Mayaleh: A second Session for Selling foreign Currency today

 DAMASCUS,(ST)_ The Governor of the Central Bank of Syria Dr. Adib  Mayaleh announced yesterday that there will be a second sale session sale of foreign currencies for  to exchange institutions on Sunday at 12 noon.

On May 23rd, The Central Bank of Syria sold a slice of foreign exchange  at a value of 6.3 million Euros for exchange companies and  offices.

On June 18, the  Central Bank of Syria also sold  8 million U.S. dollars to banks in order to finance import operations  according to  market need and a slice worth 50 million Euros to companies and exchange offices to fund non-commercial operations  and to meet the demand of individuals of  foreign exchange rate at a thousand Euros per citizen per month.


T. Fateh

Tourism Ministry Prepares a Study to Establish Hotel Management Company

DAMASCUS, (ST) - The Ministry of Tourism is preparing the necessary studies to establish a Syrian hotel management company according to international standards to take advantage of local and national expertise in the tourism sector and recruitment of human resources and scientific available potential in the country to achieve the highest rates of financial and social interest.

A source at the ministry said that the creation and establishment of such a company is positive and addresses some of the difficulties of the current crisis, where companies have global governance are subject to decisions of the policies of countries which belong to it and thus in such crisis in Syria, most of the global companies have stopped to deal with Syrian installations due to the unfair sanctions against Syria.

The ministry is currently managing most of its hotels by national efficient expertise and work to ensure supplies of industrial tourism and the needs of tourist installations such as services that elevate and promote such installations to the global level, whereas the hotels in cooperation and coordination with the ministry conduct to create alternative new investments to constitute additional revenue and interest on the facility.

 Sh. Kh.

PMDC, DPEC Sign MoU to Enhance Cooperation

DAMASCUS, (ST) - Director General of the Productivity Management Development Centre (PMDC) at the Ministry of Industry, Wesal Hallaq, underlined that the Center began the implementation of the Memorandum of Understanding signed with the Development and Promotion of Exports Commission (DPEC) in order to open new areas for cooperation in scientific, technical and training fields.

“There are information and studies performed by each party that they can exchange to take advantage in light of their needs as well as scientific materials and publications issued by the centre, stressing the  keenness of the center to exchange training expertise in the fields of administrative, computer and implementation of training courses specialized in export promotion and marketing,” Mrs.Hallaq clarified.

She pointed out that it was agreed to invite representatives of the Center and the Commission to participate in these courses, expressing hope that cooperation between the Centre and other agencies will contribute to developing the mechanism of work.

The memo includes the exchange of experiences, information, scientific studies, research reports issued by the Center and the Commission in addition to scientific publications, including magazines, media and scientific magazines in the light of the needs of each party.

It also provided to approve the operational plan for projects and activities as well as consultation on ways to deal with emerging issues of common interest.

The Management Development Centre and Productivity in Damascus was created under the Legislative Decree No. 79 of 1967 in order to develop cadres of administrative and technical manpower and training on ways and means of modern scientific organization of work to improve the productivity of enterprises and institutions of the Ministry of Industry and ensuring administrators and technicians for new projects, providing technical studies required by the institutions, companies and processing problems and proposing effective solutions.

Sh. Al -Khatib

Syria-Iran for boosting Oil Cooperation

TEHRAN, (ST) -Iranian Oil Minister Rostam Qasemi, and  Syria's ambassador to Tehran Adnan Mahmoud  discussed during their meeting yesterday the implementation of bilateral oil agreements and  to  ensure the needs to withstand the  blatant economic war against the Syrians.

Minister Qasemi  stressed determination of the Ministry to fulfill the signed  agreements in accordance with the set schedule  and reiterated his country's position in supporting  Syria 's people and government against hostile schemes aiming  at weakening the resistance axis in the region.

He also  stressed that the enemies of Syria will fail in their bets on the economic blockade as they failed in their bets on the military and political fields.

For his part, Ambassador Mahmoud expressed appreciation to Iran positions in support of the Syrian people for the restoration of security and stability and in confronting the  blatant economic war hatched against it.


T. Fateh

Agriculture Ministry: Establishing Modern Olive Orchards

(ST) - The Ministry of Agriculture and Agrarian Reform confirmed the importance of preparing a guidance program for the development of olive cultivation for the current agricultural season.

 The program includes  the establishment of modern orchards based on scientific principles,  spreading of new technologies such as water harvesting ,application of integrated management style in combating insects , harvest automation, optimum utilization of waste olives in order to reduce costs and increase production, and providing  necessary agricultural services especially organic and chemical fertilization based on the results of soil analysis.

The ministry asked to cooperate with the Unions of Peasants in the governorates to implement practical measures after harvest at all phases of the production of olive oil from harvesting to the transport of fruits and delivery to the oil press, then the process of extracting oil according to specifications of the International Council of Olive Oil and access to the process of storage under scientific and healthy conditions.

For its part, the Public Authority for Agricultural Scientific Research confirmed that exports of olive oil ranging between 18,000 and 45,000 tons per year, equivalent to 15 to 25% of the production and this percentage constitutes 40% of the available for export. The volume of exports of olive oil during the year 2011 reached about 16,000 tons of olive oil and 4,000 tons of olive, compared to 18,000 tons of oil in 2010 and 13,000 tons of olive.

The cultivated area with olives reached more than 647,000 hectares according to the latest statistics and over 97 million trees, while the production of olives for this season, up to 900,000 tons, 170,000 tons of table olives, and 20% of the production of the country of the olive is used for the table and the rest for the oil. The development of olive cultivation in Syria has enjoyed great interest in all governorates for the last ten years, which enabled the olive tree to occupy the first rank among the fruit trees to represent more than 55% of the total cultivated area.

Syria is ranked the fourth worldwide and the first among Arab countries in the production of olive. This agriculture contributes  between 5 and 9% of the value of agricultural income. More than 95% of the cultivated area of olive tree depends on rainwater. Aleppo and Idleb are the more productive area in olives in Syria, while the number of families working in this sector is about 400,000 families.

Sh. Al -Khatib