Aleppo Chamber al-Shihabi
تخبط وأخطاء في السياسة النقدية...فارس الشهابي: الفعاليات الاقتصادية غير راضية عن أداء الحكومة في الأزمة
http://www.alwatan.sy/dindex.php?idn=112893
http://backupurl.com/c5517q
Said Faris al-Shihabi, head of Aleppo Chamber of Industry, in a statement to «alwatan.sy», that economic actors Bashraúhaa different is not satisfied with the «overall performance» of the government during the life of the crisis plaguing the country for economic development and meet the basic needs of citizens, expressed the readiness of the Chamber and activities for cooperation with any «sincere effort» in the interest of the homeland and the citizen.
He pointed out that despite the «national role» Great for those events did not feel the government of their importance and the need to meet their requirements and the importance of «promoting» steadfastness in the time given in which all of the priorities for the hit of the «conspirators» Syria «proving economic activities of the industrial, commercial, agricultural and tourist great keenness on the security of the homeland and living in different segments of small and large in spite of the enormous pressures and targeted economic sanctions and the plot because it is the main custodian of the middle class ».
And on the sanctions imposed by the League of Arab States against Syria, stressed Al-Shihabi it is not new to the history of the country covered by the package of Western sanctions since 1956 «But more importantly is what we are doing to address these penalties and how to cope with it and build the economy according to the concept of the economy safe means to be All the elements of the national economy is protected from shocks and foreign policy in support principled positions and meet the aspirations of the masses to live in dignity ».
He added: Penalties Arab specifically targeting the Syrian people Belkma living and curse him for refusing subservience, because the people of Karim Aziz, but their impact is limited and will be able to deal with and get around, provided that we work with a new vision to accommodate the size of the problem and provide appropriate solutions boldly and quickly ». He reiterated the demands of economic activities from the government «that show the historical responsibility placed on it and speed up economic reforms are overdue and that we warranted to delay and to be a government crisis in every sense of the word meanings, and are surprised that most of the requests industrialists necessary that we made several months ago did not been met to date, laws of investment that we have studied in all neighboring countries to move forward a draft investment law protects the national industry and stimulate investment, since the 6 months to now there has been no new investment code in Syria despite the difficult circumstances and the urgent need for these laws in various areas of tension investments are in the world because of the flexibility of governments and laws ».
The President of Aleppo Chamber of Industry that there is a hardening of great vision and the Ministry of Finance «to provide facilities and incentives for various industrial investments and tourism, as well as we do not find stable exchange rate of the lira as a result of errors, many of the monetary policy», pointing to a crisis of diesel despite the availability of material and the suffering of the citizens and industrialists to limit whether to get them «The most important of all is the lack of development vision and clearly defined based on maintaining jobs and creating more of them are industrial development backbone and re-prioritize and correct past mistakes in building a socialist economy flexible and secure its laws and agreements of trade and the rights and security of citizens living».
He said: «We demand the government to listen to us because we are able to adapt to the current crisis and promote again strongly as actors of economic and national, and we are suffering now from the losses, but we are willing to bear and patience for the sake of the country and this is our duty, and call on the government is also to be spent on infrastructure projects and to present draft new joint in order to accommodate employment and reduce unemployment, and call on them to speed up the reform of public sector reform and keep it radically according to a new creative vision beyond the laws and legislative frameworks that hamper ».
Increased Faris Al-Shihabi: «We must all realize that the concept of working-class located in Aleppo, the capital of the economy and industry, in Damascus, an evolving concept of perception in the other regions, class is toiling in the major cities and home to industrial investments in particular beyond the layer of workers and peasants to include engineers, doctors, businessmen and all who work hard and faithfully and relies on his skills practical and scientific and technical for a living away from simply belonging to a party or stream and getting a job because of this affiliation », alluding to the need to address middle class,« which is the container and holder of the values and culture of the community and heritage, civilization and the government should promote the benefits of these class and protection in various ways, did not notice that the current government is interested in rebuilding the middle class and embrace ».
Focused Shihabi that the government could become a crisis cell «to work Picharkih with the owners of the suffering on the ground and listen to the needs of the citizens' fundamental and to take decisions quickly and implement accurately within the development vision healthy and clear, and it must move away from the current constraints in the work of the structures, mechanisms and laws to make the of government work for the prisoners to institutional backward ».
