Tag Archives: Economy

Research and Markets: Future of Syria Oil Refinery Markets to 2020 – Outlook of Investments, Business Opportunities, Infrastructure, Petroleum Products, Supply-Demand and Competition

Research and Markets has announced the addition of the “Future of Syria Oil Refinery Markets to 2020- Outlook of Investments, Business Opportunities, Infrastructure, Petroleum Products, Supply- Demand and Competition” report to their offering. The Future of Syria Oil Refinery Markets … Continue reading

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Lebanon cbank head says Syria crisis slowing economy

The growth rate of Lebanon’s economy has roughly halved this year, reflecting the impact of the civil war in neighbouring Syria, the head of the country’s central bank said. In an interview with Lebanese daily Al-Safir published a week after … Continue reading

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Syria seeks big barley imports, unlikely to succeed

By: Maha El Dahan and Jonathan Saul LONDON, United Kingdom – Syria wants to import 600,000 tonnes of barley after violence prevented the local crop from coming to market, an article on the Ministry of Agriculture’s website said, while traders … Continue reading

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How Economic Reforms Are Contributing To The Conflict In Syria

For decades, Syria’s economy suffered at the hands of inexperienced bureaucrats and corrupt officials. Nevertheless, since the 1960s, stability was maintained because the system was largely egalitarian; the economic conditions of most Syrian families were dire, but everyone shared the … Continue reading

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Syria grain trade signals alarm for Assad

By: Jonathan Saul and Michael Hogan LONDON, United Kingdom – Syria is struggling to meet its grain import needs because of sanctions, raising the risk of bread shortages that could sap public support for President Bashar al-Assad as he tries to snuff out … Continue reading

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Syria’s downtrodden flock to Lebanon for work

By: Erika Solomon and Laila Bassam BEIRUT, Lebanon – Huddled under Beirut’s concrete bridges and around street corners are thousands of Syrian men who have left home and crossed the border in recent months in the hope of finding work as … Continue reading

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Editorial: Syrian Heart Patients Set to Feel Economy’s Squeeze

By: Donna Abu-Nasr Joseph Bahri is determined to keep his pharmaceuticals factory in Damascus open, even though he’s running out of key ingredients and can’t afford to import more. “We’re doing our best not to close down,” Bahri said in an … Continue reading

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Syria sugar refineries paralyzed by crisis

By: Jonathan Saul, David Brough LONDON – Escalating violence in Syria has slowed sugar refining to a virtual standstill, with smuggling set to rise as Western sanctions hobble trade finance and disrupt imports of the staple sweetener, trade sources said. … Continue reading

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Syria’s Economy Starts to Crumble

One clear sign of Syria’s distress is the condition of its banks. Deposits fell by an average of 35 percent in 2011 at Bank of Syria & Overseas, Bank Audi Syria, and Banque Bemo Saudi Fransi, according to April filings … Continue reading

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Exclusive: Sanctions block Syria’s vital grain trade

By: Jonathan Saul Syria is finding it increasingly hard to buy grain on international markets because sanctions have blocked its access to trade finance, while growing numbers of its citizens are struggling to obtain food after more than a year of … Continue reading

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