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| Friday 09 May 2008 | |
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Leading story Government announces sharp increase in price of gas oil The Syrian Government has announced a sharp increase in the retail price of gas oil in a move designed to reduce significantly its subsidies bill and its rising budget deficit. Read Economy and Finance Economy: Ministry of Economy announces death of “Negative List” The Ministry of Economy and Foreign Trade has announced that it had completed the liberalization of the country’s import trade. Read Finance: SIIB data provides first indicators of potential for Islamic institutions Syria International Islamic Bank, one of the two Islamic banks active in Syria, had total customers’ deposits of SYP 3.87 billion at the end of last year. Read Finance: Byblos Bank Syria’s total assets at SYP 17 billion Byblos Bank Syria has announced an improvement in its key financial indicators in 2007. Read Business Oil & Gas: Gulfsands sacrifices top executives to continue development of Syrian oil find Gulfsands Petroleum has announced that two of its key executives were resigning from the board and that it was relocating its principal office to London. Read Industry: GOT starts production of Lucky Strike cigarettes The General Organization of Tobacco has started the production of Lucky Strike cigarettes under license from British American Tobacco. Read Transport: Al-Sham Shipping announces fall in revenues and profits Al-Sham Shipping, Syria’s largest shipping company, has announced a drop in both profits and revenues last year. Read B2B: Listing of the latest companies registered in Syria Market place Tenders Energy (11)
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