غرفة صناعة حلب تعاني تبديد مطالبها منذ 6 أشهر .. والشهابي يطالب الحكومة بالاستقالة
Aleppo Chamber of Industry suffers dissipation demands since 6 months .. Shihabi urges the government to resign
http://www.aksalser.com/index.php?page=view_news&id=9889ddcdcd27523d234671c04ebca000&ar=817793316
Wednesday - November 30 - 2011 - 10:21:14
Asked the President of Aleppo Chamber of Industry Fares Al-Shihabi as events of national economic and citizens resignation of the current government for its inability to fully understand the crisis on the ground and develop ways to address them and their weakness in understanding the needs of industrial and merchant to overcome the difficulties, and inability to clearly improve the living conditions of the brotherhood of citizens and meet their needs,
Published a chamber according to the website "economic" on its front page on "Facebook" permit exception "Some of the ministers of good, who do not fit in with the rest of Mopar, this government, and after her experience and deal with it, including for overcoming obstacles and solve problems and to reactivate the economy in this difficult crisis, have proved to be the right of the Government of the worst in the history of the country. "
The "Al-Shihabi," he said, according to the newspaper "Al-Watan," The economic activities Bashraúhaa different is not satisfied with the overall performance of the government during the life of the crisis in the country with regard to economic development and meet the basic needs of citizens, expressed the readiness of the rooms and events to cooperate with any sincere effort in the interest of to the homeland and the citizen.
He stressed, "Al Shihabi," that the government could become a crisis cell to operate Picharkih with the owners of the suffering on the ground and listen to the needs of the citizens' fundamental and to take decisions quickly and implement accurately within the development vision healthy and clear, and it must move away from the current constraints in the work of the structures, mechanisms and laws make government work for the prisoners to institutional backward.
He was surprised that "most of the requests industrialists necessary that we made several months ago have not been met to date, laws of investment that we have studied in all neighboring countries to move forward a draft investment law protects the national industry and stimulate investment, since the 6 months to now there has been no new investment code in Syria, despite the difficult circumstances and the urgent need for these laws in various areas of tension in the world because of the flexibility investments are governments and their laws. "
He stressed, "Shihabi" that economic sanctions are not new to the country's history covered by the package of Western sanctions since 1956, "but more important is what we do to address these penalties and how to cope with it and build the economy according to the concept of economy, the safe, which means that all elements of the national economy are protected shocks of foreign policy and in support principled positions and meet the aspirations of the masses to live in dignity.
ندوة تمويل الصادرات تبحث في واقع التجارة الخارجية السورية ووسائل دعم الصادرات
Export finance seminar looking at the reality of the Syrian foreign trade and means of export subsidies
http://www.sana.sy/ara/4/2011/11/30/385236.htm
November 30, 2011
Damascus, (SANA) -
Participants discussed the financing of exports in a seminar held by today's Damascus Chamber of Commerce in cooperation with the development and promotion of exports and the reality of the Syrian foreign trade, means and ways to finance exports and the areas and conditions of support and assistance provided by the Government of the Syrian exporters.
The head of the Damascus Chamber of Commerce Ghassan al-Qallaa that the timing of this seminar came under the new circumstances the economic sanctions announced by the League of Arab States against Syria, saying that these sanctions psychological effect more than the impact of physical and merchant Syrian able to deal with it and find suitable alternatives, whether in export in terms of finding alternative markets for the products of his country or the provision of goods imported from countries and import them available.
The director of the development and export promotion Husam Yousef that Syria have liberalized gradually its foreign trade and signed several trade agreements and received as a member of an observer in the WTO in 2010 and planned in the near future, the signing of free trade agreements with Russia - Belarus - Azerbaijan - Malaysia and the countries of Mercosur.
And mentioned that most of the Syrian exports to Arab countries are the materials of non-oil account for 40 percent of the total Syrian exports $ 228 billion lire, while imports Syria from the Arab countries the equivalent of 15 percent of the total Syrian imports means that the balance of trade with Arab countries, winning by 106 billion pounds and accounts for Iraq, with 26 percent of the total Syrian exports an increase of 149 billion pounds which is equivalent to 65 percent of Syrian exports to Arab countries and 48 percent of Syrian exports without oil where occupies exports of eggs and meat, the first rank, vegetables and fruit ranked second, sugar, ranked third and clothing ranked fourth and in fifth place equipment and machinery.
