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The Central Bank of Syria sets the USD exchange rate to 55.55 buy, and 55.89 sell.
On Thursday, the Central Bank of Syria set the USD exchange rate to SYP 55.55 for purchasing and transfers, while the rate for selling to SYP 55.89, thereby maintaining the same rate issues by the Bank the previous day in its Bulletin, the rate increased by 12 quirshs compared to the rates the bank issed on Tuesday SYP55.43. ...
New laws in Syria
President Bashar al-Assad issued the law No. 28 stipulating for imposing a 30% fee on all the goods and materials imported from Turkey to Syria for supporting the reconstruction of the developing hamlets. ...
IATA seizes work with Syrian Arab Airlines ...
Syrias population issue, a blessing or a curse?
Syrias population is increased by 560,000 people annually while country is facing shortage and difficulty in its limited resources. ...
"Syria is to lose 100 million USD annually from the transport revenues" said Turkey. Ankara is opening alternative roads for exporting goods to the Middle East and the Gulf in order to avoid its restive state. At the moment Turkey is still trading with Syria but since its relation with Damascus worsened it is sought founding new trade roads towards the Middle East and the Gulf. ...
The change in the rate of the Syrian pound to the USD is having an impact on insurance installments; the fluctuation of exchange rates affects the strategies set by the insurance companies, which in return affects the installments. The Insurance Supervising Committee ISC has referred to this matter as a result of the fluctuation in the exchange rate of the Syrian pound to the USD. ...
As the Syrian presidetn issues the new state budget law with an unprecedentedincrease in the bulk of it, many question rise .. ...
Activities of the Investment and Businessmen Forum started in Damascus on Monday, organized by the Syrian Investment Commission (SIC) in cooperation with the Syrian-European Group.

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Russia is emerging as the winner from international sanctions against Syria and stands to benefit even more if the European Union bans imports of Iranian crude, keeping Russia's Urals crude at stiff premiums for months more.
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Middle Eastern countries will see an increase in retail prices of Turkish-made garments as of next month if instability in Syria persists, Lebanese merchants, who import goods from Turkey via Syria, told The Daily Star Lebanese newspaper. ...
Gulfsands Petroleum said its exploration activities in Syria remained ongoing and would not be restricted by the recent introduction of additional European Union (EU) sanctions on oil production in Syria, according to report by Reuters.
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Oil rose on Tuesday and briefly surged nearly $4 a barrel in a furious burst of trading that traders attributed to renewed jitters over Iran, expectations of further monetary easing and possibly computer-driven trading.

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The paper factory in Deir Azor is undergoing a complete makeover by VIMPEX the Austrian operator of the state owned factory.
The new makeover plan will shift production from 40 to 70 tons of paper annually ...
Sweden blocked an effort by other EU states to add two telecoms firms in Syria with commercial links to Swedish firm Ericsson to an EU sanctions list this week, EU diplomats said.
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Canadian energy giant Suncor will continue to operate in Syria, even as the European Union tightened the economic screws Thursday and a top United Nations official said the country was now in a state of civil war. ...
"We are not satisfied with the performance of the government", says a key businessman
Fares Ashehabi, the head of the Aleppo chamber of commerce and one of the businessmen who were on the EU's list of sanctioned people said today that businessmen are not generally content with ...
The United Arab Emirates has no plans to suspend flights to Syria, a top official said on Wednesday, after the government of Dubai's press office earlier said airlines were preparing a halt in ...
Deputy Executive Manager of Saudi French Bemo Bank in Syria Manar Tawakul said that the bank is a Syrian legally independent bank, adding that the performance and ...
Syria moved up two ranks in the Doing Business 2012 report issued by the World Bank, rising from rank 136 to 134 from 183, raking 14th among 19 Arab countries.
The report shows that Syria improved in two ...
Minister of Economy and Trade Dr. Mohammad Nidal al-Shaar said that the decision to suspend importing materials with +5% customs is temporarily and precautionary and could be adjusted.
In statements made late ...
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