2011/10/02

Oct 1 Economy

Strains of bees Syrian .. Better global food production and resistance to poverty Royal pastures (bees and honey in Syria)
http://www.sana.sy/ara/7/2011/10/01/372721.htm
01 October 0.2011


Director of Insurance: No indicators have stopped working with international companies
http://www.aksalser.com/index.php?page=view_news&id=b6cac417bc8daf39dc7af2b70974bff4&ar=53618508
Saturday - October 1 - 2011 - 8:44:46

Director General of Insurance Supervision, Eyad Zahra, said that the performance of the insurance sector in difficult year internally and externally was a standard work in the insurance sector, this is due to the ability to deal with foreign companies through re-insurance in this global context, and did not appear until now any change to the work-off companies to the Syrian insurance companies in spite of all the existing sanctions, the continued work exists to date, and there is no in both the short and medium debtors any indication to discontinue other than that of individual sanctions list.

And stressed, "Zahra" in an interview the newspaper al-Thawrah that does not exempt Syrian insurance companies pay its obligations to the faithful but must address the problems of responsibility, knowing that the Syria Accountability Act was long and included the Commercial Bank of Syria and the work of the sectors of oil and of the Syrian Insurance and some institutions other government, however, did not stop these sectors on its work and created alternative solutions, and insurance sector is able to find alternative markets in case of any problem with markets concentrated in Europe, this is at the external level.

And for the level of internal "Any economic activity in turn is reflected on the insurance and this is called the growth indicator, which relies on insurance premiums to increase awareness of insurance and the economic cycle, and during the third quarter results of companies' work continued to retreat and retreat in some sectors of insurance, particularly in the premium for insurance of goods and fire insurance, tourist facilities, note that the largest decline will appear in the results of mandatory auto insurance premiums as a result of lack of awareness of the faithful the legality of the contract. "

As stressed, "Zahra" that there must be a positive sign that the notes of the Syrian insurance sector, holding companies be clients, despite the decline in business, unlike other economic sectors, which laid off some of the workforce due to poor business.

And concluded, "but in return overshadowed by the current circumstances a heavy shadow on the strategy of companies wishing to expand geographically as insurance companies hesitated to spread, whether horizontally or vertically through the first half of the past."


Prices of construction materials and to the extent of "crazy" .. Contractors Aleppo stop construction after the decision to ban import and 6500 apartment waiting
http://www.aksalser.com/index.php?page=view_articles&id=f417ebba8bcdddce0846d4b19ca8e802&h=%CD%E3%D5&ar=395546142
Saturday - October 1 - 2011 - 15:44:15

Aleppo contractors stopped construction in the follow-up facilities and licensed premises because of what they called the "crazy prices for building materials," after the issuance of the decision to ban import of materials that increase the customs tariff of 5%.

And said contractor's complaint in the Aks al-Ser: "We are contractors working under the law, we are no longer able to follow the work of construction due to rising prices of construction materials is very large, after the issuance of the decision to ban imports."

The contractor made it clear that more than 6,500 apartments were under construction, stops working after the issuance of the decision.

"The prices of iron, copper, wood, aluminum and fuel oil by up to 100%."

He added, "as we suffer from the lack of diesel fuel and which, if available, the price per liter up to 40 pounds, and prices of stones and sand to more than double."

And "We are not compensated like the public sector companies, and that there is no point to respond to our complaints, noting that the number of workers exceeds the number we have in the public sector many times."

And complainants (the owners of construction companies) demanded the approval to hold a meeting with the Prime Minister, to explain their situation.

The contractors affected submitted complaints from each of: the Prime Minister, Minister of Local Administration, Minister of Finance, Minister of Housing and Construction, Minister of Economy, Minister of State for local projects, the Governor of Aleppo, the Governor of Idlib, Captain contractors, Chairman of the Chamber of Commerce of Aleppo, has been opened on the complaints so far.


Syria fails to buy fuel in barter tenders

http://arabnews.com/economy/article509329.ece
By REUTERS
Published: Sep 30, 2011 23:31 Updated: Sep 30, 2011 23:31

LONDON: Syria has failed so far to side-step sanctions on its oil exports by bartering crude oil for fuels as its tender attracted no participants, traders said.

The tender was issued last week, traders said, as Syria desperately needs fuels to keep the country on its feet.

Although the European Union has stopped short of banning the sale of fuel to Syria for humanitarian reasons, companies are refusing to participate in tenders because it has become near-impossible to deliver and receive payment for fuel through international banks.

"I cannot see the tender being awarded. It will be very, very tough. The same EU sanctions that are preventing crude sales will affect this tender. Shipping will be an issue as well," a trader who used to deal with Syrian oil said.

"Nobody can participate, I guess," said a second trader, who used to deal with Syrian products before social unrest in Syria.

Syria's oil exports have come to a standstill in September due to sanctions and this may force a cut in production, weakening President Bashar Assad's ability to generate cash amid a bloody crackdown on protesters.

Both Syrian light and heavier Souedie crude are on offer in exchange for the oil products required to run Syria's oil-fired power plants, keep its economy afloat and prevent widespread disruption to civilian life.

Syria needs to import gasoline, gasoil and diesel because the combined 240,000 barrel per day capacity of its two state-run refineries is unable to meet demand.

A tender has been issued for two cargoes of gasoil for delivery in October.

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