More Companies Shut Down in Syria’s Regime-Run Areas

A general view of Damascus in 2018 (Reuters)
A general view of Damascus in 2018 (Reuters)
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More Companies Shut Down in Syria’s Regime-Run Areas

A general view of Damascus in 2018 (Reuters)
A general view of Damascus in 2018 (Reuters)

Areas controlled by the Syrian regime have witnessed the liquidation of 50 companies in the last three months, reported the government-aligned Al-Watan daily.

This is equivalent to 75% of the total number of companies that have dissolved themselves since the beginning of 2022, which amounted to 79 companies, according to the director of companies at the Ministry of Internal Trade and Consumer Protection of the regime, Zain Safi.

Al-Watan also said that the owners of the dissolved companies refused to comment to the media about the reasons their businesses were shut down.

Hassan Hazouri, a lecturer at the Faculty of Economics at Aleppo University, believes that the regime’s policies have transformed the Syrian economy from a productive economy to a service economy.

It did that by encouraging sectors such as tourism and trade, at the expense of real production sectors such as agriculture and industry.

Hazouri further criticized Damascus’ ill-considered policies when it comes to resolving economic problems. These policies have ruined the economic standing of Syria further, which prompted an exodus of local businesses.

Moreover, many business owners in Syria were forced to either permanently or temporarily shut down their operations. Those who didn’t sell or liquidate their business, left their company working at minimum capacity.

Last September, Syrian businessman Ayman Bergenjiki, owner of Indomie Syria, announced that the factories producing the instant noodles have permanently ceased operations in Syria. He then reversed this declaration by indicating that it could potentially resume work.

Last week, local media also reported the closure of about 25% of dairy and cheese production workshops and facilities. The closure came as the dollar exchange rate exceeded the threshold of SYP 5,000.

The rise in the dollar exchange rate in Syria has produced market turmoil and a hike in production costs.



5 Israeli Soldiers Charged with Assault on a Palestinian Detainee 

Israeli soldiers walk over the rubble of damaged buildings at Tulkarem refugee camp, in the West Bank city of Tulkarem, 19 February 2025. (EPA)
Israeli soldiers walk over the rubble of damaged buildings at Tulkarem refugee camp, in the West Bank city of Tulkarem, 19 February 2025. (EPA)
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5 Israeli Soldiers Charged with Assault on a Palestinian Detainee 

Israeli soldiers walk over the rubble of damaged buildings at Tulkarem refugee camp, in the West Bank city of Tulkarem, 19 February 2025. (EPA)
Israeli soldiers walk over the rubble of damaged buildings at Tulkarem refugee camp, in the West Bank city of Tulkarem, 19 February 2025. (EPA)

Israeli military prosecutors have charge five soldiers with assault over an attack on a Palestinian detainee in which they sodomized him with a knife.

The military said the July 5, 2024, attack in the Sde Teiman facility “caused severe physical injury to the detainee, including cracked ribs, a punctured lung and an inner rectal tear.”

It said the soldiers took the detainee to a separate area, blindfolded and handcuffed, before assaulting him. It said the evidence for the attack was “extensive” and included footage from a security camera.

The five were among nine Israeli reservists arrested last July over the attack. A defense lawyer at the time denied the allegations, saying the soldiers responded with force when the detainee attacked them.

Their arrest triggered angry protests by supporters demanding their release, including members of parliament and at least two government ministers. Hard-liners in Israel have called for harsh treatment of suspected Hamas fighters.