The number of investment projects with Arab capital licensed by the Syrian authorities in 2005 witnessed a huge annual surge according to the annual report of the Inter Arab Investment Guarantee Corporation and titled “Report on the Investment Cl...
Early August, the economy had taken an obvious backseat in the face of the terrible human tragedy faced by the Lebanese fleeing the Israeli onslaught on their country.  
The budget’s current expenditure is expected to see another significant rise next year according to Mohammad al-Hussein, the Minister of Finance.
The Investment Bureau gave its nod to 212 investment projects in the first half of this year.
The International Monetary Fund has made public for the second year in a row its annual assessment of the economic situation in Syria.
GDP grew by 5.5 percent in the non-oil component of the Syrian economy in 2005 according to Abdallah Dardari, deputy Prime Minister in charge of Economic Affairs.
The Government approved on May 2 the set-up of the "Eastern Region Development council", which will have the task to coordinate development programs in the three eastern provinces of Hassakeh, Raqqa and Deir-ez-Zor.
The Economic Freedom Index (EFI) of the Fraser Institute, a Canadian think tank devoted to the promotion of economic liberalism in the world ranked Syria 11th out of 12 countries in the Middle East and North Africa in terms of economic freedom.
The purchase of oil products will represent a total import bill of USD 4 billion in 2006 according to Abdallah Dardari, Vice Prime Minister for Economic Affairs, who was talking before the Syrian Parliament.
The Investment Bureau licensed a total of 558 investment projects last year according to its 2005 annual report.
According to Antara, an Asian news agency, an estimated 40 000 Indonesians are working in Syria, presumably as house maids.
More than a year after it was officially signed in Damascus by visiting Turkish Prime Minister Recep Tayyip Erdogan and Syrian PM Naji al-Otri, the Turkish Parliament has now ratified the Free Trade Agreement between the two countries.
36 percent of all investment projects licensed by the Investment Bureau (IB) in 2005 were proposed by foreign investors, according to a report published in Teshreen.
Mohammad Hamsho one of Syria’s leading younger generation businessmen and a Member of Parliament was arrested for a few hours on March 7.
The continuous increase in retail prices in Syria is pushing the Syrian Government to intervene. In its weekly meeting on February 28, the Government asked the Ministry of Economy to intervene to curb the price rises and "break monopolistic positi...


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Damascus Chamber of Commerce
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