Lattakia (716)


Syrianair has suspended all its flights to Egypt, the Egyptian Civil Aviation Authority has announced.


Data from the Syrian Investment Agency, and other anecdotal evidence, indicate that there has been an increase in recent weeks in the number of investment projects established in the coastal area.


The Port of Lattakia witnessed a dramatic decline in containers handled in the first nine months of this year.


Syrian officials have laid the foundation stone and inaugurated three projects in the Lattakia province, including two in the town of Qardaha, for a total value of over SYP 1.1 billion.


The freight volume in Tartous Port stood at 4.6 million tons in the first three quarters of this year, according to Ghazwan KheirBeik, the port’s general manager.


The US dollar has lost some 15 percent of its value relative to the Syrian Pound in the last two days as the Syrian currency gained strength following the UN resolution on Syria’s chemical stocks, which was seen as a victory for the Syrian authorities.


Freight and other maritime services


Syria’s citrus fruits production is expected to be on target this year as it will be little affected by the violence gripping the country.


The Syrian Investment Agency licensed only twelve investment projects in the first half of this year.


Shipping services


The Syrian President has appointed a new governor for the province of Lattakia.


Occupancy rates at Damascus hotels in 2012 were only a fifth of what they were two years earlier, according to a recently released report.


The Syrian President has issued a decree establishing a faculty of medicine in the coastal city of Tartous.


The coastal area is the only remaining part of Syria where some new investment projects are announced, including recently the development of two new tourism properties.


The Syrian Investment Agency has announced that it had licensed a mere eight projects in the first quarter of this year, less than 10 percent of the level two years ago.


Some 51,000 containers transited through the two ports of Lattakia and Tartous in the first quarter of this year, a marked decline from last year.


Cham Hotels, Syria’s largest hotel chain, witnessed a second consecutive dismal year in 2012 as Syria’s tourism industry remains distressed.


A government committee has completed the preliminary field works required for the establishment of an airport near the city of Tartous, according to local news outlets.


Hundreds of Syrian manufacturers are setting-up factories in Egypt, according to the Egyptian Minister of Industry.


The Syrian Government is establishing a new university faculty in the city of Suweida, one of fifteen new faculties established in the last two years.


The number of projects licensed last year by the Syrian Investment Agency declined 75 percent on an annual basis.


Trade activity in Syria’s free zones declined some 26 percent last year over the general contraction in business activity and rising violence witnessed across the country.


The General Establishment of Chemical Industries is the latest state body to post a significant drop in its 2012 revenues.


Traffic at Syria’s two commercial maritime ports fell sharply last year, according to the Deputy Minister of Transport.


ICTSI, the operator of one of Syria’s two commercial maritime ports, is pulling out of the country, citing the rising violence.


The Syrian government is establishing a new university faculty in the town of Salamieh, located in central Syria.


Kharafi National, a large engineering company, is withdrawing from the Syrian market, according to a local media outlet.


The clashes that forced the Damascus International Airport to close down for the week-end will likely have long-term effect on its operations.


The Syrian Pound continues to face pressures in the currency market in spite of an easing on foreign exchange transactions by the Central Bank of Syria.


The volume of freight in Tartous Port declined some 27 percent in the first ten months of the year, according to estimates from the Ministry of Transport.


The number of investment projects licensed by the Syrian Investment Agency declined 74 percent in the first nine months of 2012 compared to the same period of last year.


Souria Holding has suspended works on its Abraj Souria project in downtown Damascus, its CFO said.


Almost half of illegal housing areas across Syria are located in the Damascus countryside, according to a state body.


Syria’s 2012 citrus fruits crop is estimated at 1.1 million tons by the Ministry of Agriculture, in line with last year’s levels.


This document is an English language transcript of the interview given by Syrian President Bashar Al-Assad to Ad-Dunia, a Damascus based TV station on August 29. The translation is from the Syrian News Agency.


In a dramatic development, the Syrian Prime Minister, Riad Hijab, has fled the country, effectively defecting from the Government, along with two other ministers, exactly two months after he was appointed to his position.


Book of conditions to be purchased from company (EUR 100)


The Syrian President has appointed seven new governors and a new head for the State Planning and International Cooperation Commission.


The number of passengers that used the Airport of Qamishli, in the northeast of the country, rose to over 30,205 in the first six months of the year.


Two new faculties have been established at the Aleppo and Baath Universities.


Container traffic at the Port of Lattakia fell 21.03 percent in the first half of this year compared to the same period of 2011.


Damascus and Aleppo are the two cities of the Middle East that have witnessed the sharpest decline in occupancy rates in their hotels last year, according to a recent survey.