Industry Minister: Public Companies’ Production Estimated at SP 176.486 billion, Hama Iron Company to Start Production Soon

Damascus, (ST)- In cooperation with the Indian Apollo Company, The Hama Iron Company will start production soon after the completion of the ongoing rehabilitation works being carried out at the company, Industry Minister Ahmad al-Hamu said.

In a statement to local press, the minister clarified that the ministry is currently working on implementing its plan, approved by the Cabinet last September, which focuses on developing the productive and marketing capabilities of companies and overcoming the difficulties facing these companies, both with regard to the supplying of raw materials and the developing of products and achieving the highest value added, in addition to making best use of the machines, equipment, workers and technical expertise in those companies.

Some 21 Syrian Companies Take Part in "Gulfood"

Damascus, (ST)- Syria participates effectively inthe World Food Exhibition "Gulfood” 2017, which kicked off on Sunday in Dubai, United Arab Emirates.

Director of the Exports Development Authority Al Mahdi Al Dali said that Syria's participation is represented by 21 food companies, pointing out that the exhibition is a great opportunity for the promotion of industries and national products. He said the exhibition opens new markets and allows participants to hold commercial deals that activate the overall production process especially because the food industry is Syria is one of the main sectors that enjoys high level of competitiveness.

The FAO Food Price at near two-year high in January

 The FAO Food Price Index (FFPI) averaged 173.8 points in January 2017, up 3.7 points (2.1 percent) from the revised December value. At this level, the FFPI is at its highest value since February 2015 and as much as 24.5 points (16.4 percent) above its level in the corresponding period last year. The strong rebound in the January value of the FFPI was driven by a surge in international sugar quotations and sharp increases in export prices of cereals as well as vegetable oils. Meat and dairy markets remained more stable.

China's Participation in Reconstruction in Syria Discussed

DAMASCUS, (ST)- Syria and China on Thursday discussed  bilateral ties and China's participation in the process of reconstruction in Syria.

During a meeting with China's Ambassador in Damascus Qi Qianjian, Prime Minister Imad Khamis thanked Beijing for supporting Syria at different international gatherings, stressing that "today we are amid a global war on terrorism, with takfiri terrorists on the one side and all peoples of the world that began to suffer from terrorism on the opposite side."

"We are confronting terrorism in parallel with exerting political efforts to attain security and stability to the Syrian people," said Khamis.

Mayyaleh Discuss with Syrian Industrialists Residing in Egypt Means to Facilitate Their Return to Syria

DAMASCUS- Minister of Economy and Foreign Trade Adib Mayyaleh discussed on Monday with a delegation of Syrian industrials residing in Egypt the ministry’s means to support Syrian businessmen abroad to facilitate their return to Syria in light of the stabilization of security conditions and the gradual return of economic activity.

The two sides discussed the activities of the industrialists’ facilities in Syria and abroad, in addition to discussing the possibility of exchanging imports between Syria and Egypt.

For his part, Mayyaleh pointed out to the efforts exerted to launch the 59th session of Damascus International Fair, hailing the efforts of Syrian businessmen to maintain the strength of Syrian industry in all countries, particularly Egypt.