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The Syrian lira is facing turmoil in the foreign exchange market, with the Syrian Central Bank unable to support the currency because of a significant deterioration in its reserves. There are undoubtedly many economic and political reasons for the decline in the bank’s role. Specifically, however, the end of financial support from Iran has put the bank in a state of paralysis.
A new Syrian telecommunications company could be indirectly tied to Iran's Islamic Revolutionary Guard Corps (IRGC), a probe has found. A joint investigation by the NGOs the Organised Crime a...
Syria’s licensing of a third mobile operator, Wafa Telecom, looked like another effort by authorities to seize control of the lucrative telecoms sector.
Syria’s newest operator Wafa Telecom has been linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) by an investigation conducted by the NGOs OCCRP (Organised Crime and Corruption and Reporting Project) and OPENSyr (Observatory of Political and Economic Networks).
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