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Syria

Syria

(Suriya)

Profile:
The Syrian economy grew by an estimated 3.3% in real terms in 2007 led by the petroleum and agricultural sectors, which together account for about one-half of GDP. Syria has implemented modest economic reforms in the past few years, including cutting lending interest rates, opening private banks, consolidating all of the multiple exchange rates, raising prices on some subsidized items, most notably gasoline and cement, and establishing the Damascus Stock Exchange - which is set to begin operations in 2009. President Asad signed legislative decrees to encourage corporate ownership reform

General Information:

Capital (Government)

Damascus

Capital (Commercial)

Damascus

Population

19.7 million

Language (local)

Arabic

Language (official)

Arabic

Climate

Dry sunny in summer, wintry and colder in later months
Jan (average) 12°C
July (average) 36°C


Currency (local)

Syrian Pound (SYR)

Exchange Rate (local to $1)

50.8

Exchange Rate (local to £1)

93.5

Exchange Rate (local to 1EURO)

74.75

Cost of Petrol/Gas ($/gallon)

0.72

Typical cost of an evening meal ($)

$2.00


National Holidays

17th April (Independence Day)
Religious holidays are variables as they are based on the Islamic Calendar


Major Established Companies:
Fouad Takla
Commercial Bank of Syria
Syrian Arab Airlines

Typical fields Jobs Middle East is recruiting in:
Information Technology
Oil, Gas and Petroleum Industries

Images

Damascus
Damascus


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