Syria News Wire

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Entries Tagged as 'Business'

Six companies bid for new Syrian mobile phone licence

November 21st, 2010 · No Comments · Business

At last, the third Syrian mobile phone network looks like becoming a reality. Six companies have bid for the licence: Etisalat from the UAE, Saudi Telecom from Saudi Arabia, Qatar Telecom from Qatar, Turkcell from Turkey, Tamco from Iran, and the only non-regional bidder, France Telecom. Interestingly, Kuwait’s Zain is not in the running. It […]

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Syria to get third mobile operator

August 31st, 2010 · 3 Comments · Business

The rumours are back, but this time with official backing: Syria will soon have a third mobile phone network, joining Syriatel and MTN. It was initially supposed to happen a few years ago, but no operator was appointed. Then in 2008, there were rumours that Kuwaiti mobile company Zain, or Turkcell wanted to take over […]

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Media, business and music in Syria

August 8th, 2010 · No Comments · Business, Culture, Media

Lina Sinjab meets Madina FM’s delightful breakfast presenter Honey Al-Sayed and looks at how Syria’s media environment is opening up. Then she talks to Forward magazine’s Abdulsalam Haykal to discuss economic liberalisation, visiting Amjad Maliki’s new venture, The Khan, just off Medhat Pasha and City Centre mall. And in the Guardian, Stephen Starr and John Wreford […]

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Zain tries to get into Syria…again

January 16th, 2010 · 5 Comments · Business

Zain, the Kuwait-based pan-Arab mobile phone network, is trying again to launch in Syria. After last year’s botched takeover of Syriatel, the company is now in talks with the Syrian government to bid for the third Syrian mobile license. There are currently two operators: Syrian-owned Syriatel, and South African network MTN. Zain offers free calls between […]

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Syria tries to attract major international banks

January 3rd, 2010 · 2 Comments · Business

Syria is attempting to bring global banking brands into the country. It has, for the first time, allowed international companies to own a majority share in banks operating in Syria. That means – for example – HSBC could open ‘HSBC Syria’ and own 60% of it. Before, it was limited to a minority stake of […]

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Syria considers European deal

November 28th, 2009 · No Comments · Business

The long process of deciding whether to sign the EU Association Agreement rumbles on. The EU finally agreed to the deal in October. Syria surprised Europe by saying it needed time to decide. Now it has admitted why – Syrian businessmen are concerned about competition from European companies. There has been much criticism across the […]

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Syria’s first debit card launched

October 3rd, 2009 · 8 Comments · Business

Bank Audi has launched Syria’s first debit card. The Mastercard can be used anywhere in the world, and withdraws funds directly from the user’s bank account. It’s a big step forward, because until now, only credit cards had been available – and were subject to strict application criteria. Syria is a low credit country – […]

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Syriatel denies Zain takeover

June 30th, 2009 · No Comments · Business

Syriatel has denied a takeover by Zain or Turkcell. It comes after rumours that the company had sold shares to one of the companies. There has been speculation for years that the two regional giants would want to enter the Syrian market – either by winning the third license, or by taking over MTN or […]

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Syrian mobile phone users go on strike

May 31st, 2009 · 4 Comments · Business

Customers of the two mobile phone networks are going on strike tomorrow, in protest at the high price of calls. 6SP (12 US cents) per minute on prepay may not seem like a lot (4SP on postpaid) – compare it to the UK’s 30 US cents per minute. But when you factor in the average […]

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Freight train to link Iraq and Syria

May 30th, 2009 · No Comments · Business

Plans are under way to run a freight train from the Syrian port of Lattakia to the Iraqi port of Umm Qasar. It would mean crossing the entire length of both Syria and Iraq, and would link the Mediterranean with the Persian Gulf (Umm Qasar is close to Basra in southern Iraq). The two countries […]

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