The Al Yousuf importance of developing trade relations with Lebanon and Iraq and a shift from free trade to a common market like the Gulf market or the European market and the ratification of a free trade agreement with Iran and entered into force and a policy of substitution of imports and manufacture of all imports in Syria in addition to strengthening the trend towards friendly countries such as Russia, Ukraine and Latin America and China.
He believed also mentioned that the great development in foreign trade volume between the countries would not have been possible without the mechanisms developed in the funding that is the basis for the development of trade, stressing that guarantee the rights of exporters and importers together to pay to find several mechanisms play in which commercial banks play a pivotal role will enhance the potential funding for the parties to exchange and secure their to fulfill.
And funding mechanisms that take several forms depending on the nature of relations and trade agreements between the contracting parties affirming the trust factor between the contractors, where is the classic means of payment is appropriate technical In the case of lack of sufficient confidence it must resort to the techniques of modern payment.
In turn, the Director of the Export Support Fund Ehab Asmondr to the presence of many ways available funding conditions specific funding in the short term, medium or long term and that the cost increase the presence of some of these conditions and on the source to be fully aware of the limits of these terms to choose between the most effective ways that can protect it from financial risks at the sale.
He explained that the cost of the item up with a higher risk surrounded the deal, which represents the buyer's obligation to pay a risk on the source but it is not the only form of risk Political stability and economic growth in the target countries of the important factors that must be taken into consideration, pointing out the importance of bank guarantees by the status of the borrower, including personal guarantees .. Or a guarantee or collateral or guarantees of a real or a mortgage or tenure.
He noted that the operations of short-term financing of foreign trade are used in financing transactions for the exchange of goods and services with foreign countries and to facilitate these processes and the search for better ways to allow the expansion of foreign trade and reducing the obstacles that confronted and related economic conditions of its implementation as it allows the banking system by resorting to several types and different ways of financing enables organizations exporting and importing both access to sources of funding possible in the shortest time possible and without hindrance.
The Asmondr was set to the Statute of the Agency to ensure that the Syrian export credit has also been agreed with the Arab Investment Guarantee Corporation and Export Credit of the Arab League in Kuwait to be a strategic partner in the agency Syrian planned.
He prepared for this purpose, a feasibility study of the agency which indicates that the Agency will be lost in the first three years of posting, and then become profitable and the idea was to require that the government's participation in the project through the development and promotion of exports by 33 percent of the capital of the Agency and to contribute to the Foundation Arab 15 percent, pointing out that it was intended to be available the remainder of the capital contributed by the unions, insurance companies and banks, but the results of the Syrian correspondence with most of these entities were not encouraging, as the capital of the agency did not believe the project is currently stalled.
And on bank financing of exports and imports between Asmondr was a study about the bank specialized in financing export and import Syrian cooperation with some international experts have been found on the experiences of some countries in the area but did not complete the procedures required to launch this bank after with the expectation that the project will face some funding difficulties.
He believed that the development of international trade was the primary motivation behind the development of tools funded and in spite of the many steps achieved in the methods of trade financing and programs, including what has been achieved in some Arab and Islamic countries but that Syria, despite the great changes in the systems of foreign trade but it is still relatively new in finance is still an urgent need to develop modalities for financing the Syrian trade through the combined efforts of various agencies concerned with this topic.
أربعة مقترحات لتمويل الصادرات في ظل العقوبات
Four proposals for financing exports under sanctions
http://www.syriandays.com/?page=show_det&select_page=47&id=29093
Syriandays - Ibrahim Guibor
Wednesday 11/30/2011
17:58:33
Revealed Hossam Al Yousuf, Director General of Development and Export Promotion for a set of proposals had been submitted to the Presidency of the Council of Ministers with respect to face economic sanctions imposed by the League of Arab States recently on Syria, said Yousuf: that there are four proposals submitted to the Presidency of the Council of Ministers concerning the financing of exports under the the application of sanctions to banks and commercial transactions which need to transform the trade relations between Syria and Iraq into an economic union or common market, as well as the introduction of the trade agreement with Iraq into force, in addition to a policy of substitution of imports and self-sufficiency which is the focus of the Syrian government, while focused on the proposed final to strengthen the trend towards friendly countries such as Russia, China, this proposal needs to be a great time pointing out that in 2012 will be the development of export subsidies.
