Homs (ST): Despite the economic blockade and the unilateral coercive measures taken against Syria, the production process is still continuous in Hsaya'a industrial zone in a way that supports national economy and meets the requirements of local market with unlimited government support in all domains.

The number of investments in Hasya'a industrial zone has scored an increase by about 20 investors since the beginning of 2020. The number of production facilities has risen to 264 with a capital estimated at more than 69 billion Syrian pounds. About 8132 workers and technicians are working in these facilities.

Director of the Industrial Zone Dr. Bassam al-Mansour referred to the importance of the government support offered to industrial zones, especially electricity supplies which made the production process continue unceasingly.

K.Q.

Washington (ST): The American economist Steven Rotech expects an imminent collapse for the US dollar that will result in adverse repercussions. Rotech, a former expert in Morgan Stanley Foundation, one of the biggest financial establishments in the US, said in an interview with the US CNBC network that there is a possibility of the collapse of the US dollar by the end of this year or the beginning of the new year as its value is expected to reduce at a rate of 35% against other currencies. 

He added that the current economic crisis will have adverse consequences, especially on the position of the US dollar which has been dominating world currencies for more than 60 years.

Rotech concluded that the current political situation, divisions in the US society and the failure in confronting the Corona virus pandemic lessens confidence in the socio-economic stability in the US and its currency.

K.Q.