Tuesday, November 19
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Business

Arab Banks Union to convene in Cairo upcoming December 8 & 9

Business
The Union of Arab Banks is expected to hold its annual conference on December 8 & 9, 2019, which will tackle the "impact of political and economic fluctuations on the flow of banking operations in the Arab region.""The conference will discuss the economic reforms and their impact on achieving economic and social security, as well as the pressure imposed by international legislation on the banking sector and its repercussions," the Union's Secretary General Wissam Fattouh said in a statement.Referring to the Beirut banking conference, Fattouh indicated that it was postponed due to the developments in Lebanon. He added that the conference will be held immediately upon the new cabinet formation and after the return of political conditions to normal, with the participation of all parties and i...

Economic Forum in Tehran introduces Iranian companies to investment opportunities in Syria

Business
Tehran, The Forum of Business and Economic Opportunities with Syria on Tuesday kicked off at headquarters of the Trade Promotion Organization (TPO) at the Iranian capital city of Tehran.The Forum aims to introduce the Iranian private sector to the investment opportunities in Syria and to increase its presence in Syria in the upcoming phase to rehabilitate the productive sectors and establish economic partnerships with the Syrian private sector and enhancing cooperation and expanding trade exchange.Participants in the Forum discussed means of facilitating measures on the level of bank transfers and transport lines by the two governments and the bodies concerned in a way that would contribute to the flow of goods between the two countries to be able to face of the repercussions of the U.S. e...

Syria, Cuba discuss enhancing economic relations

Business
Havana, Syrian delegation participating in Havana 37th International Fair discussed with a number of Cuban economic officials the importance of enhancing economic relations between the two countries.During his meeting with Syrian delegation, Chairman of Cuban Chamber of Commerce Orlando Hernandez Guillen expressed pleasure for Syria's participation in this economic event, asserting that the Syrian participation in the Fair is an evidence on Syria's recovery in the economic field following the war waged against it.He pointed out that Syria's participation contributes to expanding relations and trade exchange between the two countries, particularly that Syria and Cuba are connected with a deep-rooted and historic ties.For his part, Syria's ambassador to Cuba, Idris Mayya underlined that Syri...

Union of Bank Employees Syndicates: Extraordinary meeting upcoming Monday to discuss infringements against staff in many banks’ branches

Business
In an issued statement Saturday by the Secretariat of the Union of Bank Employees Syndicates in Lebanon, it called for an extraordinary meeting by the Union's executive board on Monday to "deliberate over the subject of infringements on bank employees."In this framework, Union President George Antoine Hajj urged all members to attend the meeting, saying that "what happened at the end of last week in many banks branches, such as encroachment on colleagues with insults and physical assault in some cases, requires a decision by the Union Council in order to maintain the safety of bank employees."The Union Secretariat indicated that a statement will be issued at the end of the meeting on Monday to be circulated via the media, adding that the Banks Association President will also be informed of...

U.S. stocks climbed to record highs

Business
New York, U.S. stocks climbed to record highs Thursday.The Dow Jones industrial average rose 182.24, or 0.7 percent, to 27,674.80.The broader Standard & Poor's 500 index rose 8.40, or 0.3 percent, to 3,085.18.The technology-heavy Nasdaq composite index rose 23.89, or 0.3 percent, to 8,434.52.Source: Saudi Press Agency

U.S. stocks climbed to record highs

Business
New York, U.S. stocks climbed to record highs Thursday.The Dow Jones industrial average rose 182.24, or 0.7 percent, to 27,674.80.The broader Standard & Poor's 500 index rose 8.40, or 0.3 percent, to 3,085.18.The technology-heavy Nasdaq composite index rose 23.89, or 0.3 percent, to 8,434.52.Source: Saudi Press Agency

Syria, Iran discuss cooperation in developing electricity system

Business
Tehran, The 19th Iran International Electricity Exhibition has opened in Tehran with participation of about 460 companies.Electricity Minister Mohammad Zuhair Kharboutli, who is paying a visit to Tehran, toured the exhibition to get acquainted with the latest developments in the Iranian electricity industries field and the possibility of benefiting from them and strengthening the electricity sector in Syria.In a press statement, Kharboutli pointed out that a number of contracts were signed with some companies , adding that other contracts, that would contribute to developing the electricity system in Syria, will be signed later.He stressed that there are aspirations to carry out either solar or wind renewable energy stations and projects.The Electricity Minister indicated that he discusse...

Syria, Iran to boost strategic cooperation in electricity field

Business
Tehran, Electricity Minister, Mohammad Zouheir Kharboutli, discussed on Wednesday with Iranian energy Minister, Reza Ardakanian, means of boosting strategic cooperation between Syria and Iran in the field of electricity.During the meeting, Minister Kharboutli stressed the need for establishing strategic partnership between the two countries in the field of electricity and electrical industry, power requirements of cables and generation stations.He hailed the important positive role played by Iranian companies in making the electrical system in Syria stable, and the projects carried out by Iranian MABNA group.The Iranian Minister, for his part, said his ministry is always ready for complete cooperation with electricity Ministry in Syria to achieve a remarkable step that promotes up to the l...

Syria, Iran to boost strategic cooperation in electricity field

Business
Tehran, Electricity Minister, Mohammad Zouheir Kharboutli, discussed on Wednesday with Iranian energy Minister, Reza Ardakanian, means of boosting strategic cooperation between Syria and Iran in the field of electricity.During the meeting, Minister Kharboutli stressed the need for establishing strategic partnership between the two countries in the field of electricity and electrical industry, power requirements of cables and generation stations.He hailed the important positive role played by Iranian companies in making the electrical system in Syria stable, and the projects carried out by Iranian MABNA group.The Iranian Minister, for his part, said his ministry is always ready for complete cooperation with electricity Ministry in Syria to achieve a remarkable step that promotes up to the l...

Foreign companies participating in “SyrPetro” exhibition look for key role in developing petroleum industry in Syria

Business
Damascus, The Foreign companies participating in the Syria International Petroleum and Mineral Resources exhibition SyrPetro look forward to play a key role in developing the petroleum industry and re-building and rehabilitating the petroleum facilities damaged due to the unfair terrorist war on Syria.Representative of Iranian PGPACC Oil Group Mohammad al-Jaafari told SANA Tuesday that the group aims at developing cooperation with the Syrian concerned bodies in the field of rehabilitating and rebuilding the factories and refineries in the country.Al-Jaafari added that the upcoming stage will witness significant economic and investment activity in this domain.For his part, General Manager of the Russian Oral Techno Stroy company branch in Syria Luae Murad stressed that the company works o...