MAKING SENSE OF SYRIA'S ECONOMY

Karam Shaar Advisory LTD

Issue 18

Fragility and the Captagon Trade in Southern Syria

Syria’s captagon trade has been disrupted since Assad’s fall, but fragility along the Jordanian border, economic deprivation, and dispersed local networks continue to sustain remnant activity.

Issue 18

Syria as a Land Transit Corridor

A Türkiye–Iraq convoy crossed Syria via Tel Abyad and al-Yaroubiya, highlighting the country’s potential as a land corridor amid insecurity in the Strait of Hormuz and Red Sea.

Issue 18

Saudi Pledge Dwarfs Past Syria Aid

Saudi Arabia’s USD 1.5 billion pledge far exceeds past reported Syria funding, but its links to earlier financing discussions leave delivery mechanisms and new funding unclear.

Issue 18

ISIS in Syria Is Degraded, But Not Yet Eradicated

ISIS attacks in Syria have fallen sharply, with near-record lows in May 2026, but remaining cells and recovery risks require sustained counterterrorism pressure and intelligence support.

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