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Syria

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Posted: 05-06-2007
SYRIA. Syria will link the Pound to the International Monetary Fund''s special drawing rights (SDR) in July, abandoning its peg to the US Dollar, the central bank governor said. "We will do it now in July," Governor of the Central of Syria Adeeb Mayaleh told reporters in Abu Dhabi. Mayaleh said in October that the change would take place in the first half of 2007, but "we needed some time so we slightly delayed it". Effective from 1 January 2006, the IMF set weightings for the SDR, its unit of account, at 44% of the US Dollar, 34% Ruro, and 11% each of Yen and the British Pound Sterling
Posted: November 16, 2009
UAE. Volkswagen Middle East invited its partners in Dubai, Abu Dhabi, Kuwait, KSA, Bahrain, Syria and Oman to participate in the regional round of its 2009 Volkswagen Service Qualification Championship.
Posted: November 4, 2009
UAE. MAF Shopping Malls plans to enter Syria by building two new centers in Damascus, as well as one in Beirut, Lebanon. The company will also announce a new project in Saudi Arabia.
Posted: November 2, 2009
UAE. The initial public offering market in the Middle East has declined according to the figures in the Ernst & Young Middle East IPO Update for the third quarter of 2009.
Posted: October 29, 2009
SYRIA. Memac Ogilvy droubi to offer full scope of marketing and advertising services in Damascus with plan to enter other regions in the near future.
Posted: October 9, 2009
SYRIA. Saudi Arabia and Syria agreed to promote trade and investment between the two regional powerhouses, as Saudi King Abdullah wrapped up a visit to Syria.
Posted: October 7, 2009
SYRIA. Saudi Arabia's King Abdullah arrived in Syria on Wednesday in a further sign of warming ties between the two Arab states.
Posted: September 4, 2009
INTERNATIONAL. The European Union is close to agreeing an offer to Syria of closer ties, the 27-country bloc's commissioner for external relations, Benita Ferrero-Waldner, said on Friday.
Posted: September 2, 2009
SYRIA. Amadeus Syria today reported that it has attained a positive growth rate and has successfully expanded its business among the travel agents in Syria in the past seven months.
Posted: July 30, 2009
UAE. Dubai-based Investment Group Overseas said the merger of its partner Emaar Properties with fellow UAE firms will not derail a Syrian development worth about US$1.1 billion.
Posted: July 23, 2009
INTERNATIONAL. Turkish Prime Minister Recep Tayyip Erdogan and Syrian President Bashar al-Assad yesterday urged Israel to show 'real political will' and withdraw from occupied Arab land.
Posted: July 3, 2009
INTERNATIONAL. Syrian President Bashar al-Assad said he would be willing to meet US President Barack Obama in Syria to discuss Middle East peace efforts, in an interview with Britain's Sky News.
Posted: June 27, 2009
SYRIA. Government says it is 'serious' about developing Islamic finance and plans to invest US$30 billion.
Posted: June 24, 2009
SYRIA. Despite relative calm in the area, the continued presence of UNDOF considered to be 'essential'.
Posted: June 23, 2009
SYRIA. Syrian President Bashar al-Assad outlined 'conditions' for co-operating with the UN special court probing the murder of Lebanon's ex-premier Rafik al-Hariri, in a French television interview yesterday.
Posted: June 13, 2009
SYRIA. George Mitchell's visit follows President Obama's major Middle East speech.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.