Business

Damascus, A technological business forum was held on Tuesday in Damascus which brought together the managers and representatives of about forty Iranian companies in various technical, medical, engineering and industrial domains with heads and representatives of a number of Syrian scientific, research institutions and  economic activities. The forum, organized by the Iranian Center for Advanced Technology /The Iranian House of Creativity and Technology/ was held at Sheraton Damascus Hotel. It screened a film about Iranian technologies in the medical, engineering and industrial fields and the developments that have followed them. Minister of Higher Education and Scientific Research, Bassam Ibrahim, said in a speech that Syria is always looking forward to developing its relations with Ira...

 Tehran, The Syrian-Iranian Business Opportunities and Approaches Forum started activities on Monday at the Iranian Chamber of Commerce, Industry and Agriculture in Tehran.  The Forum will tackle several issues that would reflect positively on increasing the Syrian-Iranian exports, including the cancellation of costumes duties on the goods exported to Syria which are estimated at 4 percent, in addition to reducing the ban on exporting 80 commodities to the level of one-third.  A number of Iranian officials attended the opening of the forum, including, Head of Iran’s Trade Promotion Organization (TPO) Hamid Zadboum and Head of the Joint Syrian-Iranian Chamber of Commerce Kiwan Kashfi. It is noteworthy that the Iranian Chamber of Commerce, Industry and Agriculture has opened a trade...

Abu Dhabi, The Saudi Arabian Military Industries (SAMI), which is fully owned by the Public Investment Fund (PIF), concluded its successful participation in the International Defence Exhibition and Conference (IDEX), for the year of 2021, which was held in Abu Dhabi, UAE. During the 5-day exhibition, SAMI signed a number of cooperation agreements with international companies and government agencies. SAMI pavilion was visited by the Governor of the General Authority for Military Industries, Eng. Ahmed bin Abdulaziz Al-Ohali, Saudi Ambassador to the United Arab Emirates Turki bin Abdullah Al-Dakhil and a number of Saudi officials. The pavilion also received Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohammed bin Zayed Al-Nahyan, UAE Deputy Prime...

Riyadh, Director of Health and Environmental Aid Department at King Salman Humanitarian Aid and Relief Centre (KSrelief) Dr. Abdullah bin Saleh Al-Moallem said, in a press conference today, that KSrelief, the Kingdom of Saudi Arabia's relief arm, has provided as much as SR184 billion worth of aid for 156 countries. He also said that this aid reflects the humanitarian and development role played by the Kingdom of Saudi Arabia. The conference addressed the Kingdom of Saudi Arabia's support for the humanitarian response plan in Yemen during 2020 in order to improve living conditions and alleviate the suffering of Yemeni people resulting from the current humanitarian crisis.   Source: Saudi Press Agency

Damascus, Minister of Internal Trade and Consumer Protection Talal al-Barazi has discussed with a delegation of the Jordanian Chamber of Commerce, headed by Nael Kabariti, means to activate the economic cooperation and trade exchange between the two countries. Minister al-Barazi affirmed Syria’s readiness to provide all forms of support and facilitations necessary to revitalize the movement of economic cooperation and trade exchange, especially the transit trade, because of its vital role in stimulating the flow of goods between the two countries and the markets of other countries. He underlined the importance of exchanging visits between businessmen and members of chambers of commerce in the two countries and organizing exhibitions and festivals for shopping and carrying out investm...

Riyadh, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), has announced the launch of Soudah Development Company (SDC) in the Asir region. The new entity, fully owned by the Public Investment Fund (PIF), will lead the development of a luxury mountain destination with immersive cultural experiences and celebration of the natural assets empowering the local and national economies. Launched to be a key driver of the Kingdom’s Vision 2030 ambitions, SDC will infuse USD 3 billion (SAR 11 billion) into infrastructure and tourism projects, aimed at enhancing the visitor experience in Soudah and parts of Rijal Alma'a Governorate. The planned developments include 2,700 hotel rooms, 1,300 reside...