New economic procedures adopted

DAMASCUS,(ST)_Prime Minister, Dr.Wael al-Halqi, chaired on Sunday the meeting of the committee recently formed to follow up the current economic situation caused by the western embargo and aggression that targets the Syrian people.

Dr. AdebMayaleh, Governor of the Central Bank of Syria (CBS) briefed the committee on the monetary and banking situation besides procedures taken by the CBS to preserve foreign currency and stability of exchange rate in the market.

SANA reported that the participants adopted several new economic and financial procedures to help enhance national economy and ensure local market's requirements as regards all products.

The premier expressed satisfaction over the new adopted measures, asserting the Syrian economy's capability to confront all challenges that are facing it.

Basma Qaddour

Liquidity of hard currency is more than excellent, says CBS Director


Director of the Commercial Bank of Syria Ahmad Dyab has assured that the bank liquidity of hard currency is more than excellent and within acceptable limits of Syrian pound, and he expects more than SP 8 billion as gains.

Profits declined by SP 5 billion this year compared to last year because of Industrialists and investors’ activities stopped, closure of some branches of the bank in some places, terrorist acts and theft, asserted Dyab.

Distribution of ATMs will be a priority next year especially in safe places, and the bank will continue finance and guarantees of traders and industrialists and will finance the non-commercial operations of people by giving 5000 Euro per person to work on the stability of the local currency. The bank management will also commence giving loans to low-income people, the director added.

The Commercial Bank has stopped financing imports Because of some banking standards, he concluded.


M. T

Enhancing Economic, Commercial Cooperation between Syria and Iran stressed

DAMASCUS, (ST) – Prime Minister Wael al-Halqi stressed the deep-rooted friendly relations between Syria and the Islamic Republic of Iran.

Al-Halqi's  remarks came during his meeting with Hassan Kazemi Qomi adviser to Vice President of Iran in Damascus on Saturday.

Premier al-Halqi stressed the importance of enhancing economic cooperation to the level of the distinguished political relations between Syria and Iran.

"Syria is facing armed terrorist groups backed by the USA and some Arab and regional countries, lauding the achievements of the Syrian army who is clearing the country from the terrorists and restoring security and stability to it,"al-Halqi stressed.

He also hailed the stances of Iran, expressing thanks to Tehran for the efforts exerted to explain the reality of the events in Syria and for holding a national dialogue conference with the aim of solving the crisis in Syria through dialogue and national reconciliation.

During the meeting,both sides discussed the bilateral relations and means to bolster them in all fields, especially in the fields of economy, commerce, power, petroleum, exchanging goods and adopting measures to facilitates the flow of goods to the two countries' markets.

For his part, Kazemi Qomi hailed the steadfastness of Syria in the face of terrorism.

"Syria's steadfastness  has foiled the US- Israeli strategy which aims at undermining Syria and the resistance as well," underscored Qomi,adding that Syria will defeat its enemies and overcome the current crisis.

The meeting was attended by Deputy Prime Minister for Services Affairs, Minister of Local Administration Eng. Omar Ibrahim Ghalawanji, Minister of Finance Dr. Mohammad al-Jleilati, Secretary- General of the Prime Ministry Tayseer al-Zoubi, Tehran Ambassador in Syria and the accompanying delegation.


Market of clean products in Swieda

 Every Saturday the Syrian governorate of Sweida witnesses a number of important activities ,including  a special market for clean agricultural products .

Many farmers from all the governorate`s villages exhibit their clean products in the market which hosts the citizens for six hours .

Clean agricultural products are completely natural .The farmers depend only on rain water for irrigation. The products  never come under any kind of chemical fertilizers or hormones .

The veterinarian Dr.othman Hamza, who is participating in the event said that the products are with international standards in the field of natural agriculture ,reiterating that they are clean from insecticides .  They remain fresh and new for many days after harvest.

The market also contains stands for special products that depend on recycling  environmental waste and food`s remainder including fruits peels  and wheat spikes . These products  are clean and cheap due to the abundance of its raw materials .

Another pavilion in the market is also specialized for manual industry including clothes and accessories.

The event is organized by the engineer Rima al –Taqi  and a number of the governorates` specialists in the field of clean agricultural products.

Nahla al -Maaz




Cabinet Approves Agricultural Fund Budget

DAMASCUS (ST)_ Prime Minister Wael Al-Halqi reviewed yesterday the government's efforts to help overcome the negative impacts of the current economic situation on the life of the Syrians.

During a Cabinet meeting, Al-Halaqi asserted that the government is working hard to provide the Syrian citizens with their basic needs of food and oil derivatives.

Efforts to keep the (SYP) exchange rate stable and to fund local exports were also discussed.

Ministers of electricity, health and agriculture briefed the cabinet on their development plans for 2013.

Based on a memorandum, submitted by Subhi Al-Abdullah, Minister of Agriculture and Agrarian Reform, the Cabinet approved the estimated budget of the Agricultural Production Fund and its work plan for 2013.

The Cabinet also decided to form a committee to be tasked with following up cooperation issues between Syria and Iran, and overcoming the administrative obstacles facing this cooperation.


Ibrahim Zaaboub