Remittances by Egyptian, Syrian expats drop
http://arabnews.com/saudiarabia/article539582.ece
By IBRAHIM NAFFEE | ARAB NEWS
Published: Nov 28, 2011 00:50 Updated: Nov 28, 2011 00:50
JEDDAH: The political turmoil in Egypt and Syria has caused a reduction in the number of remittances from their citizens in the Kingdom as they fear for the economic future in their countries.
According to economic experts, Egyptian residents remit around SR3 billion from Saudi Arabia annually. However, since the revolution in their country the remittances have dropped by about a third.
"Around 5 percent of Egyptian residents in the Kingdom have stopped sending their money home due to the political ambiguity currently prevailing in the country," economic expert Taha Kosbah told Arab News.
"They would prefer to wait until stability returns to Egypt."
Egyptian residents in the Kingdom transfer around SR2 billion annually to support their families back home.
Kosbah said Egypt's economy suffered when around 70 percent of Egyptian workers from Libya returned to the country.
"They had transferred annually about $100 million to Egypt," Kosbah added.
Syrian residents in the Kingdom usually transfer annually around SR1 billion home, said Farooq Al-Khateeb, a senior economy professor at King Abdulaziz University. However, the political turmoil in Syria has reduced these remittances by 20 percent.
He predicted that there will be many Syrian residents in the Kingdom investing their money in Saudi Arabia instead of back home.
"Syrian residents will be involved in local business projects in partnership with Saudi businessmen. The Syrians have currently local investments estimated at SR900 million," he added.
There are 900,000 and 100,000 Egyptians and Syrians in Saudi Arabia respectively.
The majority of them work in major companies in the Kingdom as engineers, project managers, accountants and doctors.
"I normally invest SR100,000 in business ventures in Egypt each year. Now I'm going to wait until things become clear and stability returns to the country," said Mahmoud Al-Jammal, an Egyptian architect working in Jeddah.
"Many Egyptian residents in the Kingdom invest their local savings in small and medium projects back home, such as restaurants and small construction companies. The current situation in my country is not encouraging, but I expect stability to return in a short while."
"I am planning to open a restaurant in Syria. However, the political turmoil worries me. I cannot continue to transfer my money to Syria," said Ahmed Khattab, a Syrian worker.
"I have SR200,000 in local savings. I will invest it in the tourism sector in Syria, once the turmoil there ends."
إنجاز للصادرات السورية في وجه العقوبات العربية العراق يعفي صادراتنا من شهادة الجودة
Achievement of the Syrian exports in the face of Arab Iraq sanctions exempt the exports of the certificate of quality
Syriandays - Noor Melhem
Monday, 11/28/2011
10:42:26
After the Iraqi Government has adopted two quality control, one French and the second Swiss number of trucks that stand on the Iraqi-Syrian border from the Syrian-three thousand trucks, deficit, mostly from entering Iraq because of not having a certificate of quality from the two companies the approved by the Iraqi government, which forced trucks to stay parked at the border, and some of these trucks have returned to Syria after the cargo had to throw in the garbage as a result of corruption, Vhmoltha was one of the perishable food.
After a follow-up could the Minister of Economy and Trade Dr.. Muhammad's struggle to achieve an achievement emblem of Syrian exports with the brotherly Iraqi diameter, through obtaining a special resolution of the Iraqi Council of Ministers No. 18957/1527/21 Date 16/11/2011, that the Iraqi government exempts imports coming from the Syrian Arab Republic certificates of quality for six months, and this makes it easier for the entry of Syrian exports to Iraq.
The Mazen Hammour member economic delegation that visited Iraq along with the Minister of Economy that this great and important step for the Syrian economy Vaafa Syrian exports to the country came the brotherly Iraqi decision of the Presidency of the Council of Ministers of the Iraqi quality certificates.
Indicating that the economic delegation was able to get the decision after a very strong effort and we can say that he reached the extent of incision of souls, and making a big effort from the Minister of Economy and Minister of the Iraqi economy.
