Turkey (924)

Syria’s total foreign trade volume rose to SYP 1 trillion (USD 20 billion) in 2006, an annual increase of 12 percent, according to preliminary estimates from the Central Bureau of Statistics.

The Ministry of Oil has invited international oil companies to bid for the exploration of four offshore blocks. This is the first time Syria offers offshore areas for exploration


Azarab Energy Industries Development of Iran has put into operation the first of the two units at Banias power plant, nearly a year after the company had announced the completion of works

Syria’s production of cotton is expected to drop by a third in the 2006/2007 crop to 650 000 tons

Syria's market demand for cement is expected to reach 6.5 million tons in 2007, according to Ahmad Ali Saleh, director general of OMRAN.

The local demand on diesel is expected to reach 7.7 million tons in 2007, according to the estimates of Mahrukat, the state-owned firm in charge of distributing oil by-products.

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


Works on the first phase of the Syrian section of the Arab Gas Pipeline are moving on schedule according to officials from the Syrian Gas Company


Syria’s human development ranking remained stable for the third year running according to the latest Human Development Report (HDR 2006) published by the United Nations.

Syria is the world fourth largest producer of pistachio thanks to a steady growth in planted trees and production
Foreign direct investment in Syria surged last year, according to the World Investment Report, an annual survey published by the United Nations Conference on Trade and Development.

The Association Agreement establishing a free trade area (FTA) between Syria and Turkey will enter into force on January 1, 2007 after all remaining legal documents required from the Turkish side have been finalized.


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


PEEGT signs deal to buy electricity from Turkey.


The English transcript of the interview of Syrian President Bashar Al-Assad with Kuwaiti newspaper Al-Anbaa on October 07, 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.

Syria’s largest cities should witness next year the most dramatic change in decades in their public transportation system.

The business environment in Syria remains weak according to the latest Doing Business report from the World Bank, although its ranking in this annual index that rates the friendliness of the business environment of countries around the world has slight...


The English transcript of the interview of Syrian President Bashar Al-Assad with Dubai TV on August 24, 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.
Syrian exports of textile products to the European Union fell sharply in 2005.

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.

Launch of the MED-ENEC Pilot Projects Competition.

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


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.


Syria’s wheat production remained strong at 4.7 million tonnes according to the latest annual Grain and feed report of the Foreign Service of the US Department of Agriculture (FAS-USDA).

Migros, Turkey's biggest supermarket chain, is planning to establish a retail network in Syria, according to a company statement reported by Cihan news agency.

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.

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

More than a year after it was officially signed in Damascus by visiting Turkish Prime Minister Recep Tayyip Erdogan and Syrian PM Naji al-Otri, the Turkish Parliament has now ratified the Free Trade Agreement between the two countries.


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.


The Syrian Government has sharply raised the prices of cement and petrol to bring them more in line with world market prices, reduce the cost of subsidies and limit the size of the black market.

Insisting that the country remains free of bird flu despite the recent deadly outbreak of the H5N1 virus in Turkey, that has killed four children, Syrian health officials destroyed birds at a market in Qamishli, on its north-eastern border, on January 15.

The English transcript of the interview of Syrian President Bashar Al-Assad with Turkish TV on December 28, 2005.

Syria awarded Russia's Stroytransgaz company two natural gas contracts worth a combined USD 370 million that are expected to be implemented in about two years.
Turkey will assist Syria in combating avian influenza, a viral infection which is lethal to poultry and has been documented as infecting and killing other animals, including humans.

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.

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.
The International Monetary Fund (IMF) warned Syria that the country’s oil reserves will be exhausted in the next two decades and urged the country to initiate the appropriate reforms so as to generate other sources of revenue.
The overall rationale for subsidizing specific products was put to severe strains as Syria underwent one of its most dangerous diesel crises in the last two weeks of September.
The Syrian government will earmark USD 523 million for the development of the two governorates of Raqqa and Hassake in its upcoming five-year plan for 2006 to 2010.
Syria received USD 1.2 billion in Foreign Direct Investment (FDI) in 2004, an increase of 11.3 percent from the previous year, according to the 2005 UNCTAD World Investment Report.
The Syria Report talks to Karim Saidah, General Manager of Bel Company in Syria on the latest investment of the manufacturer of the famous "Laughing cow" cheese in Syria.
The tensed political situation in Syria has pulled down the value of the Syrian pound before a series of measures from the Central Bank helped it recover its value.
White Young Green (WYG), a British engineering consultancy has won a USD 10m EU-funded contract to modernise Syria's local administration, including an integrated development plan for the old city of Damascus, as well as five other cities over an initi...
Syria took a first legislative step towards establishing its own stock exchange on June 19 when Syria’s President Bashar al-Assad issued Law No. 22 for 2005 demanding the creation of a regulatory body known as ‘The Syrian Securities and Exc...
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.
The Air Taxi project has been finally licensed by the Investment Higher Council (IHC). The Air Taxi will operate as a shuttle airliner between Damascus, Lebanon and several regional cities.
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.
Exports have stagnated in the last few years, although, according to most analysts the Syrian production is competitive both in terms of quality and price. Marketing remains weak and product diversification limited.