Establishing the "Syrian Trade House" in Russia

DAMASCUS, (ST)-  The General Association For Supporting Domestic Production and Export Promotion signed a memorandum of understanding with the Russian company, "Adygya yourak" for the establishment of a permanent exhibition of Syrian products specialized for export as the " Syrian Trade House" in the Russian city Mabkub.

In a statement to local press, the Ministry of Economy and Foreign Trade said that this step comes within the framework of the ongoing work to support the local production especially craft industry including national industries, pointing out that the establishment of specialized exhibitions for products of all kinds is an efficient method for external promotion.

Syria- India Discuss Ways of Cooperation in the Reconstruction Phase

New Delhi, (ST) - Minister of Public Works and Housing Eng. Hussein Arnous discussed here with Nama Nagiswar Rao, Director of the Indian Company "Madokon", ways and areas of cooperation between Syria and India in the reconstruction phase. The Indian Company is specialized in infrastructure, housing, energy projects and resource exploration.

During the meeting held recently at the Syrian Embassy in New Delhi, the minister confirmed that the Syrian government has taken a direction policy eastward to the friendly and brotherly countries regarding the reconstruction phase, especially those countries that stood positively with Syria during the current crisis.

FAO Opens New Sub-Regional Office in Lebanon

Beirut – Current crises in Syria, Iraq and Yemen are the prime culprit behind the doubling of undernourished people in the Near East, FAO Director-General José Graziano da Silva said on Tuesday as he visited Beirut, where FAO is opening a new sub-regional office.

Lebanon and 14 other countries in the Near East and North Africa region achieved the Millennium Development Goal of halving hunger rates by 2015, but food security problems have grown in absolute terms due to civil conflicts in the region.

Enhancing Cooperation with Russia to Rehabilitate Syrian Economy

Moscow, (ST) - During a visit to Moscow, Minister of Communications and Technology Dr. Ali al-Dafeer and Minister of Oil and Mineral Resources, Eng. Ali Ghanem, held a series of meetings and interviews with the Russian officials and private agencies. The two parties agreed on strengthening cooperation in the field of rehabilitation and modernization of the infrastructure of the Syrian economy and starting new projects.

In an interview with local press in Moscow, Minister al-Dafeer pointed out that he discussed the Minister of Communications and Media Nikolay Nikiforov ways of cooperation between the two countries and signed a contract to the development of e-government project in Syria, noting the advanced capabilities of Russia in this area.

FAO Food Price Index dips slightly in November


ROME - The FAO Food Price Index dipped slightly in November, marking a mild departure from its steady rise over the course of 2016.

The Index declined 0.4 percent from October, averaging 171.3 points in November, as a sharp drop in sugar prices outweighed an increase in palm oil quotations.

FAO's Food Price Index, a trade-weighted index tracking international market prices for five major food commodity groups, is still 10.4 percent higher than in November 2015.

The FAO Sugar Price Index fell 8.9 percent from October, reflecting reports of a higher-than-expected harvest in Brazil, the world's largest sugar producer, and a weakening of the Brazilian real with respect to the U.S. dollar.

The FAO Vegetable Oil Price Index rose 4.5 percent in the month, led by lower-than-anticipated production of palm oil in Southeast Asia as well as below-potential soybean crushing of  in South America.