الرئيس التنفيذي للمصرف الدولي للتجارة والتمويل يستبعد "كلياً" إفلاس أي من البنوك الخاصة.. ويؤكد مواجهتها الأزمة بفائض السيولة
Chief Executive of the International Bank for Trade and Finance to exclude "completely" the bankruptcy of any of the private banks .. And stresses faced surplus liquidity crisis
http://www.syriandays.com/?page=show_det&select_page=67&id=29045
Syriandays - your Fadi Al-Sharif
Monday, 11/28/2011
13:12:20
In the form like a reply to all the accusations that were directed to the private banks in the previous period surplus liquidity holdings, and not their contribution to lending and any development process and dismiss it as an incubator funds Sultan Zoubi said, CEO of the International Bank for Trade and Finance in a statement to "Syriandays" This bank was able to meet the crisis surplus liquidity available to it, did not refrain from giving any of the deposits required for citizens, ruling out completely the possibility of bankruptcy, saying that the banks are at risk when their loan facilities and more than surpluses.
According to Zubi state of fear and the rush to foreign exchange contributed by the customers mainly in the aggravation of the crisis in the context of fear and citizens on their savings to replace the funds in other currencies, the demand for the withdrawal of deposits and retained.
Damascus Chamber of Commerce: AL Sanctions will Affect Every Syrian Citizen
http://www.sana.sy/eng/21/2011/11/28/384775.htm
Nov 28, 2011
DAMASCUS, (SANA)_Damascus Chamber of Commerce considered that the Arab League decision on imposing economic and monetary sanctions on Syria is an unprecedented move in the history of the joint Arab action and will affect all Syrian citizens.
In a statement on Monday, the Chamber said that these decisions will reflect on every Syrian citizen one way or another, adding that it is regrettable that Syria's embracing of the joint Arab action be met with such a decision.
The statement indicated that Syria contributed to the idea of the Arab economic unity and defended the freedom of movement of persons, capital and goods among Arab countries.
The Chamber indicated that the Syrian economic sector has always left the door wide open to the Arabs, adding that Syria will remain the safe refuge for the Arab citizens.
مدير الاقتصاد بريف دمشق يتوقع ارتفاع أسعار المواد المستوردة بسبب العقوبات
Director of the economy in Damascus countryside is expected to increase prices of imported materials because of the sanctions
http://www.aksalser.com/index.php?page=view_news&id=32dd2f921951ec22be136e55f16dc677&ar=551960997
Monday - November 28 - 2011 - 9:47:13
The Director of Economy and Internal Trade Brief Damascus, "Youssef Sorour," confirmed that there is anticipation cautious about rising prices of some food commodities during the next few months because of the possibility of an economic embargo prospective on Syria and the high exchange rate of the dollar, what will arrange for the consumer to work on the rationalization of consumption, the to follow up on elements of internal control the circulation of bills and control the customs declaration to preserve the limited price as much as possible, according to the newspaper "alwatan.sy."
According to the prevailing price list issued by the Ministry of Economy, it was observed a slight increase on the prices of eggs and poultry following the recovery of the prices registered a decline in the previous week.
"Surour" said that the disparity in prices of some materials and commodities editor of ratios and profit margins are subject to supply and demand and competition, and more than 80% of the total materials and goods on the market, pointing out that the materials and goods transcripts are produced or imported from the private sector and subject ratios and profit margins.
لجنة المحروقات تطلب 70 صهريجاً في دمشق وريفها لتأمين المازوت للمواطنين
Committee requests the fuel tank 70 in Damascus and its countryside to ensure the citizens of the diesel
http://www.aksalser.com/index.php?page=view_news&id=8e0b60a4dc3194be1fc51680a4329efe&ar=308884947
Monday - November 28 - 2011 - 14:53:47
Committee requested the fuel to accelerate the announcement of tenders for the purchase of new tanks and the distribution of direct support and update the existing mechanisms, where the need for up to 70 tanks of different capacities.
And raised the Ministry of Local Administration and a set of proposals after several meetings of the Committee aims to provide the fuel necessary mechanisms to avoid the crisis and secure the distribution of fuel oil on the citizens after an increase in high demand for fuel oil during its meeting last weekend.
And the proposals include the application of Directors of fuel re-selling diesel regular stations of the public sector as well as green diesel, due to not controlling the distribution of the stations of the private sector and the emergence of monopoly and manipulation of these stations, and to compel all the mechanisms operating on diesel using green diesel in parallel with the work to issue decisions and strict penalties and deterrent in case of violation, and to highlight the benefits and advantages of using green diesel.
