Syria Today | Business News

Syria-Spain bolster economic ties and joint investment

Spain will establish a EUR 50m credit line targeting small and medium size enterprises and a EUR 3-5m microfinance institution in Syria.

First private firm enters Syria’s electricity sector

Syria’s first private power plant will be established following the signing of an agreement between energy company Kharafi Cham.

US sanctions target Makhlouf

The US has moved to target businesses owned by prominent Syrian businessman Rami Makhlouf.

New real estate investment commission established

A new body to promote and coordinate real estate investment in Syria was established last month.

Major road project to link north-east Syria

A new road project linking the major population zones of north-eastern Syria was signed off on by the Syrian State Planning Commission (SPC) with funds from the Kuwait Fund for Arab Economic Development (KFAED) on July 3.

Syria goes green: subsidies for solar heating

Syria is moving to boost the uptake of renewable energy sources with the Syrian Cabinet approving a draft law which will see the government.

New regulations for Syrian workers in Qatar

Syria and Qatar passed a new legal framework regulating Syrian workers in the Gulf state on July 1.

First Syrian Lawyers’ conference held in Damascus

A free, fair and independent judiciary is a prerequisite for economic and social development, a three-day law conference held in Damascus heard last month.

Syrian International Motor Show a success

The eighth Syrian International Motor Show (SYRMOTORSHOW 2008) kicked off at the Damascus Fairgrounds on July 1, with the participation of 228 exhibitors from 27 countries.

Syria-Turkey launch 18 new development projects

The Syria-Turkey Inter-Regional Cooperation Program (STICP) approved 18 services, cultural and economic projects on July 1.