Karam Shaar Advisory Limited
@KShaar_Advisory
A consultancy specializing in Syria’s political economy. We produce quality policy research, field assessments, KYC, and AI-powered analytics.
🚨 Syria in Figures – Ninth Edition is out! In this edition: ⚡ Powering the Recovery – Syria’s electricity grid remains dysfunctional, but foreign investment may spark revival. We break down the numbers to help you make sense of the latest developments. 💸 Cutting Zeros,…

🚨 New Report Out Now Why are Syrian banks still paralyzed despite sanctions being lifted? kas.de/en/web/libanon… *This study has been conducted by @KShaar_Advisory in collaboration with the #KASLebanon #Syria #BankingSector #InternationalSanctions #PolicyMaking #MiddleEast
سقط نظام الأسد في عام 2024... وفي عام 2025، بدأت الولايات المتحدة ودول أخرى بتخفيف العقوبات المفروضة على سوريا، لا سيّما على القطاع المصرفي. لكن المصارف لا تزال مشلولة، والاقتصاد النقدي يسير على عكازي الحوالات غير الرسمية والدعم الخارجي. 📌 يشرح تقريرنا الجديد عدم كفاية إجراءات…

The Assad regime fell in 2024... And in 2025, the United States and other countries began easing sanctions imposed on Syria, particularly those targeting the banking sector. However, banks remain paralyzed, and the cash-based economy limps along, relying on informal remittances…

📌 الكهرباء في سوريا: الواقع والآفاق بالأرقام والبيانات: ⚡ ما هي التحديات الأكثر أهمية للقطاع؟ 🛢️🌍 كم ستساهم قطر وتركيا في حال الإيفاء بوعودهما؟ وما دور خط الغاز العربي وبرنامج الأمم المتحدة الإنمائي في توريد الغاز؟ 🤝💼 ما هي أهم تحديات القطاع وما محاسن ومساوئ إعلان تحالف…
📌 Electricity in Syria: Current Realities and Future Prospects 🔢 Backed by data and figures: ⚡What are the most pressing challenges facing the electricity sector? 🇶 To what extent could Qatar and Turkey contribute if they fulfill their promises? 🛢 What roles do the Arab…
❓ Shifting Priorities? Andrea Quaden, Executive Director of the Aid Fund for Syria, points to an emerging donor landscape. While traditional aid flows wane, Gulf involvement could open new doors if aligned with recovery needs. 📖 See the full interview in Syria in Figures:…

📑The Syrian Ministry of Interior announced a forthcoming reduction in passport issuance fees by 50% to 70%. This would represent the first significant rollback of one of the former regime’s most extractive and regressive revenue streams. As we noted in the latest issue of Syria…

في خطوة لافتة، فرض الاتحاد الأوروبي عقوبات على خمسة أشخاص مرتبطين بالنظام السوري السابق. 🚫 شملت القائمة ثلاثة ضباط سابقين في الحرس الجمهوري والقوات المسلحة: مقداد فتيحة، غياث دلا، وسهيل الحسن. جميعهم متورطون في انتهاكات جسيمة خلال فترة حكم الأسد، وكان لهم دور في أحداث العنف…


🚫 The EU has sanctioned 5 individuals linked to the former Assad regime under its Global Human Rights Sanctions Regime. Three are ex-members of the Republican Guard and Armed Forces — Miqdad Fatiha, Ghiath (misspelled as Gaith) Dalla, and Suhayl al-Hassan — implicated in…


🚨 Trade, Not Aid: Why the EU Should Grant Syria Tariff-Free Access Now that Syria is slowly reconnecting to the rest of the world, the EU has the opportunity to support economic recovery through Autonomous Trade Measures (ATMs) that grant free access for Syrian exports to…


🎯 Erdoğan sees post-Assad Syria as a golden ticket to political ambitions in 2028. But behind Turkish cement exports and housing projects lies a risky gamble: • Rising ISIS threats • Stiff Gulf and Iranian competition • And a refugee return plan that’s already faltering.…

💸 مضاعفة الرواتب في سوريا: قرار شعبي، عبء مالي، وغموض مؤسسي وقّع الرئيس الشرع مرسوماً برفع رواتب القطاع العام بنسبة 200%. تُقدّر أعداد العاملين في القطاع العام بين 1.25 و1.45 مليون شخص، بحسب مصادر رسمية. ووفق بيانات الإنفاق الحكومي، فإن كلفة الزيادة المُعلنة تبلغ نحو 63.5…

As always, @KShaar_Advisory's latest "#Syria in Figures" is excellent -- full of incisive analysis on the electricity sector, taxation, liquidity & re-denomination & more. As #Syria opens up, it's this economic analysis that's so important. karamshaar.com/syria-in-figur…
Taxes in Syria, Episode Three: The Unseen Burden of Indirect Taxation 💡 In this final article of our tax reform series, we examine how indirect fees have quietly become Syria’s fiscal backbone at a steep social cost. 📈 As direct taxes collapsed, Syria’s reliance on indirect…


💵 How many banknotes do you need to carry $1,000? 🇸🇾 Syria: 1,850 bills (SYP 5,000) 🇱🇧 Lebanon: 898 bills (LBP 100,000) 🇨🇳 China: 71 bills (¥100) 🇷🇺 Russia: 16 bills (₽5,000) 🇬🇧 UK: 15 bills (£50) 🇯🇵 Japan: 14 bills (¥10,000) 🇺🇸 US: 10 bills ($100) 🇪🇺 Eurozone: 2 bills (€500)…
💰 Holding 1,000 dollars in Syria? Be ready to carry 2kg of cash. During our discussions with local and international policymakers, the topic of redenomination in Syria has come up repeatedly. To carry the equivalent of USD 1,000 in Syria today, you’d need 1,850 of the…