Syria Today | Business News

Syria and Turkey strengthen economic relations

Syrian Prime Minister Mohammad Naji Otri and his Turkish counterpart Recep Tayyip Erdogan opened the first Syrian-Turkish Economic Forum in Damascus on April 26.

Amlak Finance signs deal with Cham Holding

Cham Holding signed a memorandum of understanding with the Dubai-based Amlak Finance, one of the largest real estate financiers in the Middle East on April 20.

Bread prices are sacred

Syrian Finance Minister Muhammad al-Hussein announced on April 17 that the government is determined not to raise the price of bread.

Total negotiates new agreement with Syria

Total Syria has announced that it is holding discussions with the Syrian Government to extend the Production Sharing Agreement (PSA) signed in 1988 between Total and the state-owned Syrian Petroleum Company (SPC).

SYROIL great success

The Sixth Syrian International Oil and Gas Exhibition (SYROIL 2008) that took place between April 7 and 10 attracted hundreds of guests.

UK company to build gas plant in Syria

British-based oil and gas services company Petrofac Ltd announced on April 12 that it has won a USD 477m lump-sum contract from Petro-Canada to build a gas treatment plant as part of the Ebla project in Syria.

Coupons for cheap diesel

The Syrian Government started distributing subsidised diesel coupons on April 12. This will allow Syrian families to buy subsidised diesel, while other users will have to pay market prices.

Bank of Jordan enters Syria

The newly licenced Bank of Jordan announced on April 2 that it will start operations in Syria before the end of this year with a capital of SYP 1.5bn.

Dardari: corruption in Syria at “noticeable” level

Deputy Prime Minister for Economic Affairs Abdullah Dardari told the Dutch press agency ANP on March 31 that corruption has reached “noticeable” levels in Syria.

Tourism investment fair opens in Damascus

On April 29, Syrian Prime Minister Mohammad Naji Otri and Tourism Minister Sa’dalla Agha al-Qal’a opened the Fourth International Tourism Investment Market Forum in Damascus, organized by the Ministry of Tourism.