Al-Badia (93)


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.


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.


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.


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.


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.


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.


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


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.


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


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.


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.


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


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


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.


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


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.


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.


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


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.


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


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


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


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


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


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


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.


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


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.


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


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


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.


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


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


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


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


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


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


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.


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.


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


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

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


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.


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.


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.


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.


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


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.


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.