Tuesday, July 16
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Nicholas Nahas warns reexamining budget figures wrong signal to international community

Business
Finance and Budget Committee rapporteur, MP Nicolas Nahas, on Friday warned that attempts to re-examine the 2019 state budget figures from scratch during the General Assembly session would denote a "wrong signal" to the international community. "The discrepancy in deficit ratio figures between the government, the financial committee, and the International Monetary Fund, are not important; these are mere illusionary figures. The international community is monitoring our serious work in the implementation of budget reforms rather than scrutinizing figures," Nicholas explained in an interview accorded to the Voice of Lebanon radio station.Source: National News Agency

52 new industrial and craft facilities enter production stage in Daraa

Business
Daraa, 52 new craft and industrial facilities have entered the production stage with a capital estimated at SYP 1.422 billion over the first half of the current year as they have provided 218 job opportunities.Head of Daraa Industry Directorate Abdul-Wahed al-Awad, in a statement to SANA, said that Daraa province is witnessing a notable activity by the industrialists, craftsmen and investors who want to obtain licenses or to rehabilitate the damaged facilities.Al-Awad added that the number of the licenses granted to the craft and industrial projects over the first half of the current year has reached up to 118 licenses with a capital estimated at SYP 2.629 billion and they will provide 423 job opportunity after implementing them.The total number of the licensed industrial facilities in Dar...

52 new industrial and craft facilities enter production stage in Daraa

Business
Daraa, 52 new craft and industrial facilities have entered the production stage with a capital estimated at SYP 1.422 billion over the first half of the current year as they have provided 218 job opportunities.Head of Daraa Industry Directorate Abdul-Wahed al-Awad, in a statement to SANA, said that Daraa province is witnessing a notable activity by the industrialists, craftsmen and investors who want to obtain licenses or to rehabilitate the damaged facilities.Al-Awad added that the number of the licenses granted to the craft and industrial projects over the first half of the current year has reached up to 118 licenses with a capital estimated at SYP 2.629 billion and they will provide 423 job opportunity after implementing them.The total number of the licensed industrial facilities in Dar...

Syria, Iran sign joint cooperation program in domains of social care, rural development, finance

Business
Tehran, Syria and Iran on Tuesday signed a joint cooperation program in the domain of social care, rural development, micro finance, labor and entrepreneurship.The program was inked by Minister of Social Affairs and Labor Rima Qadiri and Iranian Minister of Cooperatives, Labor and Social Welfare Mohammad Shariatmadari in presence of Syria's Ambassador in Tehran Dr. Adnan Mahmoud.The program includes exchanging knowledge, experiences and technical cooperation between the Syrian and Iranian institutions in the domains of social care, rural development micro finance, labor and entrepreneurship.During the signing of the program, the two sides called for upgrading the level of joint cooperation and for working on carrying out that program on the ground so as to reach tangible outcome that would...

Syria participates in Egmont Group for combating money laundering and terrorism funding in Hague

Business
Damascus, Central Bank of Syria said that a delegation from the commission for combating money laundering and terrorism funding (CMLTF) participated in activities of the 26th Egmont Group of Financial Intelligence Units meeting which was held in Hague from the first to the 4th of July.The Central Bank said in a statement that the participation of commission for combating money laundering and terrorism funding in the meeting is an important event after more than nine years of suspension due to the relentless attempts made by many sides to make Syria absent from the international arena and prevent it from participation in all the meetings in regards with combating money laundering and terrorism funding in an attempt to put the name of Syria among countries that are not committed to internat...

Afiouni, Rampling tackle economic cooperation prospects

Business
Minister of State for Investment and Technology Affairs, Adel Afiouni, on Tuesday welcomed in his office at the Ministry British Ambassador to Lebanon, Chris Rampling.Discussions reportedly touched on the economic situation and cooperation between the two countries, notably in the economic domains, specifically the technology sector.Minister Afiouni pointed out during the meeting that the economic and financial dossier constitutes a priority for the Lebanese and the government, hoping that the cabinet will convene as soon as possible to launch the next phase of reforms, including structural economic reforms committed by Lebanon at the CEDRE Conference, as well as the 2020 state budget.Talks also covered the Ministry's projects in support of the digital transformation of the economy and mea...

Cabinet allocates SYP 5 billion for procuring vehicles and equipment for sanitation services

Business
Damascus, The Cabinet approved on Sunday a plan by the Culture Ministry for developing the work of cultural centers by expanding their programs and activities.During its weekly session chaired by Prime Minister Imad Khamis, the Cabinet allocated SYP 5 billion for procuring vehicles and equipment in order to improve sanitation services in cities and towns.The Cabinet also discussed the status of the General Union of Co-op Housing and tasked a committee with evaluating its performance, as well as reviewing the process of procuring wheat and barley crops, and discussing the Transport Ministry's plan for replacing license plates.Source: Syrian Arab News Agency

Syria, Iraq and Iran sign minutes for cooperation in domain of comprehensive transport

Business
Tehran, The Syrian Arab Republic, the Islamic Republic of Iran and the Iraqi Republic on Wednesday signed meeting minutes for cooperation in the domain of comprehensive transport.The minutes were signed by Director- General of the General Establishment of Syrian Railways Najib al-Fares, Iranian Deputy Minister and Chairman of Roads Maintenance and Transport Organization Shahram Adamnejad and Chairman of the Iraqi Roads Maintenance and Transport Organization and DG Technical Department, Ministry of Transport Imran Mousa.The minutes include forming a central committee for the tripartite cooperation to facilitate the measures and provide the required support to overcome all the obstacles and to implement the project of comprehensive transport successfully.Specialized work teams in all domai...

Syria, Iraq and Iran sign minutes for cooperation in domain of comprehensive transport

Business
Tehran, The Syrian Arab Republic, the Islamic Republic of Iran and the Iraqi Republic on Wednesday signed meeting minutes for cooperation in the domain of comprehensive transport.The minutes were signed by Director- General of the General Establishment of Syrian Railways Najib al-Fares, Iranian Deputy Minister and Chairman of Roads Maintenance and Transport Organization Shahram Adamnejad and Chairman of the Iraqi Roads Maintenance and Transport Organization and DG Technical Department, Ministry of Transport Imran Mousa.The minutes include forming a central committee for the tripartite cooperation to facilitate the measures and provide the required support to overcome all the obstacles and to implement the project of comprehensive transport successfully.Specialized work teams in all domai...