Cement (1092)

10-02-2020

A full breakdown of Syria's 2020 budget with current and investment expenses detailed for each item in the budget.

05-02-2020

The Syrian Grain Establishment has issued a new tender for the import of wheat, following the cancellation of two previous tenders.

05-02-2020

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

29-01-2020

In this 2,700-word factsheet we provide a profile of Damascus Cham Holding, one of the largest Syrian companies that is at the heart of the controversial Marota project.

22-01-2020

Syrian authorities have announced new penalties for dealing in foreign currencies and closed more than a dozen foreign exchange companies, but also offered a more attractive rate to buy dollars. However, these moves have little chance of stopping the freefall of the Syrian pound.

15-01-2020

On December 12, the government announced on its official website that from February 01 it will start selling sugar, rice and tea at subsidised prices through a smart card system.

15-01-2020

The Syrian Investment Agency has issued a licence for a new car assembly plant, while an Iranian-owned venture in the industry has reportedly suspended production.

08-01-2020

The two tables below list the Russian companies involved in Syria since the beginning of the Russian military intervention in the country in September 2015.

08-01-2020

Syria has awarded a Russian company a new offshore oil exploration contract as part of a set of new investment and trade agreements between the two countries.

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.

08-01-2020

Turkey’s Post and Telegraph Organisation (PTT) has opened two mobile branches in Tal Abyad and Ras Al-Ayn, the sixth and seventh it has opened in parts of northern Syria controlled by its proxies.

18-12-2019

Syria’s northern areas under Turkish control are planning to expand the use of the Turkish lira in place of the Syrian pound, a move that will entrench Ankara’s control and integrate these areas with the Turkish economy while limiting losses linked to the depreciation of the Syrian pound.

04-12-2019

The Ministry of Economy and the Central Bank of Syria have tightened the conditions to obtain an import licence as they seek to reduce the sale of foreign currencies.

04-12-2019

Switzerland has denied claims made by a German member of parliament that it planned to allocate hundreds of millions of euros to fund Syria’s reconstruction.

04-12-2019

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

21-11-2019

This text regulates rental contracts signed for residential properties after February 2001 and for commercial properties after February 2006. For rental contracts signed before these dates, it is Law No. 20 of 2015 that now applies.

20-11-2019

Data on Syria's reserves of minerals and non-metallic ores.

20-11-2019
The full transcript of the interview of Bashar Al-Assad by Russia 24 and Rossiya Sevodnya.

13-11-2019

The dollar has crossed the 700-pound level in the Syrian foreign exchange market for the first time on record.

06-11-2019

The Syrian government is offering five of its food production companies to private investors in a bid to shore up production and raise revenues for the treasury.

06-11-2019

Syrian imports of Iranian crude oil doubled in the six months through the end of September, according to recent data, increasing inventories.

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.

30-10-2019

The decision by the U.S administration to keep hold of Syrian oil fields postpones any hope by the government to benefit from this resource in the short-term.

30-10-2019

The trial of Nader Qalei in Canada will take place in May next year as the Syrian investor is expanding his investments back home.

30-10-2019

The government is considering imposing a tax on cigarettes, of which Syria is among the highest per-capita consumers in the world, as a means to cover part of its health expenses bill.

23-10-2019

France has announced a new financial commitment to the trust fund supporting development projects in Turkish-controlled northern areas.

23-10-2019
Text of the U.S.-Turkish agreement for a ceasefire following the Turkish intervention in northern Syria in October 2019.

23-10-2019

The Eurasian Economic Union (EAEU) has agreed to give Syria a preferential treatment for its exports, the Ministry of Economy said, although the impact of the deal on the economy will be limited.

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 text of the statement by the High Representative on behalf of the EU following Turkey's entry into Syrian territory in October 2019.

16-10-2019

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

16-10-2019

The Qaterji brothers are negotiating to expand their investments in Aleppo, confirming that they have become the main business actors in Syria’s second largest city.

14-10-2019
09-10-2019

In these three tables you will find the rates applied on goods and services for the sales tax, known in Syria as the consumer spending fee.

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.

09-10-2019

The government is subsidizing loans granted by Syrian banks to manufacturers in a bid to promote local production and reduce imports.

09-10-2019

On October 5, the Ministry of Public Works and Housing announced that it had received the first shipment of construction equipment from Stroyexpert, a Russian architectural and construction firm.

02-10-2019

Statement by the EU following the announcement of the constitutional committee.

02-10-2019

Statement issued on 26 September 2019 by Foreign Ministers of Egypt, France, Germany, Jordan, Saudi Arabia, United Kingdom, and United States at the United Nations General Assembly

02-10-2019

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