Aleppo (1391)

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.
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
The International Bank for Trade and Finance (IBTF) has opened its first branch in Aleppo and the second in the country.
03-06-2005
Starwood Hotels will open the third branch of its Sheraton brand in Syria with the inauguration of the Sheraton Aleppo Hotel & Towers in Syria in the fourth quarter of this year, according to a press statement from the regional office of the group ...
03-06-2005
According to the annual report of the Investment Bureau, the Investment Higher Council licensed a total of 759 investment applications for a total paper value of SYP 203.6 billion (around USD 3.85 billion).
03-06-2005
The EU is providing a EUR 18 million loan to Syria under the MEDA programme to ensure better management of the country’s big cities - including developing city properties, attracting private investment, creating jobs and boosting services such as...
16-05-2005
Accor, the French international hotel group, has announced that it was opening its first property in Syria, Sofitel Lattakia in the summer of 2006.
16-05-2005

Deiri Group, the country's largest producer of synthetic yarns and one of its largest private industrial ventures, managed to escape bankruptcy after a last-minute deal was found between the main shareholders of the Group, the Deiri brothers, and creditors.

02-05-2005
BEMO and BSO are extending their network in the country. The two banks opened last month a new branch in Lattakia, the country’s fourth largest city.
02-05-2005
Six contracts were signed between Syrian and Turkish businessmen following a series of contact days through April in Damascus and the southern Turkish city of Ghaziantep for businesses in the food and textile sectors.
02-05-2005

The first Syrian Tourism Investment Market set out a range of incentives for foreign investors to spend money developing tourism in the country. The Syria Report highlights the key issues at stake.

02-04-2005
A few weeks before the Tourism Investment Market, The Syria Report has met with Hazem Sebai, Director of Business Development of Le Meridien Damascus to talk on the performance and projects of one of the leading five-star hotels of the Syrian capital.
16-03-2005
As the Syrian European Business Centre (SEBC) comes toward the conclusion of its project in September 2006, plans are being laid to hand over the reigns for providing support to Small and Medium Enterprises (SMEs) in Syria to a new joint Syrian-Europea...
16-03-2005
Good results from the larger steel and cables companies hide the poor performance of a number of smaller plants.
01-03-2005
The Syrian Railways Corporation (SRC) has ordered 10 new train sets from Korea’s ROTEM, according to Abdel Monem al-Bam its director-general.
01-03-2005

The German government has donated Euro 5m to Syria to finance projects renovating the old city of Aleppo, and to provide consultation services to the Ministry of Irrigation for projects supplying drinking water to the countryside around Aleppo and Dama...

09-02-2005

The state-owned General Company for Engineering and Consulting (GCEC) has awarded Malaysia's SMHB Sdn Bhd the contract to design and review waste water treatment plants in the cities of Damascus, Homs, Lattakia and Aleppo with a total treatment capacity for a population of two million.

10-01-2005

The Ministry of Petroleum has awarded Tunisia’s Hedi Bouchamaoui Sons (HBS) International Ltd a USD 14 million Exploration and Production contract on Block 22 in the Raqqa Governorate, in the northeast of the country.

 

10-01-2005

Syria’s income from tourism is estimated to have reached USD 1.85 billion in 2004, an annual 31% rise from 2003 (USD 1.414 billion), according to the Ministry of Tourism.

10-01-2005
Menajet, a low-cost air carrier has launched twice-weekly flights from Beirut to Aleppo.
10-01-2005
Bank of Syria and Overseas’ (BSO) total deposits stand at SYP 4 billion (USD 76.92 million), according to George Sayegh, general manager of the Bank, who was talking to al-Thawra.
10-01-2005
The SME fund financed by the European Investment Bank and launched last September has received 115 loan applications from Syrian investors as at the end of last year, according to Nizar Ibrahim, head of the unit managing the fund.
01-12-2004
The Ministry of Tourism is organizing an international conference next April to attract more investments in the Syrian tourism sector.
01-11-2004
The Syrian Ministry of Transport (MOT) has asked developers to submit offers to build road projects on a BOT (Build Operate Transfer) basis for the first time in Syria.
01-10-2004
Syria is to set-up five relays of its Euro Info Correspondence Centre (EICC).