Syria Today | Business News

25 percent salary raise for public sector

‏President Bashar al-Assad issued legislative decrees number 24 and 25 on May 4 increasing the monthly salaries of state employees and monthly pensions of retired state employees by 25 percent. The decrees aim to make up for the rising prices of food, fuel and other commodities in Syria.

British American Tobacco opens plant in Syria

Syria’s General Organisation of Tobacco (GOT) and British American Tobacco Ltd. (BATUKE) opened a cigarette production plant in Syria.

Construction fair draws hundreds in Damascus

The 14th International Exhibition for Construction (BUILDEX) kicked off on the Damascus Fairground on May 12 with participation of more than 580 local, regional and international exhibitors specialised in construction and building materials. Together they represented 1,795 brands from 54 countries.

Cordoba Hills infrastructure nears completion

Syrian real estate company Akar Development announced on May 7 that it has completed 80 percent of the infrastructure in the Cordoba Hills project, one of the country’s largest residential projects located in Aleppo.

Kuwaitis to build tourism complex at Umayyad Square

A Kuwaiti company announced on May 10 that it will build a tourism and commercial project on Umayyad Square in Damascus.

Sugar refinery opens in Homs

On May 14, the National Sugar Company opened its main refinery in Homs. Despite its name, it is the first private sugar refining company in Syria.

Syria settles debt with Czech Republic and Slovakia

Syria signed a tripartite agreement with the Czech Republic and Slovakia on May 18, to completely settle its debt with the two countries.

Gas company reports record production for 2008

The Syrian Gas Company (SGC) announced on May 20 that its production for the first quarter of 2008 has exceeded 1.559m cubic metres of raw gas, 975,939 cubic metres of clean gas, 55.188m tonnes of LPG, and 392,000 tonnes of sulphur.

Fair focuses on development of internal tourism

The Syrian Tourism Ministry launched the first Internal Tourism Exhibition at the Damascus Fairgrounds on May 22.