The Committee also suggested an increase of applications dedicated to the city of Damascus, during the first third of the month of October and by 50 applications, and the rate of five applications for every day on the plants and through the Commission on fuel because of the privacy of Damascus as the capital and the increasing demand in this province significantly.
The Committee noted that many of the actions taken to reduce the pressure on the stations, which determine the quantities sold for machinery and specific amounts and the allocation of microbuses with 60 liters within the province a day per 100 liters of the microbus from outside the province and 200 liters of the bus the great cars of the truck and inventory Alipidonat centers and reservoirs, the fixed established for this purpose and determine the amount of 20 liters per person, to take the branch fuel Damascus other actions when needed, including re-work trailers in front of the company's stations in the destroyed and Barzeh, foot and increase the number as needed and send the cars with large amounts to the popular areas for one day or more per week to fill the diesel of Pedonat, and in cooperation with village leaders to regulate the sale and distribution of drivers assigned to work holidays and allow the mechanisms of direct distribution to more than one shipment per day.
محروقات دمشق تطلب زيادة المازوت الأخضر بنسبة 20%
An increase fuel Damascus green diesel by 20%
http://www.aksalser.com/index.php?page=view_news&id=4d474b67fc81c2ca1ec8b54ab10a1f56&ar=592657235
Monday - November 28 - 2011 - 16:04:05
Committee requested the fuel Damascus during its meeting last Wednesday, the need to work to secure the green diesel plants as a result of the increasing demand for this article and the proposed increase in the volume by 20% on the amount of the current month of November, according to the newspaper "alwatan.sy."
The Committee suggested determine 59 applications are distributed to a number of stations for the distribution of requests for green diesel for a station Yusuf Basha Hijazi 9 requests station Kalash and Abbas 10 requests and station on the Alawi 10 requests and station-Mahdi 10 requests, and plant the torch 10 requests and station of the General Federation of Farmers' requests.
نقابة العمال: الانكماش الاقتصادي لن يتجاوز 2%
General Trade Union: the economic downturn will not exceed 2%
http://www.aksalser.com/index.php?page=view_news&id=aa6f9de9efe2be565d7604bdb1d2743e&ar=674099066
Monday - November 28 - 2011 - 10:00:48
Expect the General Federation of Trade Unions should not exceed 2% of the economic downturn until the end of the year, and the reason is due to the contribution of the economic blockade imposed by European countries and the United States, supported by some regional countries, according to the newspaper "alwatan.sy."
Preliminary estimates indicate that economic growth in Syria, according to reports issued by the General Federation of Trade Unions reached during the first half of this year between 3.1 to 5.1% at constant prices of 2005, according to the accounts of the Secretariat of Economic Affairs.
Although the rate of growth referred to does not reflect the potential of the Syrian economy also does not reflect the needs of its development, the multiple factors may be paid towards reducing the rate of what is required.
The most important of these factors, as stated in the report of the union continuing events affecting the country since last March, which have had a strong tourism sector and the manufacturing sector, particularly in the private sector, which saw the hairstyles and widespread among the workers according to the figures and the statements of the Social Insurance Institution and the effects of continued and the renewal of the global economic crisis and its impact.
And is associated with slower economic growth figures, the continuing poor distribution of income resulting from this growth, although some actions have been taken in this regard is the most important increase in salaries and wages by 35% and reduced diesel prices by 25% (from 20 to 15 pounds).
And left the climatic factors and Alhtalat rain in the winter of 2010-2011 the positive effects on growth in the current year and enhance food security, which suffered some vibration during the past years (even if it did not amount to a crisis), also contributed to the increase in the volume of liquidity in the hands of consumers, especially in the eastern region North and East, and led to the stability of agricultural employment in those areas.
And needs of the Syrian economy to the growth rate of not less than 7% at constant prices (equivalent to twice the figure achieved in the previous year 2010) in order to create jobs numbers suitable gradually reduced the mass of unemployed, estimated at 450 thousand, according to the Central Bureau of Statistics.
The report pointed out that the inability to achieve the targeted economic growth rate (7%) means in the end not the ability, directly or indirectly, to achieve a more quantitative targets in the other plan, such as investment rates.
