To Combat Terrorism Is The ultimate Goal of Syria : al-Ja'afari underscores

NEW YORK, (ST)-Bashar al-Jaafari, the Permanent Representative of Syria to  the UN asserted on Tuesday that the Syrian government is combating the Qatari- and Saudi-funded takfiriterrorist groups on behalf of the whole world.

Prior to voting on a Saudi-proposed draft resolution against Syria which is entitled as  'Human Rights Condition in the Syrian Arab Republic',al-Ja'afari addressed the UN General Assembly,  Social, Humanitarian Cultural Affairs Committee ,the third Committee.Al-Jaafarilambasted the Saudi, Qatari and Turkish regimes as being fully culpable for the continuation of terrorist acts that target civilians, military personnel and vandalism of infrastructure in Syria.

He also added that the draft resolution submitted by the Saudi delegation on behalf of its allies criticizing the human rights situation in Syria is but a stunning paradox in itself considering the black record of the Saudi regime has in this regard.

"The Saudi regime is the least obsequious one to speak about the human rights," al-Ja'afari added, stressing that "the Saudi delegation had better acquaint the audience with the untold miserable human rights condition in their own country."

H.Sh

Investment in Syria Towards Recovery

By the implementation of the Syrian government's policy to mobilize all efforts to build a stronger Syria, the Syrian Investment Agency (SIA) has spared no effort to reactivate and improve the country's investment atmosphere which, as other key economic sectors, was badly affected by the ongoing crisis and the heinous war waged against Syria by foreign-backed terrorists and mercenaries.

Despite the serious damage caused to the investment sector by the global war on Syria, reports issued by the SIA indicated that this sector has started to heal and grow again.  The SIA's 7th annual economic investment report for 2012 mentioned that the number of enlisted projects reached 47 at an estimated cost of Syrian Pounds 38435 millions.

 A recent SIA report pointed out that since the beginning of 2013 till last October, the number of enlisted projects has reached 33 at a cost of 79 billion Syrian Pounds, covering mainly industry and transport. According to the report, the projects provide more than 8400 job opportunities.

Moreover, the recently enlisted "Nasamat'' project for generating electricity has been a turning point in terms of attracting investments. The project, which provides 1100 job opportunities, has an investment cost of 1210 billion Syrian Pounds, thereby making the investment cost of all the enlisted projects for this year reach 1289 billion Syrian Pounds.

 The Director General of the (SIA) Eng. Hala Ghazal made it clear that since the beginning of the crisis in Syria, the agency has spared no effort to continue its activities.

She added that the number of investment projects plummeted as a result of the extraordinary circumstances Syria has been facing, but the country continued to receive applications for investment despite the heinous and unjust global aggression against Syria and the destructive acts which targeted the state's public and private properties and infrastructure. 

Ghazal pointed out that the first report on direct foreign investment in Syria is due to be issued within the coming few days noting that the SIA, in cooperation with other partners, is currently reviewing and updating the investment blueprint which is to incorporate developmental, educational, social, economic and legal information about Syria and show the country's multiple resources and industrial cities.

Ghazal stressed that the map aims at furnishing investors with necessary information on the investment policy and  helping them choose and set up their investments confidently.

According to Ghazal,  the map includes a database that was translated into 13 languages to guide investors, researchers as well as decision and policy makers. This base includes data for 382 public investment opportunities in all sectors nationwide, 18 private investment opportunities in addition to the innovation licenses in every province.

Ghazal described investment outside industrial cities as necessary to medium-sized projects, stressing that the Syrian government takes this issue into consideration.

She clarified that in one of its decisions, the government called for supplying industrial zones in different provinces with the same facilities and franchises provided to the country's big industrial cities, particularly as the studies and the investment map of 100 industrial zones had been made.

She pointed out that the SIA is currently deliberating a draft law that provides for organizing investment taking into consideration the current challenges.

