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| Tuesday 09 February 2010 | |
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Lead Story Global Crisis Had Limited Impact on Syrian Economy - IMF Report Syria’s economy continued to grow at about 4 percent last year, as the impact of the global crisis remained limited, an IMF report said. Read Q&A: Ali Abbas, Director-General, General Petroleum Corporation The General Petroleum Corporation (GPC) has released a strategic plan with projections for oil and gas production and reserves up to 2025. The Syria Report talks to Ali Abbas, Director General of GPC, on the findings of the report and the current situation of the sector. Read Finance: Financial Market Weekly Update: Trading Volumes Grow to SYP 157 million The Damascus Securities Exchange has posted a weekly increase of 55.7 percent in trading volume. Read Finance: Al-Junaidi & Partners Receives License to Open FX Bureau in Homs The Central Bank of Syria has licensed a new money exchange bureau which will operate in the city of Homs. Read Finance: AMAN Granted New Extension for IPO Dubai Islamic Insurance and Reinsurance Company, known as AMAN, has been granted an extension period of six months to set up a Takaful insurance firm in Syria. Read Finance: Fouad Hannoun Resigns from Arabia Insurance Fouad Hannoun, the General Manager of Arabia Insurance Syria (AIS), has resigned and will leave the company by the end of this month. Read Finance: EFG-Hermes Seeking to Open Full-Fledged Unit in Syria EFG-Hermes Holding, an investment bank in Egypt, has said that it wanted to open a fully-fledged unit in Syria before the end of this year. Read Industry: Al-Hani Group to Open First Lime Plant in Syria Hani Maklouf, CEO of Al-Hani Trading Group, announced that it had completed construction works on a lime plant it is building in cooperation Italy’s Tirozzi Co., and other international firms. Read Oil&Gas: Decline in Global Prices Reduces Oil Subsidies Bill by 96 Percent Syria’s oil subsidies bill fell by some 96 percent last year as global oil prices declined and retail prices in the local market increased. Read Oil&Gas: Syria Faces Delays in Oil Refinery Projects Venezuela might increase its stake in the Furoqlos Oil Refinery project to provide it with the financing needed for its launch, Sufian Al-Allaw, Syria’s Minister of Petroleum, said. Read Tourism: Arabtec to build a 5-star Yasmeen Rotana Hotel Bena Properties has awarded Arabtec Holding a USD 67 million contract to build the Yasmeen Rotana Hotel in Damascus. Read B2B: Listing of the latest companies registered in Syria Thirteen new companies licensed recently by the Ministry of Economy & Trade. Read Ministry of Local Administration Ministry of Labor and Social Affairs Syrian Textile and Garment Exporters Association Tenders Agriculture and Tobacco (20 Tenders-4 New) Construction (11 Tenders-6 New) Energy and Chemicals (62 Tenders-7 New) Textile (7 Tenders) Transport (12 Tenders-2 New) Various industries (32 Tenders-4 New) Water (1 Tender) Events 1 new event out of 17 listed in our diary. Read
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