SYRIA

January 8, 2007 at 4:09 pm | Posted in Arabs, Economics, Financial, Globalization, History, Islam, Middle East | Leave a comment

The Syria Report

Newsletter – January 08, 2007

editor@syria-report.com

Monday, January 8, 2007

The Syria Report Newsletter –

January 08, 2007

Leading stories

Noor Investment to build oil refinery, petrol stations network
Noor Financial Investment Company (Noor), a Kuwait-based investment firm, will start building a new oil refinery in Syria before the end of 2007. Read

Kharafi to develop Kiwan resort
Mohamed Abdulmohsin Kharafi and Sons Company of Kuwait (Kharafi) has formally signed the contract to develop a major tourism site in Damascus at a cost of USD 217 million. Read

Economy and Finance Insurance: Al Aqeelah becomes first Islamic insurance firm in Syria
Al Aqeelah has become Syria’s first takaful insurance firm after the Government granted it a formal license to operate in the Syrian market. Read

Finance: Cham Bank IPO oversubscribed
Cham Bank, the first Islamic bank to operate in Syria, has completed its initial public offering with a reported massive oversubscription. Read

Finance brief: Deposits at PCB grow significantly
Deposits at the Popular Credit Bank, one of Syria six state owned banks grew significantly last year. Read

Economy brief: Parliament sets election funding cap
The Syrian Parliament has approved an amendment to the elections law, which sets a cap on election spending. Read

Business Real Estate: Kahale emerges as key investor in real estate market
The Kahale Group has emerged recently as one of the most important local investors in the real estate sector in Syria. Read

Transport: Tartous port activity remained stable in 2006
Activity at the port of Tartous remained stable last year according to preliminary statistics from the port’s authority. Read

Trade brief: Ministry of Economy allows import of new set of products
The Ministry of Economy and Trade has allowed the import into Syria of a new set of products. Read

Market place Tenders
Industrial supplies (1)
Ports
(1)
Textile
(1)
Electricity
(1)Events
25 business fairs and trade events taking place in the coming few months in Syria. Read