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

 

EconomyMinistry 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

 

FinanceSIIB 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
The Ministry of Economy has licensed a list of new companies.
Read

 


Market place

 

Tenders
Agrofood & Tobacco (4)

Energy (11)
Textile (1)
Various Industries (9)


Events
15 events listed in our diary of conferences and exhibitions.
Read


Agriculture&Water
* Wheat production at 4 million tons in 2008
* Brief: Turkey, Iraq, Syria to set-up water institute
Banking & finance
* Byblos Bank Syria's total assets at SYP 17 billion
* SIIB data provide first indicators of potential for Islamic institutions
Economy
* Ministry of Economy announces death of “Negative List”
* Government announces sharp increase in price of gas oil
Education
* IGDE announces profits of SYP 15 million
* Brief: Less than 14 percent of Iraqi children in Syria attend school
Industry
* GOT starts production of Lucky Strike cigarettes
* Nestlé announces profits of USD 20 million in 2007
Media
* Media brief: Dubai to establish modern news centre in Damascus
* UG reports annual turnover of USD 10 million
Oil, Gas & Mining
* Gulfsands sacrifices top executives to continue development of Syrian oil find
* Groundstar, SPC sign PSA on Blocks 14 and 16
Real Estate
* Ouais Group awarded Jasmine Hills project
* Cham Holding, Emaar set-up USD 100 million joint-venture
Telecom & IT
* Syriatel announces 2007 revenues of SYP 40 billion
* MTN Syria announces total revenues of USD 672 million
Tourism
* Four Seasons Hotel’s 2007 revenues at USD 24 million
* Cham Hotels announces profits of SYP 200 million in 2007
Trade
* Trade brief: New imports allowed in Syria
* Trade brief: A large list of imports allowed
Transport
* Al-Sham Shipping announces fall in revenues and profits
* Srilankan to appoint GSA
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