Junior Chamber International in Lattakia launches the "YEN Syria Entrepreneur Network" project

The Junior Chamber International (JCI) in  Lattakia has recently   launched the Young Entrepreneurs Network (YEN Syria) project in partnership with  “Syrian Marketers” and  “Syrian  Researchers”  teams ,  IDEA  company and “Orjwan” company . 

President of JCI for the year 2020  in Lattakia  Erfan Dwidari, said in a statement to Syriatimes e-newspaper  that "the project aims to support youth  entrepreneurs and overcome the obstacles facing them, due to the lack of supporters and rapid market changes “.   

She stressed  based on the fact that the JCI  is originally a global network for effective citizens , it launched the project that aims to establish a network that includes youth  entrepreneurs at the local level with the aim of strengthening  joint cooperation  and exchange experiences to serve their entrepreneurial projects.

Lattakia: New investment opportunities in extracted industries sector announced

Damascus (ST): The Syrian Investment  Establishment has announced the existence of new investment opportunities in the extracted industries sector in al-Basit area in Lattakia city to produce Feldspar material with a reserve estimated at 2.5 million tons. 

Director General of the Syrian Investment Establishment Madyan Diyab said in a statement that Feldspar material is used as a raw material in the manufacture of ceramic, pottery, porcelain and glass.

He added that the investment in extracting Feldspar would meet Syria's needs, estimated at 75000 tons annually, and save hard currency noting that this investment opportunity will have all incentives and exemptions included in investment encouragement decree.


The Production of Homs governorate from dates is 1475 tons

Homs, (ST) - The Homs Agricultural Directorate estimated the governorate's production of dates at 1475 tons during the current season, out of a total cultivated area of 1541 dunums.

The Director of Homs Agriculture, Engineer Nazih al-Rifai, stated to SANA correspondent that the total number of trees for the irrigated area reached 130008 trees, of which 9506 were fruitful, and there were no areas planted with seeds.

A statement by the Ministry of Finance on the Cabinet’s decision concerning the exchange of 100$ by Syrians coming from Lebanon

The Ministry of Finance issued a press release regarding the Cabinet’s decision No. 46, which stipulated that Syrian citizens have to exchange 100 USD or its equivalent in the foreign currencies accepted by the Central Bank of Syria to the Syrian pounds according to the exchange rates mentioned in the Customs and Aviation Bulletin upon entering the territory of the Syrian Arab Republic. The decision exempts drivers and those who have not reached the age of eighteen.

The statement pointed out that Article 10 of Legislative Decree No. 20 of 2017, which is governing the work of the Cabinet, stipulates that the Cabinet is authorized to supervise the regulation and management of monetary, credit and insurance systems and maintain state funds.

44 new industrial and craft facilities in Tartous since the beginning of 2020

The industrial sector in Tartous is striving to overcome the difficulties that impede its growth, especially the conditions of the industrial license which deprive the governorate of important industrial investments that absorb the surplus of agricultural production as a factor for oils, juices and consortium and employ a large number of workers.

Eng. Ammar Ali, Director of Tartous Industry, underlined  the importance of mobilizing efforts with the relevant ministries to address the economic blockade by amending laws that impede industrial development and create appropriate conditions for local investments. He referred to amending the condition of classification of soil and distance from the forest, as most of the governorate’s lands are agricultural and the rest is forests. Eng. Ali highlighted the importance of securing the necessary financing for the completion of projects of industrial and craft areas, putting them into investment at the maximum speed, and securing financial support for the owners of the licensed projects to implement them.