Our article last week on the elections at the chambers of commerce included a factual error.
Updated January 16, 2015: The elections to the board of directors of the Damascus and Aleppo Chambers of Commerce at the end of last year witnessed a significant renewal of membership.
The election held last week at Syria’s chambers of industry saw the arrival of various new faces.
The Chamber of Commerce and Industry of Idlib has elected a new bureau.
Tarif Al-Akhras, one of Syria’s leading investors, was handed earlier in April a 12-month jail sentence by a British court, following a commercial dispute with one of its suppliers.
The Ministry of Industry has nominated new individuals to sit at the board of the Hama Chamber of Industry in a move largely seen as a reprisal against investors supporting the opposition.
Data from the Damascus Chamber of Commerce confirm the sharp decline in business activity faced by investors in the Syrian capital.
The Minister of Industry has named new businessmen to the board of the Homs Chamber of Industry.
The Ministry of Economy has re-established bilateral business councils, some eight months after they were dissolved, but only with a handful of countries allied to the Syrian regime.
The Aleppo and Damascus chambers of industry have new boards of directors as new members replace absentees.
The Syrian government has dissolved the bilateral business councils established between Syrian and foreign businessmen.
The number of companies registered by Syrian investors in Jordan reached 500 in the last two years, according to a Jordanian official.
Syrian investors are increasingly relocating around the Arab world according to reports from various government agencies in the Middle East and North Africa region.
In terms of the number of projects established in Egypt this year, Syrian investors ranked first, according to data from Egypt’s General Authority for Investment and Free Zones.
Damascus International Fairground
Bank Credit Guarantees
Damascus Chamber of Commerce