Courtesy of The Wall Street Journal, a look at Syria’s economic challenges ahead: Syrian President Bashar al-Assad has all but won a devastating nine-year war, but he faces a challenge to revive an economy devastated by war, shunned by foreign investors and strangled by Western sanctions. Now, the battered economy is suffering a fresh blow. A plunging […]
Read more »Via Financial Times, an article on the few profiteers made millions picking clean the carcass of the Syria’s economy: This summer, a pair of Syrian brothers journeyed across Europe. Their story did not begin with a rubber dinghy afloat on the Aegean and a scramble for safety on to a Greek island: a well-worn route for […]
Read more »Via the Times of Central Asia, a report on China’s $2 billion investment plan for Syria: China plans to invest $2 billion in the creation of an industrial park in Syria that will initially bring together 150 Chinese companies, Qin Yong, the deputy chairman of the China-Arab Exchange Association, announced on July 9 during the first […]
Read more »Via Foreign Policy, an interesting article on a consortium of elite, well-paid fighters from across the former Soviet Union who are training jihadis in Syria: Heavily armed and expertly kitted with body armor and ballistic helmets, the men can be seen defending bunkers, storming buildings, and even posing by whiteboards giving tactical lessons. Though the titles […]
Read more »Courtesy of STRATFOR (subscription required), a look at Syria’s economic future: Forecast The crippled state of Syria’s economy risks weakening the remaining loyalist support for the government in Damascus. The international involvement in the country’s civil war will leave Damascus with few partners that it can trust to help with its reconstruction efforts. Iran’s investments in […]
Read more »Via Al Arabiya, a report on Iran’s business engagement in Syria: Iran will be granted a license to become a mobile service operator in Syria under agreements to expand economic ties between the countries. Five memorandums of understanding were signed at a ceremony attended by Syrian Prime Minister Emad Khamis and Iranian Vice President Eshaq […]
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