The Syria Report - Economy, Business and Finance - Syria and the Middle East


Monday 12 May 2008

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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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