قريبا جداً.. نساء سورية يحلقن في سمائها
Very soon .. Syrian Women will fly in the sky
http://www.sana.sy/ara/359/2011/11/28/384728.htm
November 28, 2011
Damascus, (SANA) -
Syrian women overstepped a lot of obstacles and barriers to women in other Arab countries and are found in all walks of life enjoy the rights of education and work up to higher positions.
Today, after enabling them to work as a pilot, although this sector is calculated only to men seeking to fly in the air, the profession of captain, one of the professions male also as it was to talk about women and young women in the prime of life are subjected to courses leading aircraft in preparation to apply for jobs with the airlines.
Ilham Gharibi said, I am subject to special classes led by plane in Damascus and I'm trying hard to learn this profession, I have the strength of the heart and composure that qualify me to own and thus function as I want to fly in the sky as a woman active in the areas of life.
I also see that women are characterized by more accurate than men may constitute a revolution in the leadership of the plane they always have a curiosity to know everything around them, mindful of the risks.
For its part, find Miss Yunus learned that the leadership of the plane is a big challenge to prove the ability of women to promote Bmojtmaha to the highest peaks.
She says I know that my career to learn this profession needs for years until mastered, but with that in each new day grow up my dream of flying in the sky of my country and from there to other countries and this is why I kept telling the study I have also to expand the horizons of my job I some times work in the repair of the most difficult parts engines and heavy machinery in preparation for learning how to repair the large aircraft and vehicles with complex I love adventure and this is what leads me to grasp what I'm coming in turn, can not find Ramya critical to enter such a venture, which has been for years the preserve of men.
In the view of Ramya previously worked as the host airline and now learn the leadership of the plane that women are trying to own the place Ttoh feet so they are not Kalmtfarag here and there, but an influential here, I liked the depth in the plane so as not to be just helping responsible for ensuring the health protection for travelers, but also contributed to the protect their lives through learning the most difficult professions confined to men only is the leadership of the aircraft.
Suha is that the dream of flying like a dream is not far away from Syrian women that have achieved thanks to the support of society and laws have a lot of achievements in all fields until they reached to nominate as one of the Vice-President of the Republic.
فن "التخريب" .. فقط في حلب : إزالة جدران حمّالة من بناء قديم وإشادة طوابق إضافية عليه !
The art of "subversion" .. Only in Aleppo: Remove the strap from the walls of the old building additional floors and a tribute to him!
http://www.aksalser.com/?page=view_articles&id=f768d9b1a39b0d9b0b6e4a9a7655f11d&ar=111872589
Monday - November 28 - 2011 - 15:56:31
At the disposal of threatening the lives of the families of Syria, the oldest of citizens to remove the retaining walls of (bra) of the old building, over the age of 50 years, to transform the ground floor to shops, while the tribute to the additional floors above the building, in the neighborhood of Aleppo, Salah al-Din.
He said residents of a building in a complaint made to Aks al-Ser, "we build Mashad since about 50 years, and consists of two floors and an additional extension only, in the beginning of 2010 have been completed the extension from 60 meters to 200 meters over the entire surface."
"In the last month of Ramadan has been transferred to the ground floor shops, with the removal of a large number of retaining walls (stretcher)."
"The Zbt overloading of the building, and the removal of the walls the appearance of cracks in the building, which is threatening our lives."
And went on "and did not stop at this point, but it increased the risk, where it is now a tribute to the entire fourth floor surface, and in spite of the complaints we made to all agencies and officials in Aleppo, but we did not let any authorized ears."
It is worth mentioning (for those interested) that the building is located on the record 1066, and the so-called "Mackie Building" in the street located between the rotor by Saladin secondary Kenitra at the scene, the southwest corner of the garden at the junction.
أكثر من 222 ألف طن كمية الأقطان المسوقة بالحسكة و14 ألف طن بإدلب منذ بداية الموسم وحتى الآن
More of 222 thousand tons, the amount of cotton marketed Hassake and 14 thousand tons Idlib since the beginning of the season so far
http://www.sana.sy/ara/4/2011/11/28/384676.htm
November 28, 2011
Hasaka, Idlib - SANA
A total of cotton to the gin marketed Hasaka and center in the receipt of cotton Almilbeh since the beginning of the harvest season to more of 222 and 593 thousand tons of cotton against the beloved 137 and 984 thousand tons during the same period last year.
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