Cement (916)

22-01-2007
A surge in consumer prices in the domestic market in the last few weeks has led to a strong outcry in the local press and to a relatively poor response from the Government.
15-01-2007

The Ministry of Industry has given some hints as to the broad outlines of the reform of the state-owned industrial sector

11-12-2006

Following the announcement of the set-up of Cham Holding a few weeks ago, a new group of Syrian businessmen have announced that they were joining forces to create a new holding company, Souria Holding, that will invest in a broad range of sectors.

04-12-2006

Environment damage will be costing Syria SYP 30 billion (USD 600 million) in 2006 according to Hilal al-Atrash, Minister for Local Administration and Environment.

 

27-11-2006

Italcementi is investing, along with Syrian and Saudi investors, in the set-up of a major cement company in Syria

27-11-2006

A number of Syrian investors have won together the contracts to develop several key real estate and transport projects including the Hijaz Station estate in central Damascus.

27-11-2006
The text of the intervention of Samir Aita, economic and financial consultant, during a banking conference held in Damascus between November 3-5.
13-11-2006
Al-Aqeelah, a Kuwaiti Investment Fund has announced the coming launch of a USD 500 million fund to finance real estate projects in Syria.
02-11-2006

A number of prominent Syrian businessmen have announced the launch of a new cement manufacturing plant.

22-09-2006

The business environment in Syria remains weak according to the latest Doing Business report from the World Bank, although its ranking in this annual index that rates the friendliness of the business environment of countries around the world has slight...

15-08-2006

The English transcript of the speech of Syrian President Bashar Al- at the opening of the 4th General Conference of the Journalists Union on August 15, 2006.

03-08-2006
Puzant and Leon Yacoubian Trading and Contracting (PLY) has won the contract to build all structural works for the USD 250 million Cordoba Hills Real Estate Development project, west of Aleppo.
03-08-2006

The Government has decided to put an end to its offer to lease to the private sector the management of five cement companies and the Hama steel company.

07-07-2006
SHUAA Partners, which is the private equity arm of SHUAA Capital one of the leading regional investment banks in the Gulf, announced that it was launching a USD 100 million-fund dedicated to private equity investments in the Levant region and in partic...
18-06-2006

Two new cement manufacturing projects by the private sector have been licensed to operate in Syria. Their combined capital is SYP 24 billion (USD 480 million).

03-06-2006

A few months only after taking his post, the new Minister of Communication and Technologies, Amro Salem, has already set his finger prints on his Ministry with a number of decisions aimed at facilitating access to telephone and Internet.

03-06-2006
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.
03-06-2006
Launch of the MED-ENEC Pilot Projects Competition.
18-05-2006

Al Rajhi, the Saudi conglomerate, has received a license from the Investment Higher Council to set up a cement manufacturing plant.

18-05-2006

Tanganyika Oil Company Ltd is increasing its share capital by CAD 59 million (USD 53.10 million) to fund its activities in Syria “as well as for general corporate purposes”, according to a company’s press release.

03-04-2006
According to Antara, an Asian news agency, an estimated 40 000 Indonesians are working in Syria, presumably as house maids.
03-04-2006

IFAD is providing a new concessionary loan of USD 13 million for the development of the rural areas of the north-eastern part of the country.

03-04-2006
The Syrian cement sector continues to attract strong interest from private investors. In the last few months, tens of investors were reported by the local press to have requested a license to build new cement plants.
18-03-2006

The Joud Group one, of the largest conglomerates in Syria, is to launch its own water-bottling plant.

05-03-2006

The import tariffs on inputs for the chemical and metal industries have been reduced to 1 percent following a Presidential decree in that sense.

05-03-2006

Syria and Iran moved to strengthen economic ties by signing a host of cooperation agreements in the fields of economy, trade, oil, agriculture and others during a bilateral meeting held in Damascus late February.

03-02-2006

The Ministry of Oil and Mineral Resources has received 23 bids from thirteen different companies for exploration works on the nine blocks offered for tender in the round held last December in Damascus.

03-02-2006

Two major Swiss banks have announced that they have severed all business dealings with Syrian institutions and individuals.

03-02-2006

The Syrian Government has sharply raised the prices of cement and petrol to bring them more in line with world market prices, reduce the cost of subsidies and limit the size of the black market.

03-02-2006

The Government has increased the salaries of civil servants a few days following a rise in the domestic price of fuel and cement.

05-01-2006
Syria’s consumption of cement will reach 7 million tons in 2006, according to Ahmad Saleh Director-General of OMRAN, the state-owned company in charge of the distribution of cement and other building materials in Syria.
05-01-2006

The leading oil companies of China and India have finally agreed to jointly acquire a Canadian firm's petroleum interests in Syria in their first collaborative venture.

17-12-2005
The Aref Investment Group, a Kuwaiti holding group, announced that it was working in cooperation with seven other Kuwaiti firms to launch a USD 4 billion real estate project in Damascus, the Development and Investment City.
01-12-2005

The Syrian government has endorsed the plan of the ministry of industry to open state-owned cement factories to private investment in order to develop and boost the production of its plants by 75 percent.

15-11-2005
The decrease in oil production levels is prompting the Syrian government to open new blocks for drilling to Arab and other foreign companies.
15-11-2005
The defiant speech from the Syrian President on November 10 has led to a slide in the value of the Syrian currency amid fears that international sanctions were looming.
15-10-2005

A State-owned Chinese company agreed with Farzat, a Syrian construction company to build a black cement factory in Adra near Damascus.

15-09-2005
A group of Spanish and Syrian investors have been given a license by the Investment Bureau to build a cement manufacturing plant under Law N°10.
16-07-2005
Syria and Qatar agreed to establish a joint holding company with USD 200 million in capital to invest in industrial, transportation and tourism sectors in both countries, with potential investments reaching some USD 1 billion, the official state news a...
02-07-2005
Private insurance companies in Syria will be allowed to transfer their net profits in hard currency out of the country, after having paid the relevant taxes, following a decision by the Prime Minister Naji al-Otri, the daily al-Ba’ath reported on...
16-06-2005
The garment industry is dominated by the private sector and has dramatically improved in the last fifteen years. Production is on the rise and so is quality.
16-06-2005
A group of Gulf investors has received a preliminary approval to build a new cement plant in the country, according to the local press.
16-05-2005

Gulfsands Petroleum has signed an agreement to purchase Devon Energy Corporation's 80% interest in the Block 26, in the northeast of the country, through its purchase of all the capital shares of Devon Syria, Ltd for an undisclosed amount.

16-05-2005

Conoco Phillips has confirmed that it will be withdrawing from Syria after it transfers the gas treatment plant it is operating in the country at the end of the third quarter of this year.

16-03-2005
Devon Energy, the US independent oil company has announced that it was withdrawing from Syria and that it wouldn’t be developing the field it was awarded back in May 2003.
01-03-2005
Cement market remains strained as production capacity and distribution bottlenecks fail to cope with rising demand.
01-03-2005
Syria and Iran are working on the establishment of a Free Trade Area between them.
09-02-2005
The rise in price of real estate in Syria, and in Damascus in particular, is expected to pause in the second half of the year, according to analysts in Damascus.
01-11-2004
Syria and the European Union have formally concluded their negotiations on an Association Agreement between them by initialling the text on October 19 in Brussels.
01-11-2004
Not one month goes by without the announcement by a new Arab bank that it has been licensed to operate in Syria.