Al-Badia (93)

03-03-2021

The main index of the Syrian stock exchange jumped some 19 percent last month crossing both the 9,000 and 10,000 levels for the first time.

19-01-2021

The Syrian government last month issued an unusual tender to export thousands of tons of Portland cement, the price of which has increased sharply in recent months.

13-01-2021

Syria’s three major industrial cities saw a jump in the value of newly licensed projects last year, although the number of jobs created and the number of projects beginning construction slowed down, according to official data.

06-01-2021

The year 2020 saw a recovery for the main indices on the Damascus Securities Exchange after both fell the previous year despite high hopes from new listings.

23-12-2020

Syria has once again hiked prices for Portland cement, although stable production at state-owned factories and a continuous flow of the building material from Lebanon and Turkey has kept supply levels high.

11-11-2020

The international accounting firm Deloitte’s regional branch decided to close its offices in Syria at the start of the year, joining a growing list of large professional-services firms which have left Syria since the start of the conflict, The Syria Report has learned.

04-11-2020

The value of shares traded in the Damascus Securities Exchange last month fell to its lowest level in over two years.

09-09-2020

The government has increased the price of portland cement to close the gap with its black market rate, while construction costs as a whole are continuing to rise.

05-08-2020

Prices and trading volumes fell in the Damascus Securities Exchange last month as Syriatel was removed from one of the exchange’s two indices.

22-07-2020

Al-Badia Cement has reported a relatively strong increase in its 2019 sales, although its performance this year has already suffered markedly from the worsening business environment.

15-04-2020

Updated on April 22, 2020: The original version of this article attributed attacks on Syrian gas fields to the Islamic State. We have since received contradictory information and have removed any reference to the identity of the perpetrators of these attack and edited the text accordingly.

19-02-2020

Al-Badia Cement, Syria’s sole private cement producer, posted an increase of 27 percent in its 2019 sales.

05-02-2020

The Damascus Securities Exchange started the year with a mixed performance despite a rise in its two main indexes.

08-01-2020

The year 2019 came to a disappointing close for the Damascus Securities Exchange, which saw its main index decline for the first time in four years.

04-12-2019

Syria’s two stock exchange indices declined last month, reflecting investors’ negative perceptions of the economy’s prospects.

06-11-2019

Despite listing three of the country’s largest companies over the past several months, total trading value in the Damascus bourse barely reached USD 1 million in October.

23-10-2019

The Syrian government is using future reconstruction activity as a carrot to attract private investment in the cement sector, but low demand and unclear prospects are acting as a deterrent.

16-10-2019

The interest of Chinese companies in Syria, in particular for its real estate and building materials sectors, seems to be growing.

09-10-2019

This table lists the main companies we have identified that are linked to the eight investors whose bank accounts were frozen on October 7, 2019.

02-10-2019

Al-Badia Cement has received the final approval for listing in the Damascus Securities Exchange.

03-09-2019

Trading was dull at the Damascus Securities Exchange last month and not much seemed able to bring interest back into the market.

24-07-2019

This table lists all Syrian public joint-stock companies active as of July 2019 with the value of their capital (in million SYP).

12-06-2019

Al-Badia Cement has received a preliminary approval to list its shares on the Damascus Securities Exchange.

15-05-2019

Syria’s only private sector cement company reported a significant increase in its 2018 sales.

19-03-2019

Samer Foz has reportedly established a company that will invest in cement production.

27-02-2019

The only private sector cement company still operating in Syria reported a 58 percent annual increase in its annual revenues last year, as its German shareholder announces it is selling its stake.

08-01-2019

Preliminary data indicate that demand for cement, a proxy for construction activity, was at best stable last year.

04-12-2018

Financial results from Syrian public joint stock companies in the first nine months of this year appear to confirm an improvement in business activity in some sectors.

11-10-2018

In this 2,200-word factsheet we provide a profile of the Syrian cement sector.

12-07-2018

In this 2,600-word factsheet we look at China’s economic interests in Syria.

01-05-2018

Numbers from various sources indicate a slight improvement in demand for cement last year, which is one more indication that some sectors of the Syrian economy started recovering in 2017.

23-04-2018

Cement sales by state-owned companies declined in the first quarter of this year, according to official data.

13-03-2018

A German company is to restart the operations of a plant it operates in Syria after years of stoppage.

06-03-2018

Filings from some companies have confirmed the improvement in the Syrian business environment in 2017 after years of steep decline.

20-02-2018

Sales of cement at Syria’s state-owned plants slightly decreased last year, according to preliminary data.

06-02-2018

The demand for steel and cement in Syria is too low to justify any new investment in this sector, government officials have said.

21-11-2017

The financial results of some of Syria’s largest companies show an increase in revenues across the board, albeit from very low levels.

10-10-2017

Lafarge, the French building materials global company, reportedly paid various armed groups in Syria, including the Islamic State, in order to protect its factory located in the north of the country as it hoped to remain operating and benefit from reconstruction.

05-06-2017

Based on initial data, the sale of Portland cement in Syria is likely to rise this year, indicating an increase in demand in the real estate market.

03-04-2017

The production of cement in Syria last year was stable, the first time it did not decline since 2011.

13-12-2016

The poor level of construction activity is leading to an increase in stockpiles at Syrian cement manufacturing companies.

15-11-2016
Portland cement production in the first nine months of this year remained stable on annual basis, official data show.

15-08-2016

The volume of Portland cement produced and sold by Syrian state-owned enterprises in the first half of 2016 increased compared with the same period of last year, although they remain well below pre-uprising levels.

30-05-2016

Al-Badia Cement, a large cement manufacturing plant located near Damascus, has announced that it is resuming gradually its operations, weeks after its main factory was attacked by the Islamic State.

26-04-2016

Syria’s cement production from state-owned companies was stable in the first quarter of this year as the Government is seeking to launch a new plant under the recently-adopted Public Private Partnership law.

12-04-2016

The attack last week of two large industrial concerns near Damascus highlights the persistent lack of security for people and businesses in areas only a few kilometres away from the Syrian capital.

05-04-2016

The size of Syria’s cement market is estimated to have declined by almost a third in 2015.

09-02-2016

In 2015, the volume of cement produced by Syria’s public sector companies declined by around 20 percent on an annual basis, reflecting both lower demand in the market and production challenges.

09-11-2015

In the first nine months of the year, the volume of cement produced by Syria’s state-owned plants declined by a fifth on an annual basis.