Cement (850)

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.
26-08-2002
The General Organization for Cement and Building Materials (GOCBM) plans to increase the production of cement from 5 million ton last year to 8 million in 2006.
29-07-2002
Lafarge, the world leading producer of building materials, has submitted a proposal to the Syrian government to develop the production of gypsum in the country.
27-05-2002
According to Ghassan al-Rifai, Minister of Economy, Syria will be licensing the first private banks by the end of the fall of this year.
20-05-2002
Syria's state-owned industrial sector recorder exports of USD 34 million in the first quarter of the year.
13-05-2002
Salah Kamel, head of the Saudi Dallah al Baraka conglomerate has announced that it had forwarded an application for the set up of a private bank in Syria.
07-05-2002

Trade between Lebanon and Syria grew to USD363 million in 2001, a 17 percent increase on the previous year's USD309 million figure.

26-04-2002
Canon Middle East FZ LLC has announced today that Puzant Yacoubian and Sons has been appointed as its new distribution partner for Photo/Video products in Syria.
24-04-2002
Syria's minister of Industry, Issam al-Zaim, and Iran's Minister of Housing and Urban Development Ali Abdol-Alizadeh have agreed to set up a joint industrial committee.
03-04-2002
Pakistan Commerce Minister Abdul Razak Dawood offered to import raw cotton from Syria at zero duty, in exchange for Syrian imports of Pakistanese sugar, paper, cement, and fertiliser equipment.
01-04-2002
A seminar to be held in Damascus at end of the month, on women's role in economic development, will see the announcement of the set up of a women-dedicated industrial bank.
27-03-2002

The edited English transcript of the speech of Syrian President Bashar Al-Assad at the Arab Summit in Beirut on March 27, 2002.

22-03-2002
Syria's ministry of industry has released the 2002 export objectives it has set for the different industrial organizations it manages.
07-03-2002
The government's decision to replace all state employees that are above retirement age is sparking a wide debate in Syria.
20-02-2002

After an 18 months delay, the building of a major cement plant has finally started.

04-02-2002
Jordanian and Syrian officials on Wednesday launched talks aimed at upgrading the land and maritime transport fleets of their countries' joint firms, said Sana, the state news agency.
04-02-2002
Jordanian and Syrian officials on Wednesday launched talks aimed at upgrading the land and maritime transport fleets of their countries' joint firms, said Sana, the state news agency.
07-01-2002
Syria's revenues from tourism exceeded USD1 billion in 2001 and tourists arrivals reached 3.015 million according to the World Tourism Organisation.
01-01-2002

In his speech, last December, before the newly-sworn in cabinet, Bashar al Assad felt necessary to mention, among the general policy guidelines he laid down for his government, one specific sector he thought his newly nominated team had to address urgently, the water crisis his country is facing.

24-12-2001
Opec announced yesterday it will reduce its crude oil output by 1.5 million barrels per day for six months starting January 1, under a rare and tough deal with rival independent oil producing nations.
19-11-2001
In its latest meeting, the Investment Higher Council gave the go ahead to over 102 projects for a total amount of SYP26.6bn (US$532 million), reported Al-Baath.
31-10-2001

The English transcript of the joint press conference in Damascus with Syrian President Bashar Al-Assad and British Prime Minister Tony Blair on October 31, 2001.

16-06-2001

The English transcript of the interview of Syrian President Bashar Al-Assad French media on June 16, 2001.