loaded with plastic...

The Jordanian General Customs Department announced that the number of Jordanian trucks entering Syria from December 16, 2024, to July 2, 2024, reached approximately 31,434. According to what was reported by the Jordanian Customs Department, the construction sector topped the list of sectors...

The Ministry of Finance lifted the precautionary freeze on the assets of a number of Syrian businessmen, which had been frozen during the years of Bashar al-Assad's regime, as part of what was then described as "preventive seizure" measures. Among the names included in the decision are:...

China can continue to buy Iranian oil, US President Donald Trump said Tuesday in what appeared to be relief for Tehran from sanctions Washington has previously imposed to punish the trade. “China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the...

The duty-free sector in Syria is witnessing a worsening crisis that threatens the future of hundreds of employees. This comes after the appointment of Muhammad Issa as a judicial guardian of the company, while Muhammad Hamdoun remains as General Manager and Murshid al-Ar remains his deputy....

At the height of the economic crisis that swept Syria before the fall of Assad, while citizens stood in long lines to obtain a few liters of fuel, the threads of an organized corruption network for smuggling and stealing petroleum products were exposed. Operating under the guise of "Friends'...

The "US-Syria Business Council" was established in Washington, D.C., on Saturday, as an independent, non-profit, and non-political organization, according to an official statement. The council, which includes businessmen and legal and economic advisors from both sides, presents itself as a...

Binance will allow users in Syria to trade in cryptocurrencies, including bitcoin, on the platform following the United States’ decision to lift sanctions on the country last month, the company said on Thursday. Binance, the world’s largest cryptocurrency exchange, said that Syrians will be...

We want to work with a system of continuous power and permanent reforms. We do not want reform to be a temporary change like a storm. With the victory of the revolution, the end of Assad's rule, and the entry of a large number of Salvation Government cadres into government departments and...

Trading resumed on the Damascus Securities Exchange Monday after a six-month closure, as Syria’s new leaders attempt to shore up the country’s battered economy and begin rebuilding after nearly 14 years of civil war. The stock exchange had closed during the chaotic days leading up to the...

At least four banks will get relief from Tokyo as Japan on Friday decided to partially lift sanctions on Syria, NHK News reported. Top Japanese government spokesman Hayashi Yoshimasa told reporters that Tokyo should “support positive efforts in Syria and help improve the lives of its people,...

The Syrian government is to sign a deal with four companies on Thursday to expand its electrical grid by 5,000 megawatts, potentially doubling supply in a country that has suffered severe power shortages after more than a decade of conflict. State-supplied electricity is available in Syria...

Jonathan Bass, CEO of the American liquefied natural gas company Argent, revealed a strategic plan to develop the energy sector in Syria, which is currently on the table with US President Donald Trump. He noted that the American and Syrian sides are already in discussions about it. Bass...

The Syrian General Authority for Land and Sea Ports announced the signing of a "strategic" memorandum of understanding with CMA CGM, a global leader in maritime transport and logistics services, to establish and operate dry ports in both the Syrian-Jordanian Joint Free Zone and the Adra Free...