Cement

Last month, the SyrPetro oil and gas exhibition and the CemTech cement conference were held in Damascus, highlighting potential up-and-coming local and foreign players within these industries.

Syria’s two main stock exchange indices gained between 11 and 15 percent in the first quarter of this year, although inflation and the low value of trading make it difficult to compare with previous periods. Meanwhile, the value of shares traded during the first quarter of this year was significantly less than the last quarter and the first quarter of 2021.

A French appeals court recently ruled against cement giant Lafarge in the latest setback for the multinational company during a five-year legal battle over its past activities in Syria.

Cement sales, a proxy for construction activity, declined by around 10 percent last year, according to data from various sources.

New details about the deal between the government and Syria’s new third mobile telecommunications operator have emerged.

The government has reportedly increased the price of fuel oil, which is a product used mainly by manufacturers and large businesses, in a move that will likely contribute to further increases in consumer prices.