Lead Story

Banking Sector Assets Reach SYP 1.74 trillion

The assets of the Syrian commercial banking sector reached SYP 1.74 trillion (USD 36 billion) at the end of the first quarter of this year, according to the Central Bank of Syria. Read

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Agriculture&Water: AFESD to Fund Study for Water Transfer Project

The Arab Fund for Economic and Social Development (AFESD) has agreed to provide a grant to the Syrian Government for a water project. Read

Economy: US Appoints Ambassador to Damascus

The United States has announced that it was reappointing an ambassador to Damascus four years after it withdrew its envoy there. Read

Finance: Al-Alamiah to Process Remittances to the Philippines

Al-Alamiah, a local foreign exchange company, has signed an agreement with a Filipino firm to process the remittances of Filipino based in Syria to their home country. Read

Finance: Bank of Jordan-Syria to raise Capital to SYP 3 Billion

Bank of Jordan-Syria is doubling its capital to SYP 3 billion through a rights issue. Read

Finance: UIC Becomes Eleventh listed Company in DSE

United Insurance Company (UIC) has received a final approval to have its shares listed in the Damascus Securities Exchange starting July 2, 2009. Read

Industry: Nexant Appointed to Conduct Study for Fertilizer Plant

Nexant, a UK-based consultancy, will conduct a technical and feasibility study for the development of a phosphate-based fertilizer project on behalf of the Syrian-Qatari Holding Company (SQHC). Read

Industry: Government Sets Floor Prices for Imports of Manufacturing Products

The Syrian government has set minimum prices on a large list of imported manufactured products in a move aimed at protecting local industry. Read

Oil&Gas: WOQOD Plans to Build Petrol Stations Network in Syria

Qatar Fuel (WOQOD) is planning to establish a network of petrol stations in Syria, according to Mahrukat. Read

Power: Metka Signs Deir Ali Contract

Metka has announced that it had formally signed on June 25 the contract for the construction of a 700 MW combined cycle power plant in Deir Ali, south of Damascus. Read

Real Estate: Company Profile: Halcrow Syria

Halcrow, an international consultancy firm based in the UK, plans to make Syria the regional hub of its operations in the Middle East, Haysam Jazairi, general manager of Halcrow Syria, has said. Read

Transport: Gulf Air to Fly to Aleppo

Gulf Air, Bahrain's national carrier, has announced that it will run flights to Aleppo starting July 2, 2009. Read

B2B: Listing of the latest companies registered in Syria

Four new companies licensed recently by the Ministry of Economy & Trade, including a joint-venture between the Dandashi and Binladin groups as well as a venture by Al-Mashrek. Read

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Events

23 events listed in our diary. Read

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