Ghazal added that this draft law encourages investment and development sectors, urges setting-up a unified higher investment council which combines  the tasks of the higher investment council and the higher tourism council. The bill also emboldens the reactivation of partnership between the private and public sectors,  she said.

Rawaa Ghanam

Governor of (CBS): Financing Business Operations Nonstop

 DAMASCUS, (ST) – The Governor of the Central Bank of Syria, Dr. Adib Maiyaleh, underlined that the bank is continuing in funding business processes through licensed banks and buying foreign exchange from the Central Bank by these banks will be available to finance non - commercial banking operations as well as exchange licensed institutions.

During a meeting by the quality intervention session held on Friday in the presence of representatives of the licensed banking institutions, Dr.  Maiyaleh noted that the bank always seeks to maintain exchange rate stability within acceptable levels and that will not allow happening any fluctuations in the exchange rate of the lira .

He indicated to the necessity of activating the primary role of banking institutions , doing the best and to limit any speculative or manipulated exchange rate of the lira. He also reiterated the bank 's readiness to intervene in order to preserve the record levels to the Syrian pound .

“All banks have the right to submit their requests to buy foreign exchange from the Central Bank to cover the needs of citizens for non-commercial purposes and the same prices advertised to exchange companies indicating that it was announced, during the meeting, on the sale of a slice of the foreign exchange value of $ 20 million for the purposes of intervention and selling at a price not exceeding 150 Syrian pounds per dollar,” Dr.  Maiyaleh pointed out.

Sh. Kh.

Electricity Project from Wind Energy by Russian Company

(ST)- The Syrian Investment Commission recently included a project, provided by a Russian company, to produce electricity from wind power. The investment cost is estimated at 1210 billion Syrian Pounds in the  southern region, whereas the project will provide a capacity up to 450 megawatts and nearly 1100 jobs.

"The project is called (Nusaymat) to generate electricity from wind energy between the governorates of Daraa and Sweida by the Russian  Company (Tekh RM Com), where the investment cost to reach 1200 billion Syrian Pounds, 1100 billion Syrian Pounds, including the value of machinery and equipment," Al -Baath newspaper recently published.

The Ministry of Electricity and the European Complex of Heavy Industries, based in the industrial city of Hisya, signed late last month, a memorandum of understanding to implement a project of wind farms to generate electricity also in the area of al Sindyaneh in Homs with a capacity estimated at 105 MW.

The government is seeking to ensure alternative energy sources, support and encourage the use of solar energy for the provision of other energy sources in light of the continued decline in oil production and the increasing demand for electric power due to the current crisis in Syria since mid-March 2011.

Sh. Kh.

Activating Scientific Research at Industrial Institutions

 (ST)- The Minister of Industry, Kamal Eddine Toumah, has underlined the need to follow up and implement the national policy of science, technology and innovation for the industrial sector. 

In a notebook was addressed to the Department of Scientific Affairs and Planning, the Minister urged to activate the process of scientific research in the industrial sector and follow up the implementation of the proposals in this regard in companies and institutions affiliated to the ministry through the creation of a Department of Scientific Affairs at each company or institution affiliated to the Technical Directorate and to be supplied with necessary technical cadres.

The Director of Scientific Affairs, Eng. Basman Muhanna, pointed out that the Directorate of Scientific Affairs identified in its proposals the functions of the Department of Scientific Affairs to supervise the implementation of the business related to scientific research, particularly in the development of production lines, solving technical problems, improving energy efficiency, developing of products, conducting studies and research to alleviate waste during the production process. 

The functions of the department also includes  raising periodical reports on scientific research, obstacles  and proposals to the ministry to coordinate with the supreme body of scientific research and research bodies affiliated to the ministry including the lab centers and industrial research, the Specifications and Standards Association and to benefit from their expertise as well as supervising the implementation of the proposals of national policy for science, technology and innovation, supporting and motivating innovators in public entities. 

Sh. Kh.