Karam Shaar Advisory LTD

By: Karam Shaar Advisory LTD

Syria’s Private Banking Sector

Syria’s private banking sector has faced near-total collapse since 2011, driven by sanctions, de-risking, and the loss of correspondent banking

By: Karam Shaar Advisory LTD

Assad’s Crony Capitalism

How to dismantle Assad’s crony capitalism? With figures like Rami Makhlouf, the Katerji family, and Samer Foz controlling key sectors,

By: Karam Shaar Advisory LTD

Syria in Figures – Sixth Edition is out!

In this issue: Syria’s caretaker government – Who’s who and why its composition matters. The state of Syria’s domestic debt

Syria’s External Debt Breakdown
By: Karam Shaar Advisory LTD

Syria’s External Debt Breakdown

Syria’s external debt is a puzzle. While official figures suggest $30B owed, leaked Iranian documents put the real debt at

Who Controls Syria’s Oil Contracts?
By: Karam Shaar Advisory LTD

Who Controls Syria’s Oil Contracts?

Syria’s oil sector is in limbo: Pre-2011: Western companies held PSAs. 2011-2024: Russia & Iran took over major fields. 2025?

UN Sanctions on HTS
By: Karam Shaar Advisory LTD

UN Sanctions on HTS – What’s Next?

HTS controls key areas in Syria, but UN sanctions remain in place. Can delisting happen? Would dissolving the group be

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