Alyousuf said at a seminar on export financing set up by the Damascus Chamber of Commerce today that the trade relations Syrian Arab for 2010 indicate that most of the Syrian exports to Arab countries is a material non-oil account for 40% of the total Syrian exports, amounting to 228 billion pounds, accounting for a rate of 73% of Syrian exports to non-oil import from the Arab countries the equivalent of 15% of the total Syrian imports and increased by 122% means that the balance of trade with Arab countries, winning by 106 billion Syrian pounds.
المصرف العقاري : نحاول استعادة مبلغ المليون دولار المتبقي من رصيدنا في البنوك الأوربية
Real Estate Bank: trying to recover the amount of one million dollars remaining from European banks in our credit
http://www.aksalser.com/index.php?page=view_news&id=bfb077adf78048651b2c9db34a07c3a6&ar=370993074
Wednesday - November 30 - 2011 - 10:02:42
Sources of Real Estate Bank told that with the beginning of the worsening relationship with some third-party initiated the bank to convert its assets in full to Syria to succeed in the restoration of approximately 95% of the amount of $ 15 million was distributed on the balances of several European countries (Austria - Italy - Germany - Belgium - United Kingdom) in addition to the bank deposited in some Gulf countries (UAE) in anticipation of a circumstance similar to the sanctions imposed, noting that the remaining amount with the correspondent banks adopted by the estate of its assets in foreign currencies does not exceed one million dollars.
According to the newspaper "Al-Watan," sources pointed out that the Real Estate Bank is working to free the rest of the little money he has with the countries of the European Union through the request for approval of the States correspondent banks in this regard, with the emphasis that the long-balances of CBS and the rest of the balances of real estate but it is not freezing, confiscation or seizure, and keep ownership of the bank's balance until further notice.
The sources explained that the bank had kept the accounts open for amounts not exceeding $ 100 thousand at best, with an emphasis that balances itself does not exceed the original francs - in the eyes of the banking sector.
Investors want slice of BSF stake in BEMO
http://www.dailystar.com.lb/Business/Lebanon/2011/Nov-30/155571-investors-want-slice-of-bsf-stake-in-bemo.ashx
November 30, 2011 01:45 AM
By Osama Habib
BEIRUT: The central banks in Lebanon and Syria need to give their seal of approval for any plan to sell Banque Saudi Fransi stake in BEMO's banking operations in both countries, the general manager of BEMO Samih Saadeh said Tuesday.
"It is true that Banque Saudi Fransi bank has expressed interest in selling its 10 percent share in BEMO's Lebanon and 27 percent in BEMO's Syria. But the final decision to sell this stake is in the hands of the regulatory authorities in Syria," Saadeh told The Daily Star.
Banque Saudi Fransi decided to sell all its shares in BEMO following a decision by the Arab League to slap economic and financial sanctions on Syrian regime for its crackdown on the Syrian opposition figures.
Banque BEMO Saudi Fransi launched its operations on Jan. 4, 2004, to become the first operational private bank in Syria in almost 40 years.
Banque Saudi Fransi chairman, Saleh al-Omair, said the risks in Syria do not permit the bank to continue as a partner, the statement said. "Effective immediately, Banque Saudi Fransi is no longer represented in the board of directors of Bemo Saudi Fransi Syria and Bemo Lebanon," the statement said.
"The directors representing Banque Saudi Fransi in the two banks submitted their immediate resignations from the board of directors of Bemo Saudi Fransi Syria and Bemo Lebanon," it added.
Saadeh acknowledged that several banks and investors have expressed interest in acquiring the sake of Banque Saudi Fransi in BEMO in both Lebanon and Syria.
"We received offers. But it is too early to make any commitment to anyone as long as the regulatory authorities in Lebanon and Syria do not approve selling these shares yet," he added.
He added that this is a very strategic decision for central banks in Lebanon and Syria. Saadeh suggested that the issue is very tactful for both the Syrians and Lebanese.
He stressed that the bank won't find any difficulty in finding a suitable strategic partner because BEMO is top brand in the region.
An Arab language newspaper said that 13 potential buyers have approached BEMO to buy Banque Saudi Fransi stake in Lebanon and Syria.
The paper claimed that among the potential buyers were two foreign banks, a Lebanese bank and the remaining were individual investors.
