Aleppo (1415)

23-01-2007

Syria's export of wheat grew 100 percent in 2006, according to the General Establishment for Cereal Processing and Trade.

22-01-2007

Arab Orient Insurance Company Syria (AOICS) should launch its operations in the coming few weeks, becoming the sixth insurance company active in the market, according to Tayssir Al-Akesh its general manager

22-01-2007
The second half of last year saw the opening of numerous shops in major Syrian cities offering cloths from famous international brands and allowing Syrians to purchase imported garments for the first time in decades
15-01-2007

Sysacco, Syria’s first caustic soda and hydrochloric acid manufacturing company will start production next May, according to its general manager, Ourwa Sabbagh.

08-01-2007
The Kahale Group has emerged recently as one of the most important local investors in the real estate sector in Syria
08-01-2007

Mohamed Abdulmohsin Kharafi and Sons Company of Kuwait (Kharafi) has formally signed the contract to develop a major tourism site in Damascus at a cost of USD 217 million

18-12-2006

Amlak Development Company has signed a contract with Aleppo’s City Council (ACC) to develop the Tarek Bin Ziad Barracks project.

18-12-2006

The Public Establishment for the Distribution and Exploitation of Electrical Energy (PEDEEE), a body affiliated to the Ministry of Electricity, has signed a new contract with Iran's Parsian High Voltage Substations Development Company (Parsian) to set up five power transmission plants in Aleppo at a total cost of EUR 9 million.

18-12-2006
Bank of Syria and Overseas (BSO) opened its ninth branch in Homs on December 15th.
04-12-2006
Air Arabia is launching today its first flight to the city of Lattakia.
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

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.

13-11-2006
Syria’s exports of cumin grew six fold in 2005.
13-11-2006

The Minister of Industry has issued a decision setting up officially the Federation of Syrian Chambers of Industry (FSCI). A similar federation exists for the chambers of Commerce.

13-11-2006
The Ministry of Tourism and the Cham Hotels Group are at odds as to the end-date of the management of three of the chain’s hotels in Syria.
02-11-2006

The Ministry of Tourism has finalized discussions and formally awarded development and management contracts for five of the projects it had offered during the two investment forums it held in April 2005 and 2006.

02-11-2006
Two private political dailies are reaching the stands in Syria for the first time in decades.
02-11-2006

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

02-11-2006

Consumer habits are changing in Syria and the launch of several new commercial malls is among the most visible of these new trends.

 

16-10-2006

Dove Energy has begun drilling operations in the Mare’s field on Block VI

16-10-2006

Arabia Insurance Company - Syria (AICS) started its operations in Syria early October

16-10-2006

The Ministry of Health has inaugurated three new hospitals in the rural areas around the cities of Aleppo, Lattakia and Hama.

03-10-2006

The Higher Education Council has approved the opening of new departments at Syrian state universities and faculties starting from 2006.

03-10-2006
Syria and Iran have signed a memorandum of understanding to build a new industrial city dedicated to Iranian investments in the city of Hessia 47 km south of Homs.
22-09-2006
Syria’s largest cities should witness next year the most dramatic change in decades in their public transportation system.
03-08-2006

The Ministry of Higher Education (MHE) is opening four new faculties in state universities across Syria.

The Ministry of Higher Education (MHE) is opening four new faculties in state universities across Syria.

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.
07-07-2006
A new university based in the eastern city of Deir-ez-Zor has been established following a Presidential decree in that sense.
18-06-2006

Thameco, one of the two state-owned manufacturers of pharmaceutical products recorded profits of SYP 370 million (USD 7.4 million) last year.

03-06-2006
Works on a free trade zone in the city of Yaarubieh, located in the north-eastern province of Hassake have begun.
03-06-2006

Starwood Hotels and Resorts has signed a memorandum of understanding with Tarif Al-Akhras a Homs businessman and former head of the local Chamber of Commerce and Industry to build and manage a Sheraton hotel in Homs, central Syria.

03-06-2006

Arab Bank Syria is planning to have 15 branches throughout Syria by the end of 2008, according to Ali Zatar, general manager of the bank.

18-05-2006

The International Bank for Trade and Finance is increasing its capital through a public subscription offer to start at the end of the current month. IBTF is the last bank to raise its capital among the three institutions that were granted a license in ...

18-05-2006

The Government approved on May 2 the set-up of the "Eastern Region Development council", which will have the task to coordinate development programs in the three eastern provinces of Hassakeh, Raqqa and Deir-ez-Zor.

17-04-2006

Syria will be offering 80 new sites for developments to local and foreign investors in the upcoming Tourism Investment Market to be held between the 26th and 29th of April.

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.
03-04-2006
The Syrian Railways Corporation has recorded profits of SYP 86.55 million (USD 1.66 million) in 2005 from a loss of SYP 50 000 in 2004.
18-03-2006
Jazeera Airways, a new low-cost airliner has announced that it would be launching direct flights from Kuwait city, where it is based, to Aleppo.
05-03-2006
3 million passengers used Syrian airports in 2005, according to preliminary figures from the Directorate General of Civil Aviation published in al-Thawra.
17-02-2006

The Syrian economy will need SYP 1,800 billion (USD 34 billion) in investments in the coming five years if it is to reach a GDP growth rate of 7 percent in 2010, which is the target rate set by the 10th 5-year plan of the country, according to Abdallah...

17-02-2006
State-owned textile firms, grouped under the General organisation of Textile Industries (GOTI) posted consolidated profits of around SYP 500 million (USD 9.5 million) in 2005, according to Jamal al-Omar, director-general.
17-02-2006

The General Establishment of Cereals Trade and Processing (also known as Hoboob) is investing SYP 2.4 billion (USD 45 million) in the building of 21 new silos throughout the country.

03-02-2006

The Syrian Kahaleh Group, together with Saudi and Kuwaiti investors has won a bid to develop a large tourism resort in the city of Aleppo.

03-02-2006

Germany is providing a financial assistance of a total value of EUR 44 million to Syria.

05-01-2006
Syria's Transport Ministry signed a contract with the Chinese Zijan Timis Company whereby 600 buses will be imported to the country.
05-01-2006

Following the elections at the Chamber of Industry of Aleppo, which took place on November 15, Ghassan Tayyara, the Minister of Industry has appointed six additional members to the Board of the Chamber, in compliance with its bylaws.

 

05-01-2006
The European Union (EU) has initiated with the Syrian government a Vocational Educational and Training (VET) program in order to increase the efficiency of the local labor market to meet the growing needs of the economy.
01-11-2005
Saudi and Syrian investors announced plans to build a USD 32.7 millions petrochemical plant in Syria to manufacture Caustic Soda and chloride. The new plant will be named the Saudi-Syrian Petrochemical Company and will be located in Aleppo (North West ...
01-11-2005

In an unprecedented and unexpected move, the Syrian government surprised the industrial and the commercial local community by allowing the import of garments from all over the world with a tariff barrier of 47.5 percent.

01-10-2005
BEMO Saudi Fransi (BSF) Bank announced that it intends to raise its capital by SYP 250 million (USD 4.71 million) to SYP 1.75 billion (USD 33 million) in a public offering.