Cement (894)

03-04-2006
The Syrian cement sector continues to attract strong interest from private investors. In the last few months, tens of investors were reported by the local press to have requested a license to build new cement plants.
18-03-2006

The Joud Group one, of the largest conglomerates in Syria, is to launch its own water-bottling plant.

05-03-2006

The import tariffs on inputs for the chemical and metal industries have been reduced to 1 percent following a Presidential decree in that sense.

05-03-2006

Syria and Iran moved to strengthen economic ties by signing a host of cooperation agreements in the fields of economy, trade, oil, agriculture and others during a bilateral meeting held in Damascus late February.

03-02-2006

The Ministry of Oil and Mineral Resources has received 23 bids from thirteen different companies for exploration works on the nine blocks offered for tender in the round held last December in Damascus.

03-02-2006

Two major Swiss banks have announced that they have severed all business dealings with Syrian institutions and individuals.

03-02-2006

The Syrian Government has sharply raised the prices of cement and petrol to bring them more in line with world market prices, reduce the cost of subsidies and limit the size of the black market.

03-02-2006

The Government has increased the salaries of civil servants a few days following a rise in the domestic price of fuel and cement.

05-01-2006
Syria’s consumption of cement will reach 7 million tons in 2006, according to Ahmad Saleh Director-General of OMRAN, the state-owned company in charge of the distribution of cement and other building materials in Syria.
05-01-2006

The leading oil companies of China and India have finally agreed to jointly acquire a Canadian firm's petroleum interests in Syria in their first collaborative venture.

17-12-2005
The Aref Investment Group, a Kuwaiti holding group, announced that it was working in cooperation with seven other Kuwaiti firms to launch a USD 4 billion real estate project in Damascus, the Development and Investment City.
01-12-2005

The Syrian government has endorsed the plan of the ministry of industry to open state-owned cement factories to private investment in order to develop and boost the production of its plants by 75 percent.

15-11-2005
The decrease in oil production levels is prompting the Syrian government to open new blocks for drilling to Arab and other foreign companies.
15-11-2005
The defiant speech from the Syrian President on November 10 has led to a slide in the value of the Syrian currency amid fears that international sanctions were looming.
15-10-2005

A State-owned Chinese company agreed with Farzat, a Syrian construction company to build a black cement factory in Adra near Damascus.

15-09-2005
A group of Spanish and Syrian investors have been given a license by the Investment Bureau to build a cement manufacturing plant under Law N°10.
16-07-2005
Syria and Qatar agreed to establish a joint holding company with USD 200 million in capital to invest in industrial, transportation and tourism sectors in both countries, with potential investments reaching some USD 1 billion, the official state news a...
02-07-2005
Private insurance companies in Syria will be allowed to transfer their net profits in hard currency out of the country, after having paid the relevant taxes, following a decision by the Prime Minister Naji al-Otri, the daily al-Ba’ath reported on...
16-06-2005
The garment industry is dominated by the private sector and has dramatically improved in the last fifteen years. Production is on the rise and so is quality.
16-06-2005
A group of Gulf investors has received a preliminary approval to build a new cement plant in the country, according to the local press.
16-05-2005

Gulfsands Petroleum has signed an agreement to purchase Devon Energy Corporation's 80% interest in the Block 26, in the northeast of the country, through its purchase of all the capital shares of Devon Syria, Ltd for an undisclosed amount.

16-05-2005

Conoco Phillips has confirmed that it will be withdrawing from Syria after it transfers the gas treatment plant it is operating in the country at the end of the third quarter of this year.

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.