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With Syria's corruption-ridden economy in shambles after the overthrow of Bashar Assad, the caretaker government's priority is to raise cash and bring stability. A new Syrian government struggles ...
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 ...
International sanctions against Syria are a series of economic sanctions and restrictions imposed on Syria which was under the Ba'athist regime at that time by the European Union, the United States, Canada, Australia, and Switzerland, mainly as a result of the repression of civilians in the Syrian civil war from 2011 onwards.
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]
On 18 November, rebels took control of Base 46 in the Aleppo Governorate, one of the Syrian Army's largest bases in northern Syria, after weeks of intense fighting. Defected General Mohammed Ahmed al-Faj, who commanded the assault, stated that nearly 300 Syrian troops had been killed and 60 had been captured, with rebels seizing large amounts ...
The rebels quickly took control of Aleppo, one of Syria's largest cities, Hama, and the strategic city of Homs, which sits at an important crossroads linking Damascus to the coast.
The economy has contracted 60%, and the Syrian pound has lost 80% of its value, with the economy becoming part state-owned and part war economy. [294] At the outset of the civil war, Syria was classified by the World Bank as a "lower middle income country." [295] In 2010, Syria remained dependent on the oil and agriculture sectors. [296]
Syrian civil war; Part of the First Arab Spring, the Arab Winter, the Second Arab Spring, the Iraqi civil war, the war against the Islamic State, the war on terror, the Kurdish–Turkish and Arab–Israeli conflicts; and the Iran–Turkey, Iran–Israel, Iran–Saudi, Qatar–Saudi and Russia–U.S. proxy wars