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Lead story
New Player to Enter Syria’s GSM Market
Syria’s mobile phone industry, the country’s most lucrative business sector, is to be overhauled as the Government announces the launch of a bidding round for a third operator as well as the sale of a license to the existing two operators. Read
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News
Agriculture: Government Provides Update on Works on the Tigris River Project
A Syrian state official has announced that the very first phase of works on the project to divert water from the Tigris River was about to be completed. Read
Agriculture: Ministry of Economy Sets New Wheat Prices
The Ministry of Economic and Trade has issued the new prices for wheat sold by the General Establishment for Cereals Trade and Processing, also known as HOBOOB, to factories and private mills. Read
Education: A New Private University Opens in Syria
A new private university, the country’s sixteenth, has opened in Syria. Read
Finance: Arab Bank Group to Increase Stake in Syrian Subsidiary
The Arab Bank Group has decided to raise its stake in its Syrian affiliate, Arab Bank-Syria, which has recently announced plans to increase its capital to SYP 5.05 billion. Read
Finance: Government Tightens Banking Secrecy Rules
The Government has issued a decision restricting the possibility for the Ministry of Finance to break banking secrecy rules. Read
Industry: Dutch Company Ends Ties with Syria as it Prepares NYSE Listing
LyondellBasell Industries NV, a Dutch producer of polyolefin, has announced that it was ending its business ties with Syria, as well as with Iran and Sudan, as it prepares to list on the New York Stock Exchange. Read
Industry: Government Cancels Deal for Private Sector Management of State-Owned Cement Plant
Altoun Group has withdrawn from the contract it had won earlier this year to invest in, and develop, a state-owned cement plant. Read
Industry: USD 20 Million Milk Plant to Open in Adra
The Arab Pharmacists Union has approved a project by its Syrian branch to set up a baby milk plant in Syria at a cost of USD 20 million, according to Adib Shanan, chairman of APU. Read
Industry: Addendum: Syrian Supplies of Medicines Violating Intellectual Property Rights
In a story published on July 26 we had reported that Syria became in 2009 a major source of medicines entering the European market in violation of intellectual property rights, according to the European Commission Customs Office. Read
Oil and Gas: Bid Round for Onshore Blocks Extended to December 8
The Ministry of Petroleum and the General Petroleum Corporation have extended the deadline for a bid round for eight onshore blocks. Read
Real Estate: New Rules to Regulate Real Estate Brokerage Practices
The Government has issued a decision regulating the management of real estate brokerage companies. Read
Trade: Importers to Print their Names on Product Labels
The Ministry of Economy has issued a decision obliging all importers of garments, shoes and home appliances to print their names on every item they import. Read
Listings
Listing of the latest companies registered in Syria
Twenty-two new companies recently licensed by the Ministry of Economy and Trade. Read
Listing of Foreign Companies Branches in Syria
Two foreign companies have recently opened a branch in Syria. Read
Markets
Financial Market Weekly Update: DWX Rises 1.02 Percent
The DWX index closed at 1,553.28 on August 29, posting a six-day increase of 1.02 percent. Read
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Events
2 new events out of 14 events listed in our diary. Read
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