Karam Shaar Advisory LTD

Issue 17

Recapitalizing Private Banks: Urgency and Policy Options

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.

Issue 17

Rethinking Syria’s Place in the Regional Gas Map

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?

Issue 17

Syria’s Aviation in 2025: An Inhibited Recovery

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?

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