In this edition:

Ringing the Alarm Bells – Syria may be facing its worst drought in decades.

Shifts in Company Registrations – Is foreign participation growing in post-Assad Syria?

Taxes in Syria, Episode Two – Direct taxes decline as regressive fees surge. Trapped Funds – Syrian deposits remain stuck in Lebanese banks, with no recovery in sight.

External Contribution from Aaron Zelin – ISIL and al-Qaeda: weakened, but not eliminated.

Interview with Karam Bechara – Syria’s banks are compliant and ready to reconnect internationally.