Finance

18-04-2017
The Central Bank of Syria is reportedly considering issuing dollar-denominated treasury bonds to finance the import of energy products, a prospect that could reflect a disconnect of the financial authorities with economic and political realities.
11-04-2017
Updated on April 20, 2017: The list of investors whose assets were recently frozen by the Syrian government has dozens of prominent names, including family members of prominent security officials.
04-04-2017
Syria Gulf Bank has rejected the offer of Banque Bemo Saudi Fransi to buy almost half of its share capital.
03-04-2017
In March, stock prices in the Damascus Securities Exchange continued to rise, while trading activity, albeit lower than in February, remained relatively high.
28-03-2017
Banque Bemo Saudi Fransi has entered talks to buy a controlling stake in Syria Gulf Bank, in the first such consolidation move since the liberalisation of Syria’s banking sector in 2004.
21-03-2017
The Ministry of Finance has obtained a freeze on the assets of dozens of the largest debtors of the country’s state-owned banks.
06-03-2017
In February, listed securities in the Syrian stock exchange continued to rally as the market’s main index gained some 18 percent and the value of trading remained well above the monthly average of the past years.
21-02-2017
Following in the steps of two of its competitors, BLOM Bank, Lebanon’s second largest bank by the size of its assets, has deconsolidated its operations in Syria.
07-02-2017
Byblos Bank has announced that it was writing off its Syria investment and deconsolidating its operations there.
31-01-2017
In January, stocks in the Damascus Securities Exchange surged to their highest levels in years as the end of the battle of Aleppo and the Russian-Turkish sponsored ceasefire attracted back investors.
24-01-2017
The Ministry of Finance’s Large Taxpayers Unit again posted an increase in its revenues measured in Syrian pounds, according to a government official.
03-01-2017
The main indicators of the Damascus Securities Exchange witnessed an overall positive performance last year when measured on a nominal basis, although the Syrian bourse remains largely disconnected from the economy at large.
03-01-2017
Revenues from the customs department increased by around two thirds last year, representing now a meaningful source of income for the Syrian treasury.
20-12-2016
Last week saw the addition of several individuals and entities based in Syria by the United Nations and the United States.
13-12-2016
The value of the Syrian Pound relative to the dollar has increased in the past month as the regime gained ground in the battle over Aleppo and in other parts of Syria.