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Idlib witnesses a construction 'boom'

(Eqtsad)- The liberated areas in the north of Syria is witnessing a relative calm after the “de-escalation of tension” agreement which resulted in Idlib city’s streets and markets and its countryside witnesses relatively active commercial movement. This situation was reflected in the...

PYD competes with regime in buying grain in Hasaka

Reporting by Mohamed Hussein (Eqtsad)- Harvesting of the wheat crop was nearing completion in the Hasaka province more than a week after its launch, while the recurrence of fire incidents worried farmers whose fields were still waiting for the harvesters to enter. Mr. Ibrahim, a farmer from...

Homs countryside: worst grain season in 20 years

(Eqtsad)- Siege and drought of groundwater wells and the lack of rain affected the winter grain crop in the northern besieged Homs countryside. Some agricultural engineers have expected a drop in grain to about a quarter of last year's level and 10 percent higher than in 2011. Agricultural...

How do Syrians handle savings in absence of banks

Reporting by Shams el-Din Matoun (Eqtsad)- Many of the rich people of the city of Idlib managed to preserve their capital and trade under the conditions prevailing in the province. Their biggest concern remained is how to save money especially since the banks stopped working like other vital...

How Syrian employees adapt with prices hike

By Ahmed Khalil (Eqtsad)- The cost of living has significantly increased in Syria reaching levels exceeded the ability of current salaries and income to cover. Salaries of employees in Syria range between SP25,000 and SP42,000 according to the grade (from grade 5 to grade 1 respectively) and...

YPG militia steers the economic wheel of Manbij

(Eqtsad)- The city of Menbij is witnessing an economic recovery and rebuilding activities, in addition to activating the commercial activities in the city, because it is a connection point linking Eastern and Northern parts of the country, amid accusations of monopolising by many traders in...

Syria's million-ton Russian wheat deal in jeopardy

A deal struck in October for Syria to buy one million tons of wheat from its ally Russia to prevent bread shortages in government-held areas has not been fulfilled and may never be, Syrian and Russian government sources said. A Syrian government official with knowledge of the deal said a...

Despite war, rise in olive oil exports

(Eqtsad)- Syria has exported more than 20,000 tons of olive oil in 2016 mostly at Gulf countries followed by Europe, even to Spain, Italy and Greece, the internationally well know producers of olive oil. Abo Hashim, an olive oil exporter, mentioned that last year has the highest amount of...