Homs (904)

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

Noor Financial Investment Company (Noor), a Kuwait-based investment firm, will start building a new oil refinery in Syria before the end of 2007

08-01-2007
The Kahale Group has emerged recently as one of the most important local investors in the real estate sector in Syria
18-12-2006
Bank of Syria and Overseas (BSO) opened its ninth branch in Homs on December 15th.
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.

 

28-11-2006
Maurel & Prom, a French independent oil company, has signed a production sharing contract over Block XI located in central-west Syria
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.

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.

16-10-2006

Shell’s new investment in Syria is part of a long-term strategy says Campbell Keir, General Manager of Shell Syria, following the signing of two production sharing contracts with the Ministry of Oil

16-10-2006

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

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

The OPEC Fund for International Development (OFID) has granted Syria a loan to part-finance the stretch of the Arab Gas Pipeline that is going through its territory.

03-10-2006

Iberdrola is in discussion with the Ministry of Electricity to build a 100-MW wind power plant.

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
A new tourist resort that has cost a total of SYP 1.25 billion (USD 25 million) was inaugurated early September in the town of Al-Nasra, west of Homs by the Prime Minister, Naji al-Otri.
05-09-2006
The Government has decided to restructure the Oil and Gas sector by creating two bodies that will oversees separately the upstream and downstream sectors.
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.
03-08-2006
The Islamic Development Bank has accepted to part-finance the building of the third phase of the Arab Gas Pipeline that will run from the Jordanian border to the city of Homs.
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.
06-07-2006

The Public Establishment of Electricity Generation and Transmission has signed a letter of intent with an Iranian company, Azarab Energy Industries Development, for the building of a 450-MW combined cycle power plant in Syria on a Build-O...

06-07-2006
The Gardenia Real Estate Investment Company, owned by a Syrian expatriate based in the UAE, Mohammad al Dandashi, has started works on a USD 80 million tourist resort in the city of Homs, according to reports in the local press.
05-07-2006
A number of Syrian expatriates are investing in a USD 10 million hot-rolled steel bars manufacturing plant in Homs.
26-06-2006

The English transcript of the interview of Syrian President Bashar Al-Assad with Al-Hayat on June 26, 2006.

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

The Arab Fund for Economic and Social Development (AFESD) has accepted to finance the third phase of the Arab Gas Pipeline that will run from the Syrian-Jordanian border to the city of Homs.

03-06-2006

Petro-Canada is taking over Marathon Oil’s share over its contract to develop gas fields in the region of Palmyra according to diplomatic sources in Damascus.

18-05-2006

A German company is expected to be the first private sector operator in the Syrian electricity field after four decades of state monopoly.

18-05-2006

Marathon Oil Company has ended a dispute with the Syrian Ministry of Oil that has been running since the early eighties and its discovery at the time of two gas fields.

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 ...

03-04-2006
Kamaz Inc., Russia’s largest truck manufacturer is planning to set-up an assembly plant in Syria.
18-03-2006

The General Organisation of Chemical Industries (GECI) has announced that its 2005 turnover reached SYP 8.7 billion (USD 167 million).

05-03-2006

The demand for diesel oil is expected to reach 8.58 million tons in 2006, according to Abdallah Khatab, director-general of Mahrukat, the state-owned company in charge of the distribution of oil products.

05-03-2006

Egypt and Turkey have signed a memorandum of understanding on the marketing of the Egyptian gas that will be supplied to Turkey after the Arab regional gas pipeline is completed.

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

A new sugar refinery is expected to begin production in Syria in 2007. The new USD 70 million plant is a joint-venture between Tarif Al-Akhras a leading Homs-based businessman, Emirates investors and British firm ED&F Man.

17-01-2006

Syria is planning to double its oil refining capacity in the coming five years and switch its exports towards refined products, according to Ibrahim Haddad, Minister of Oil and Mineral Resources.

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

The OPEC fund issued a USD 3 million loan to the International Development and Clay Industries Company S.A. in Syria. The company will use the loan to construct and operate a modern ceramic clay roof tile plant in Homs. A hollow-block production unit w...

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.
17-12-2005

The project for the construction of a joint USD 150 million Syrian-Brazilian refinery should start being implemented in the beginning of next year.

15-11-2005
Syria ranked third this season among Arab countries following Egypt and Morocco in the production of apples and citrus with expectation of 750,000 tons of citrus and 300,000 tons of apples. Syria also ranked seventh among Mediterranean countries.
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
A subsidiary of giant Russian company Gazprom won a tender to build the third part of the Arab Gas Pipeline that will ship gas from Egypt across Jordan to Syria and Turkey.
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.

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.
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.
16-06-2005
A group of Gulf investors has received a preliminary approval to build a new cement plant in the country, according to the local press.