Cement (830)

31-10-2011

The Syrian Government has announced that it will close during the whole of next week, starting November 6, on the occasion of Eid Al-Adha or the Festival of Sacrifice.

30-10-2011

The main index of Syria’s stock exchange crossed the 900 mark again last week after two consecutive days of gains.

29-10-2011

The largest shareholder and vice-chairman of Kulczyk Oil Ventures, Jan Kulczyk, has confirmed the suspension of his company’s operations in Syria because of security and financing concerns.

24-10-2011

The United States has recalled its ambassador to Damascus only a few weeks after his confirmation by the Congress, due to "fears for his personal safety.”

24-10-2011

Updated on October 24, 2011. The steep rise in Syria’s 2012 budget is largely due to a change in accounting procedures, not actual spending increases, the Minister of Finance, Mohammad Jleilati said.

23-10-2011

Al-Badia Cement has announced the resignation of Nizar Asaad from its Board of Directors.

20-10-2011

The Damascus water utility is seeking bidders for the construction of a “biological gas treatment system” in the sewage treatment plant in of Adra, outside Damascus.

20-10-2011

Book of conditions to be purcahsed from company (EUR 153)

17-10-2011

Gulfsands Petroleum has announced that it has not received payment for its August production, raising fears for the company's prospects as well as for the government's finances.

17-10-2011

A Presidential decree has increased customs tariffs on cars and other vehicles in an apparent bid by the government to reduce imports.

17-10-2011

Loon Lattakia, the Syrian subsidiary of Kulczyk Oil, a Canadian-Polish independent oil company, has announced that it is suspending exploration works in Block 9.

16-10-2011

The Syrian financial market regulator, the SCFMS, has accepted the decision of Al-Badia Cement to reduce the nominal value of its shares to SYP 100, from SYP 400 previously.

16-10-2011

The Syrian financial market regulator, the SCFMS, has accepted the decision of Al-Badia Cement to reduce the nominal value of its shares to SYP 100, from SYP 400 previously.

16-10-2011

The recent price increase in fuel oil is creating significant difficulties for the country’s state-owned cement plants for which the item represents a major cost component.

10-10-2011

Syria is considering joining a customs union with Russia, according to AbdulFattah Ammoura, the country’s deputy Foreign Minister.

03-10-2011

The Syrian opposition appears to have finally got its act together, some six months after the beginning of the country's popular uprising, announcing yesterday the formation of a broad-based national council.

03-10-2011

Movie theatres will be exempted from customs duties on the import of their equipment as well as from other taxes for a period of 5 years in a move aimed at boosting their operations.

26-09-2011

Syria has banned the import of all products with customs tariffs of more than 5 percent, a move that signals growing nervousness over the country's foreign currency reserves and also dents into the profits of many prominent businessmen that have built their wealth on import trade.

21-09-2011

Book of conditions to be purchased from company (SYP 1,000)

29-08-2011

Great Wall Drilling Company, a subsidiary of CNPC, the Chinese oil giant, is suspending operations in Syria because of the political unrest, according to Chinese media.

29-08-2011

Book of conditions to be purchased from company (SYP 1,500)

22-08-2011

Last week, the United States imposed new economic sanctions on Syria and a ban on all US imports of Syrian crude oil, measures that are gradually increasing the heat on the country’s economy.

22-08-2011

On Thursday in a significant diplomatic development, the US and its European allies called upon Syrian President Bashar al-Assad to step down from power. The move was met with repugnance on the part of the Syrian government.

21-08-2011

The Syrian President has set his seal on a preferential trade agreement linking Syria with Iran that will see customs tariffs between the two countries gradually lowered in the next five years.

21-08-2011

Syria’s Baath Party, which has been ruling Syria single-handedly for almost five decades, is establishing a private university, a move that will help it find new sources of finance but that also fully contradicts its proclaimed socialist principles.

15-08-2011

Six new university faculties were established by Presidential decree last week, all of them located in some of the least developed areas of the country.

15-08-2011

Over the course of the last eight days, the international community has grown markedly united in its condemnation of the Syrian government's use of force to quell the country's deepening revolutionary movement.

14-08-2011

The Syrian Government is seeking bidders for the engineering, procurement and construction of a 500MW steam power plant near Aleppo.

14-08-2011

Syria will increase the price of fuel oil by 53 percent starting September 15, in a bid by the Government to reduce its subsidy bill, although the new rate will still be some 50 percent below market prices.

08-08-2011

MAF properties has said that it has begun infrastructure and foundation works on its USD 1 billion real estate development in the area of Yaafour, west of Damascus.

07-08-2011

For the second time, the Syrian government is postponing the implementation of an increase in the price of fuel oil, a product used by local manufacturers to feed power plants and heavy machinery.

03-08-2011

PEEGT, the state utility in charge of the production of electricity in Syria, has issued a tender for the EPC of 20 diesel generation sets with a total capacity of 30 to 40 MW.

01-08-2011

The momentum of the Syrian uprising continues to grow as protestors on Friday July 29 again exceeded 1 million across the country. The death toll from the day remains unclear, with most estimates suggesting some 23 were killed. The start of the week ushered in a new political parties law as well as a draft law on elections. Nevertheless, tensions are mounting as Monday August 1 brings the start of Ramadan, during which daily mass protests are expected.

25-07-2011

The Syrian government has reduced import tariffs on a wide range of consumer products and manufacturing inputs in a bid to reduce costs, as the month of Ramadan, a period of the year when demand peaks and prices rise, is set to begin.

25-07-2011

On Monday July 25, Syria, Iraq and Iran are to sign a final agreement for the construction of a gas pipeline linking Iranian gas fields with Syria and potentially Europe.

25-07-2011

An estimated 1.2 million protestors took to the streets across Syria on Friday July 22 - the largest turnout ever since the unrest began on March 15. Earlier in the week in a significant diplomatic blow, the Embassy of Qatar in Damascus closed and its Ambassador abandoned his post. Meanwhile, the heavy crackdown against the opposition in Homs continued throughout the week.

24-07-2011

Trade of cement and coal

17-07-2011

Iran’s Tosee Siloha is to build four new grain silos in Syria at a cost of SYP 6 billion, according to the Director General of the General Company for Silos, AbdulLatif Al-Amin.

11-07-2011

Al-Badia Cement, one of two private sector manufacturers of cement in Syria, announced a capital reduction while works on a second production line have been postponed.

11-07-2011

Hundreds of thousands of protestors again took to the streets of Hama on Friday July 8, with some suggesting that the city's demonstrators numbered nearly half a million.

10-07-2011

On July 10, the Syrian President named a new governor in Hama, Anas AbdulRazzak Naem, in place of former governor Khaled AbdulAziz.

10-07-2011

Book of conditions to be purchased from company (SYP 1,500)

04-07-2011

Book of conditions to be purchased from company (SYP 1,000)

04-07-2011

Book of conditions to be purchased from company (SYP 1,000)

04-07-2011

Book of conditions to be purchased from company (SYP 1,500)

03-07-2011

Ihab Makhlouf has resigned from his position as vice-Chairman of the Board of Al-Aqeelah Takaful Insurance, a few weeks after the European Union imposed a freeze on his assets and on those of several other Syrian personalities, as well as on “legal persons and entities associated with them,” according to a filing by the company.

27-06-2011

The European Union has for the first time imposed an asset freeze on Syrian corporations, including two owned by Rami Makhlouf and another by Mohammad Hamsho.