Cement (872)

16-03-2005
Devon Energy, the US independent oil company has announced that it was withdrawing from Syria and that it wouldn’t be developing the field it was awarded back in May 2003.
01-03-2005
Cement market remains strained as production capacity and distribution bottlenecks fail to cope with rising demand.
01-03-2005
Syria and Iran are working on the establishment of a Free Trade Area between them.
09-02-2005
The rise in price of real estate in Syria, and in Damascus in particular, is expected to pause in the second half of the year, according to analysts in Damascus.
01-11-2004
Syria and the European Union have formally concluded their negotiations on an Association Agreement between them by initialling the text on October 19 in Brussels.
01-11-2004
Not one month goes by without the announcement by a new Arab bank that it has been licensed to operate in Syria.
01-11-2004
Tanganyika Oil Company (TOC) has announced that it has been selected by the Syrian Ministry of Oil to begin negotiations on the redevelopment contract of the Teshreen and Sheikh Mansour fields.
01-10-2004
The Ministry of Finance (MoF) has started streamlining the country's taxation structure by abolishing a set of old taxes and imposing new ones.
01-08-2004
Demand for cement is on the rise. With production stagnating, imports are rising.
01-07-2004
Ministry of Industry continues to seek the involvement of the private sector while avoiding privatization.
01-07-2004
The historic visit of the Syrian President aims at bolstering ties between the two countries following the US sanctions.
01-06-2004
In case any doubts still remained, the Syrian authorities have made sure that their new position towards the future role and size of the public sector is now clear.
01-06-2004
Following the announcement of the implementation of the provisions of The Syria Accountability Act by the American President, the US Treasury announced the same day that it was designating the Commercial Bank of Syria a "Financial Institution of P...
11-05-2004

The full text of the Executive Order by U.S. President George W. Bush implementing sanctions on Syria pursuant to the Syria Accountability Act.

03-05-2004

The English transcript of the interview of Syrian President Bashar Al-Assad with Al Jazeera TV on May 03, 2004.

01-05-2004
The fall in interest rates as well as new legislation has led to a sharp increase in housing prices since the beginning of the year.
01-05-2004
A joint private-public sector mineral oils refinery has been inaugurated and will produce over 200,000 barrels of mineral oils a year.
01-04-2004
Long-term commitment of TOTAL in Syria is in doubt after it fails to clinch the last significant development contract in the Syrian oil & gas industry.
01-03-2004
Tanganyika Oil Company, the operator of the Oude field northeast of Syria, is raising USD 18 million to fund the development of the field.
01-03-2004
Syrian exporters continue to fare badly in export markets. The issue has become more pressing following the gradual opening of the domestic market to foreign competition.
01-03-2004
The General Organisation for Cement and Building Materials (GOCBM) has released tender documents to design and build its estimated USD 150-million, 1 million-tonne-a-year (t/y) production line at the Adra site near Damascus, according to Middle East en...
01-02-2004
The Ministry of Petroleum has announced a new round of bidding for the development of oil and gas fields. Meanwhile, two contracts with foreign oil companies were finalised this month.
01-01-2004

The export of cereals is leading to a loss of SYP 12 billion a year (USD 230 million) for the Syrian treasury, according to Teshreen, the state-owned daily.

01-01-2004
The Ministry of oil awards five new oil exploration rights licenses to Royal Dutch/Shell (Block 2), Ocean Energy from the US (Block 22), Stratic Energy from Canada (Block 17), a joint-venture of IPR from the US and India's state-owned company ONGC (Blo...
01-12-2003
The pace of awards of new contracts remains unabated. Petro-Canada and Veritas this past month, ONGC Videsh, Tatneft, INA Naftaplin in the coming few weeks.
01-12-2003
F. L. Smidth, a Danish engineering group has won a EUR 20 million contract to supply all main mechanical production equipment to the new 1 million-ton production line built in the Hama Cement factory.
07-11-2003

The English transcript of the interview of Syrian President Bashar Al-Assad with Al Hayat on November 07, 2003.

01-08-2003
The long term aim is to reduce import of white sugar through the expansion of production capacity. Private investors have been allowed to enter the sector.
01-08-2003
The Ministry of Industry (MoI) has asked the Ministry of Economy and Foreign Trade (MoE) to delay the trade liberalization of a number of products in order to protect the local industry.
01-07-2003

The Syrian President has taken one of the decisions most awaited by the Syrian economic and business community, the abolition of the two Laws that severely restrict foreign exchange operations and which had been in place for over 17 years.

01-06-2003
Syria and Iran are set to continue to expand their economic cooperation, in particular in the industrial field.
01-05-2003

Private Banking is now a reality in Syria. Whether the introduction of private investors into the financial sector will be enough to revive it remains to be seen, but an important step in the reform of the Syrian economy has now been passed.

01-05-2003

In spite of an official desire, in both Damascus and Beirut, of a strengthening of the economic relations between the two countries, the official level of bilateral trade continues to remain extremely modest and even witnessed a sharp fall last year.

In spite of an official desire, in both Damascus and Beirut, of a strengthening of the economic relations between the two countries, the official level of bilateral trade continues to remain extremely modest and even witnessed a sharp fall last year.

01-04-2003

Financing is one of the major hurdles Syrian entrepreneurs face in developing and expanding their businesses. The lack of a sound, modern and efficient banking sector is clearly to blame for that.

01-04-2003
The Commercial Bank of Syria is set to lower the rates it pays on deposits to 5% from the current 9%.
01-04-2003
After years of below-capacity production, due essentially to mismanagement and ageing machinery, Syria's cement industry has managed to reach production levels close to its capacity of around 5 million tonnes.
01-03-2003

Many reasons, not always convincing, have been put forward to explain the difficulties Syria has in attracting foreign investments. Less attention has been given to the hurdles faced by its local industrialists in the day-to-day running of their business.

01-03-2003
After the award by Lebanon, of the contract to build the Lebanon side of the Syrian-Lebanese gas pipeline, Syria is expected to start pumping gas to its neighbour before the end of the year.
01-02-2003

The Syrian President issued on January 28 a new decree regulating investment in the country's free trade zones (FTZ).

01-02-2003
According to preliminary figures from the Ministry of Tourism, the number of tourist arrivals crossed the 4 million mark last year, the first time ever, to reach a total of 4.3 million.
01-01-2003
Syria held in mid-December the largest oil and gas seminar it has organised in years.
01-01-2003
The Syrian Government announced late December that five banking investment projects had received a preliminary approval to open what will be the first private banks in the country in over forty years.
01-12-2002
Syria and the United Arab Emirates have signed a bilateral agreement scrapping customs duties and taxes on all national commodities produced in the two countries with effect from 1 January 2003.
01-12-2002
The European Commission (EC) has announced that it will be providing EUR6 million to Syria to support its industrial modernization process.
01-12-2002
The Ministry of Industry has announced that it has finalized its draft project to reorganize the public sector industries.
01-12-2002
The European Commission (EC) has announced that it will be providing EUR6 million to Syria to support its industrial modernization process.
01-12-2002
The Ministry of Industry has announced that it has finalized its draft project to reorganize the public sector industries.
01-11-2002

The last few years have witnessed a sharp fall in Syria's population growth rates after over three decades of spiralling increases that were among the highest in the world.

01-11-2002
The announcement by Jordan's Housing Bank for Trade & Finance that its application to launch Syria's first private bank had been approved by the Central Bank (CBS), and that it would be granted an official licence before the end of the year came as...
01-11-2002
A major German business delegation, including 19 companies from the state of Lower Saxony, visited Damascus early October to enhance trade and investments relationship with Syrian business operators.