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Since the establishment of the First Syrian Republic in 1946, the economy has undergone many structural and other changes. [16] Although the presence of the Allied forces during World War II stimulated commerce by providing markets for agriculture, textiles, and other locally manufactured goods, Syria lacked both the infrastructure and the resources to achieve economic prosperity. [16]
Syria's new Islamist leaders are undertaking a radical overhaul of the country's broken economy, including plans to fire a third of all public sector workers and privatising state-run companies ...
Ahmed al-Sharaa met with European Commissioner Hadja Lahbib in Syria on 17 January 2025. The French and German foreign ministers visited Syria in early January 2025, where they met with al-Sharaa and expressed a will to "support Syria" but also stated that they would refuse to become "a financier of Islamist structures".
Through Syria's 10-year civil war, Makhlouf had helped Assad evade Western sanctions on fuel and other goods vital to his military campaign. Special report: A collapsing economy and a family feud ...
In 1998, Syria began a slow rapprochement with Iraq, driven primarily by economic needs. In this period, Syria continued to play an active pan-Arab role, which intensified as the Israel-Palestine peace process collapsed in September 2000 with the start of the second Palestinian uprising ( Intifada ) against Israel.
This meeting, Nour said, would be aimed at finding a longer-term solution to Syria's 13-year-old simmering civil war – in particular its underpinning by non-state actors such as Hezbollah at a ...
Syria has produced cotton since ancient times, and its cultivation increased in importance in the 1950s and 1960s. Until superseded by petroleum in 1974, cotton was Syria's most important industrial and cash crop, and the country's most important foreign exchange earner, accounting for about one-third of Syria's export earnings. In 1976, the ...
Pumpjack. Energy in Syria is mostly based on oil and gas. [1] Some energy infrastructure was damaged by the Syrian civil war.There is high reliance on fossil fuels for energy in Syria, [2] and electricity demand is projected to increase by 2030, especially for industry activity such as automation. [3]