Syria’s transitional authorities have intensified anti-corruption enforcement. Does expanded oversight signal genuine accountability or a consolidation of supervisory power within the Presidency?

With private banks holding less than 800 million USD in total equity, recapitalization is urgent. This article reviews banks’ balance sheets, examines the drivers of capital erosion, and proposes solutions.

In the third article of this series, we examine Syria’s place in emerging regional gas corridors. Can it become a genuine energy hub, or will it remain a transit state shaped by external actors?

Syria’s aviation sector rebounded sharply in 2025 following the easing of most US sanctions. Could this extend beyond a narrow regional network? What constraints still limit international reintegration?

Syria’s new leadership has unveiled a Charter for the Unity of Islamic Discourse to promote pluralism within Sunni Islam. It will also consolidate state control over the country’s religious sphere.

Omar Barahmji discusses legislative reform, market recovery, governance, technological modernization, and plans to deepen and integrate the Damascus Securities Exchange within regional financial systems.

With new momentum between Damascus and Baghdad, we examine the feasibility, costs, and implications of reviving the Kirkuk-Baniyas pipeline.

In 2025, the Central Bank announced the unification of official exchange rates and imposed a fixed trading margin between the official and black market rates. How did it track along in reality?

China’s mood toward Damascus is improving. Private trade and investment are recovering, but Beijing’s security and economic calculus continue to cap cooperation.

The suspension of many U.S. sanctions removed a layer of complex regulatory restrictions. However, remaining tariff and non-tariff barriers continue to keep Syrian exports commercially unviable.

Mapping nighttime light provides a rare insight into Syria’s recovery. Analysis shows that government-controlled cities are experiencing a surge, whereas As-Suwayda stands as a glaring outlier.

Karam Shaar— A year on, Syria has almost certainly recovered faster than forecast. However, the overall economic direction is increasingly unclear with multiple worrying signs.