The International Finance Corporation (IFC) is providing a USD13.2 million loan to United Joint Stock Company for Petrochemical Industries (UCPI), an alkyl benzene (LAB) manufacturing company that is to be set up by Syria's Ahmed Daaboul and Sons.
According to Syria's minister of economy, a license will be awarded for a private bank to operate in the country next September.
The Commercial Bank of Syria is to set up an operation center to manage the use of the Visa credit cards in Syria, according to al-Thawra.
According to Ghassan al-Rifai, Minister of Economy, Syria will be licensing the first private banks by the end of the fall of this year.
Salah Kamel, head of the Saudi Dallah al Baraka conglomerate has announced that it had forwarded an application for the set up of a private bank in Syria.
The EU and Syria have agreed on 24 April on a " National Indicative Programme " for EU grant co-operation programme for the years 2002 to 2004.
The European Union representation in Damascus announced Thursday that the EU would grant EUR 93 million (USD 83 million) to Syria over three years, from 2002 to 2004.
Japan has awarded a YEN796 million (USD6 million) grant for the rehabilitation of water distribution pipelines in Damascus city.
The European Commission has released a call to tender for assisting the establishment of Syria's future "Higher Institute of Business Administration".
The Syrian Commercial Bank is readying to retire 42 of its senior executives, reported Teshreen.
Syria and Bahrein ended yesterday their joint committee meeting with the signing of a series of cooperation agreements and memorandums of understanding.
The Syrian industrialists businesswomen council has denied it has any plan to set up a women-dedicated bank.
Starting April 20, the Syrian central bank (CBS) will begin taking applications to let private banks operate in the country, reported Sana, the state news agency.
A seminar to be held in Damascus at end of the month, on women's role in economic development, will see the announcement of the set up of a women-dedicated industrial bank.
The state-owned Industrial Bank recorded profits of SYP100 million (USD2 million) in 2001, said Teshreen.


Tax Revision Committees
Damascus Chamber of Commerce
The Green Economy
Damascus Chamber of Commerce