Taxes and fees collected in Damascus by the Ministry of Finance rose 11 percent in the first eleven months of last year, according to Al-Watan, a local daily.
Updated January 08, 2011: An explosion targeted last week a gas pipeline near the city of Homs leading to the interruption of supplies to two power plants and adding to Syria’s electric supplies problems.
Deteriorating political relations between Syria and Turkey are having an increasingly negative impact on Turkish companies doing business in Syria.
Syrianair has announced a resumption of the Aleppo-Beirut route after a suspension of nine years.
Business activity remained apparently normal in central parts of Damascus and Aleppo on Sunday, although other parts of the country appeared to be complying with calls for a general strike by the Syrian opposition.
The English transcript of the interview of Syrian President Bashar Al-Assad with ABC News on December 07, 2011.
As Banque Saudi Fransi announced that it was quitting the Syrian market, Al-Baraka Bank said that it was planning to expand its presence in the country.
Russia’s Stroytransgaz has announced that it had signed an extension and amendment agreement on the North and South Middle Area Gas Development project.
Syria’s olive oil production in the 2010/2011 crop is estimated at 180,000 tons, while exports are forecast at 25,000 tons, according to the International Olive Oil Council.
Syria produced an average of 378,091 barrels of crude oil per day in the first nine months of the year, according to the Ministry of Oil, as international sanctions led to a reduction in output in the third quarter.
Updated November 21: Syria has awarded a EUR 19 million contract to France’s Alstom to build ten power transformers across the country, according to Al-Thawra, a local daily.
Updated November 21: The consumption of heating oil in Syria jumped last month as the coming winter season is leading a growing number of Syrians to store the product, while attacks on the distribution network are also disrupting supplies.
General trading and contracting
Book of conditions to be purchased from company (SYP 1500)
Book of conditions to be purchased from company (SYP)
The supply of gas oil at government-sponsored prices is becoming increasingly scarce in various parts of the country, although Damascus remained little affected until now.
The Syrian President has named two new governors, Yasser Al-Shoufi and Hussein Makhlouf, for the Governorates of Idlib and Rural Damascus, according to SANA.
Syria’ National Energy Center is issuing a tender for the turnkey engineering, procurement and construction of a wind power park on Lake Qattineh, as a previous deal with Gamesa of Spain apparently failed to materialize.
Power and energy projects
Issam Anbouba, one of Syria's most prominent businessmen, has resigned from the Board of Directors of Syria Gulf Bank.
Syria has established a new state entity in charge of power transmission, the Public Establishment for Electricity Transmission, or PEET, as the country increasingly seeks to diversify its sources of energy.
Book of conditions to be purchased from company (SYP 1500)
The four businessmen and three corporations sanctioned by the European Union last week form part of a growing list of business actors that are feeling the weight of the international pressure on Syria.
The European Union has banned all imports of Syrian oil and sanctioned a new list of businessmen and corporations as it appears increasingly intent on using economic sanctions as its primary tool for reducing the Syrian authorities' grip on power.
In response to the Syrian government's ongoing use of force against the country's civilian population, the European Union officially implemented an oil embargo against Syrian crude on Saturday - dealing a serious blow to the Syrian economy. The last three days also saw a troubling rise in violence with over 45 people killed amid security crackdowns across the country.
The end of the holy month of Ramadan is approaching and the stalemate between the government and the opposition carries on with both sides holding fast to their respective positions.
Syria’s jobless population reached 468,009 in 2010, or an unemployment rate of 8.9 percent out of a total labour force of 5.11 million, according to a survey by the Syrian government.
On Thursday in a significant diplomatic development, the US and its European allies called upon Syrian President Bashar al-Assad to step down from power. The move was met with repugnance on the part of the Syrian government.
Syria’s Baath Party, which has been ruling Syria single-handedly for almost five decades, is establishing a private university, a move that will help it find new sources of finance but that also fully contradicts its proclaimed socialist principles.
The Syrian Petroleum Company has made a new gas discovery in the region of Qara north of Damascus, according to the Minister of Oil.
Six new university faculties were established by Presidential decree last week, all of them located in some of the least developed areas of the country.
The Syrian President has named a new head for the Aleppo Governorate, the sixth nomination of a new Governor since the beginning of the political crisis currently engulfing Syria.
Over the course of the last eight days, the international community has grown markedly united in its condemnation of the Syrian government's use of force to quell the country's deepening revolutionary movement.
The net value of subsidized oil products reached SYP 116 billion, or USD 2.47 billion, in the first six months of 2011, according to Mahrukat, the state entity in charge of distributing energy products in Syria.
The first week of Ramadan proved to be a violent one, as over the course of the last seven days, more than 250 civilians were reportedly killed in military crackdowns across the country.
Last week, the Minister of Petroleum inaugurated a new gas field and a gathering station in Sadad, some 60 kilometres south of the central city of Homs.
Syria’s production of crude oil remained stable in the first half of this year at 387,250 barrels a day, an increase of 957 barrels a day compared with the same period of last year, according to the Ministry of Petroleum.
The momentum of the Syrian uprising continues to grow as protestors on Friday July 29 again exceeded 1 million across the country. The death toll from the day remains unclear, with most estimates suggesting some 23 were killed. The start of the week ushered in a new political parties law as well as a draft law on elections. Nevertheless, tensions are mounting as Monday August 1 brings the start of Ramadan, during which daily mass protests are expected.
The Ministry of Local Administration has announced that it is scrapping penalties levied on investors in the country’s industrial cities.