Law issued exempting clients of Agricultural Coop Bank from interests and fees for loans


Damascus – President Bashar al-Assad on Wednesday issued Law no. 46 for 2018, exempting clients of the Agricultural Coop Bank from all contractual interests and fines and interests for overdue loans, SANA reported.

The law doesn’t cover debts for private sector clients that exceed SYP 5 million, and the exemption requires the client to make a payment of 5% of the tabulated account capital.

Government Has Put Comprehensive Strategy to Develop the State Institutions: PM

DAMASCUS- Prime Minister Imad Khamis said on Monday that the government has put a comprehensive strategy to develop all sectors of the state institutions in a way that positively affect the national economy and the life of the citizen, according to SANA.

Khamis, during a meeting of members of the General Federation of Trade Unions, added that the state spends nearly 200 million USD per month to ensure the basic requirements for citizens including wheat and oil products.

He stressed that the national project for administrative development is running perfectly, adding that an executive program has been put to reform the institutions of the public sector.

Rehabilitation of the Irrigation Sector Discussed with FAO

Damascus- The second consultative meeting organized by the Ministry of Agriculture and Agrarian Reform and the Ministry of Water resources in cooperation with the Food and Agriculture Organization of the United Nations (FAO) discussed here on Wednesday the irrigation and water resources situation in Syria, the prospects of rehabilitation of the destroyed irrigation projects and the future objectives of the development of the agricultural sector.

Syria Iraq to Develop Transport Cooperation

Baghdad- Iraqi Transport Minister Eng. Abdullah Luaibi discussed here on Tuesday with Syrian Ambassador to Iraq Sattam Jadan Al-Dandah ways to enhance and develop commercial cooperation in the fields of land and air transport between the two brotherly countries.

The two sides pointed to the importance of opening border crossings between the Syrian region of Bou Kamal and the Iraqi region of al -Qa'im to facilitate the movement of transport and trade exchange between the two countries.

"We discussed with Ambassador, Al-Dandah, the return of Iraqi air transport through Iraqi airways to Syrian airports and the strengthening of bilateral relations between the two countries to develop the reality of transport and to develop investment plans in various fields," Eng. Luaibi said in a statement.

Damascus Chamber of Commerce Calls on Armenian Businessmen to Benefit from Investment Opportunities in Syria

DAMASCUS- The Board of Directors of Damascus Chamber of Commerce discussed on Sunday with a delegation of Syrian expatriates in Armenia and a number of Armenian economic figures means of upgrading economic and trade relations and establishing partnerships between the Syrian and Armenian businessmen at various levels, SANA reported.

Head of Damascus Chamber of Commerce Ghassan al-Qallaa called on the Armenian businessmen to take advantage of the available investment opportunities in Syria during the reconstruction stage, pointing out to the need to develop a mechanism for enhancing trade exchange between the two countries.