BEMO has 36 branches all over the Syrian territories and is considered one of the leadings banks in this country in terms of assets, deposits and number of branches.
Saadeh explained that selling or buying more than a 5-percent stake in any bank required the prior approval of the Central Bank.
BEMO bank's net profits in the first six months of 2011 stood at $4.9 million, almost identical to the results in the same period of last year. "Our profit up to June of this year hardly fell by 0.5 percent compared to the same period of last year," a senior official at the bank told The Daily Star earlier.
BEMO's total assets in the first six months of 2011 rose by 12.4 percent to reach $1.36 billion, while customer deposits in the same period increased by 8.10 percent to $996 million.
Saadeh denied that BEMO has any intention to abandon its operations in Syria due to the situation in the country.
"This is still an important market and we have no intention to leave it," the general manager said.
He admitted that BEMO, just as in the case of all foreign banks in Syria, has seen its deposits and assets fell this year in this country.
"There were some deposits that fled Syria at the beginning of the crisis. But some depositors have withdrawn their money from banks and kept it in the country until the picture becomes more clear," Saadeh said.
تراجعت في الكهرباء وتفاقمت بالهاتف في إدلب...سرقات الكوابل الهاتفية تتجاوز الـ100 كيلومتر، و65 قرية باتت خارج الخدمة
Declined in power and exacerbated the phone in Idlib ... telephone cable thefts in excess of 100 kilometers, and 65 villages are out of service
http://www.alwatan.sy/dindex.php?idn=112887
http://backupurl.com/6ho1k9
11/30/2011
The theft of copper cables, electrical and telephone does not stop in the areas of Idlib at a certain point several years ago ... But still these cables a target for robbery, the thieves who are now utilising the security vacuum and the current conditions in some areas to do the robbery on the telephone and power lines and sub- and even from some warehouses, especially in light of rising global and local levels observed at copper that make up these cables ... these attacks has already led to cut power to some villages and even water pumping stations in some areas and thus cut off drinking water for ...
But with action to protect artistic and adjust the number of networks of thieves electricity receded theft to some of the border and at a time is active when thieves cable telephony in various areas, thus increasing incidents of theft of cable significantly, official sources informed «alwatan.sy» that he had been detected the theft of about 100 km of cable telephone aerial copper and are more than 65 villages without telephone service platform, and thus deprive the 3500 joint telephone call of the floor, where it was to address some of the pieces as a result of thefts repeated workshops relevant functional, but theft is repeated often, although after the operations reform ...
With regard to the theft of electrical cables have been focused recently in the areas Saraaqib and Binnish and Ma'arrat Numan, but lengths of limited worth hundreds of meters compared to cable telephony, and indicated sources Electricity Company Idlib that these thefts, which amounted to a tidal wave in the last year has dropped recently after the arrest of several of thieves and imprisoned, and caused them heavy fines, while defending the people's committees in some areas for these networks and help protect them from abuse and pieces ...
While aggravated robberies telephone cables in an unprecedented way, and we appreciate that this disparity may be due to the widespread and telephone cables are easy to steal compared to electrical cables and not to the protection measures only!!
Damascus stock price index for this week
28/Nov/2011 858.36 trading volume 3 thousand
29/Nov/2011 852.66 trading volume 31 thousand
30/Nov/2011 846.95 trading volume 180 thousand
(In a temporal measure, the market is open for 3 days a week only.)
16/Dec/2010 1752.50 (historial high)
23/Nov/2011 862.88 (historical low)
Weekly closing rates
19/May/2011 1323.11
26/May/2011 1256.80
02/Jun/2011 1234.13
09/Jun/2011 1136.82
16/Jun/2011 1133.09
23/Jun/2011 1057.36
30/Jun/2011 1031.04
07/Jul/2011 1067.50
14/Jul/2011 1032.62
21/Jul/2011 1010.06
28/Jul/2011 1013.81
04/Aug/2011 993.89
11/Aug/2011 950.89
17/Aug/2011 951.66
24/Aug/2011 950.73
29/Aug/2011 951.05
07/Sep/2011 933.34
14/Sep/2011 909.16
21/Sep/2011 927.12
28/Sep/2011 957.97
05/Oct/2011 931.37
12/Oct/2011 910.37
19/Oct/2011 897.91
24/Oct/2011 896.68
02/Nov/2011 903.82
16/Nov/2011 880.96
23/Nov/2011 862.88
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