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SYRIA

Brussels sanctions Cham Wings Airlines

Syria's Cham Wings, which has operated numerous flights between Damascus and Minsk in recent months, has been sanctioned by the European Union because of its role in the migrant crisis. Yet boss Issam Shammout is determinedly pursuing the company's international expansion from the United Arab Emirates. [...] (375 words)

Issue dated 14/12/2021 Reading time 2 minutes

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International Dealmaking

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Bashar al Assad
Cham Wings Airlines
Damask Mix
European Union
Issam Shammout
Mahan Air
Nour Eddin Shammout
Noural Aluminium Extrusion
Rami Makhlouf
Samer Foz
Shammout Group
Sky Blue Bird Aviation
UN
World Food Programme

Aleppo transport magnate Fares al-Shihabi sees chance to shake up sector

With air traffic booming in Aleppo after airstrikes forced flights away from Damascus, the northwestern city's most prominent businessman Fares al-Shihabi is eyeing a broader boost for the region and for Syria's neglected rail sector.

SYRIA 24/03/2022

Bashar Al-Assad confirms hold on telecoms sector with launch of new operator Wafa

Syria's telecoms sector, which plays a strategic role in the country, has been in disarray following the family dispute between Bashar Al-Assad and his cousin, telecoms tycoon Rami Makhlouf. In launching a new operator, Wafa Telecom, the authorities are ensuring their control of the field.

Spotlight

RUSSIA 10/12/2021

EU blocks Sergey Shilov-led Skol Airline's regional expansion plans

In a climate which is unfavourable to air transport operators in Minsk, Skol Airline, a leading Russian helicopter operator headed by businessman Serguey Shilov, has had its regional expansion plans blocked by a ban on flying over EU territory.

SYRIA 07/12/2021

Before EUCJ, Samer Foz's colossal investments in Marota City exposed

Like other Syrians sanctioned in Europe, Syrian businessman Samer Foz has failed to have EU sanctions overturned by the EUCJ. In the meantime he continues to do business out of Dubai, investing heavily in Damascus' Marota City project.

SYRIA UNITED ARAB EMIRATES 22/11/2021

Syrian firms use Expo 2020 Dubai to get back into the international business scene

The colours of Bashar Al Assad's Syria topped the bill at Expo 2020 Dubai on 14 November but Syrian companies like Cham Wings Airlines and Cham Holding were there above all for business reasons. They wanted to show that they are confident of their ability to get back into the regional business scene despite the American and European sanctions still weighing on them.

Among the Syrian artworks presented at the Syria Pavilion of the Dubai Expo is a portrait of First Lady Asma Al Assad, 14 November 2021.

Spotlight

BELARUS SYRIA 15/11/2021

Minsk makes murky play to become first EU migrant smuggler

From Damascus, Minsk has constructed a web of a dozen travel agencies which recruit migrants who are eventually taken to EU borders. This is taking place against a background of rejuvenated diplomatic activity in the Middle East by Lukashenko who is keen to renew ties with his longstanding Syrian ally.

SYRIA 19/01/2021

WHO and WFP work with companies close to Assad

UN agencies continue to have business relations with the Damascus regime but some prefer to reveal little about their contracts with local tycoons.

A shipment of humanitarian aid delivered via Cham Wings Airlines to Benghazi in January 2021.

SYRIA 27/05/2020

Damascus engineers Rami Makhlouf's downfall

The purge launched by the Assad clan against Rami Makhlouf's empire has begun to have an impact. The billionaire who has fallen out with his cousin, President Bashar Al Assad, is gradually losing the support of his entourage.

Set up email notifications for these topics

Bashar al Assad
Cham Wings Airlines
Damask Mix
European Union
Issam Shammout
Mahan Air
Nour Eddin Shammout
Noural Aluminium Extrusion
Rami Makhlouf
Samer Foz
Shammout Group
Sky Blue Bird Aviation
UN
World Food Programme

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Barzan Holdings, Qatar's defence industry giant springing up out of the desert

Badr Jafar, the businessman 2.0 taking hold in the UAE

Brussels sanctions Cham Wings Airlines

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Aleppo transport magnate Fares al-Shihabi sees chance to shake up sector

Bashar Al-Assad confirms hold on telecoms sector with launch of new operator Wafa

EU blocks Sergey Shilov-led Skol Airline's regional expansion plans

Before EUCJ, Samer Foz's colossal investments in Marota City exposed

Syrian firms use Expo 2020 Dubai to get back into the international business scene

Minsk makes murky play to become first EU migrant smuggler

WHO and WFP work with companies close to Assad

Damascus engineers Rami Makhlouf's downfall

Set up email notifications for these topics

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