CBS (Commercial Bank of Syria): A Package of banking products & new loans offered in 2019

The Syrian Commercial Bank took several measures in 2019 to develop the laws regulating the granting of loans and banking services in an attempt to employ the available currency in support of production projects and offer new banking products such as the personal and educational loans.

According to the statements of the Bank about its achievements in 2019, the Bank offers investment loans to fund new projects or renew and expand old projects such as the purchase of machines, equipment, vehicles and expanding the buildings of the projects.

Moreover, the statements clarified, that the Bank also gives loans to finance the replacement of production lines and the industrial projects which were devastated as a result of terrorist acts.

Syrian-Jordanian talks to facilitate the transport of goods, transit and export between the two countries

The Jordanian delegation discussed on Monday, with the Chambers of Industry and Commerce of  Damascus and its countryside, ways to overcome the obstacles facing the flow of goods and the movement of transport and transit between the two countries and work to facilitate the movement of intra-trade.

During the meeting in the Chamber of Industry of Damascus and its countryside, Chairman of the Chamber's Board of Directors, Samer Al-Dibs, underlined the need to overcome all obstacles that face the movement of goods crossing between the two countries, especially with regard to customs duties on the transit of trucks loaded with goods amounting to 10 percent, which negatively affect the commercial exchange between the two countries.

Al-Dibs pointed to the problem of the banned list of Syrian products which was laid down by the Jordanian Ministry of Economy and the need to address it, especially in light of unjust Western unilateral measures imposed on Syria.  Al-Dibs highlighted the importance of reaching solutions that satisfy both sides.

In Damascus Chamber of Commerce, a member of the Chamber’s Board of Directors, Manar Al-Jallad, stressed the need to adhere to the major Arab free trade agreement governing trade exchange between Arab countries and facilitate the transit of Syrian goods. He also stressed that any agreement shouldn’t be cancelled before informing the Syrian side of it within a specific time to take appropriate measures for it.

For his part, Chairman of the Jordanian Customs and Transportation Companies, Dhaif Allah Abu Aaquleh, said that the visit aims to address the difficulties facing intra-trade between the two countries and the obstacles of the crossing trucks and transit and fees imposed on them. He also pointed to the importance of reactivating and raising the amount of exports.

For his part, Muhammad Khair Dawood Al-Zoubi, Chairman of the Jordanian Truck Association, stressed the necessity of reducing customs duties on trucks in order to increase exports between the two countries and enhance intra-trade, especially as these fees hinder the exchange of goods and raise their costs. He hoped that the parties concerned in both countries can find appropriate solutions.

Inas Abdulkareem 

The Junior International Chamber - Damascus concludes projects for 2019

The Junior International Chamber - Damascus announced today the conclusion of its projects and activities for the year 2019 in a ceremony that included honoring its distinguished members at work and the partners who supported it to achieve a positive impact on society.

Head of the Junior International Chamber in Damascus, lawyer Lama Issam Al-Jamal, said that the Chamber, which has been working since 2005 in the field of innovation and creativity of projects that contribute to the development of human beings, society and the economy, completed during 2019 thirty projects and benefited directly more than 5 thousand people in cooperation with 65 partners in community work.

Citrus Festival Kicks off in Lattakia

The Citrus Festival currently held at the National Museum in Lattakia province constitutes  an important economic and trade manifestation  and a platform to introduce Syrian citrus  fruit that have distinct characteristics.

The festival, which kicked off on Saturday, displays all kinds of citrus fruits with the aim of promoting this important agricultural product and introducing it for marketing internally and externally.

Siamco Automotive continues to produce diversity of brands within the plan 2020

Damascus, (ST) - The General Manager of the General Establishment for Engineering Industries and a member of the Board of Directors of the Syrian-Iranian Auto Manufacturing Company (Siamco), Engineer Asaad Warda confirmed that the company continues to operate and has not stopped manufacturing during 2019

Eng. Warda said in a statement to the delegate of SANA that (SIAMCO) continues to produce cars within the framework of cooperation between Iran and Syria  and in line with the absorptive capacity of the market.