Finance

04-07-2017
The return of calm in many parts of Syria does not seem to impress much investors in the Syrian stock market as the main index continued to decline last month.
20-06-2017
Switzerland’s highest court has refused to hear an appeal from the Central Bank of Syria for lifting sanctions on it.
13-06-2017
In the past six weeks, the Syrian pound has gained ground relative to the U.S. dollar, bringing it back to its level of six months ago.
06-06-2017
The Syrian Government has requested public sector entities to prioritise local suppliers at the expense of foreign ones in a bid to save scarce foreign currencies.
05-06-2017
In May, the main index of the Damascus Securities Exchange declined for the first time in months as the amounts traded by investors also fell.
23-05-2017
The Islamic State is banning the use in its territory of any currency other than its own Dinar in an apparent bid to collect as much dollars as possible from the market before a potential withdrawal.
16-05-2017
The Central Bank of Syria has revoked the license of one of the few microfinance institutions working in the country.
02-05-2017
After three consecutive months of strong growth in the market index and the value of the shares traded, the Syrian stock exchange returned in April to last year’s more modest averages.
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.

Events

Auto Bazar
Damascus International Fairground
Tax Revision Committees
Damascus Chamber of Commerce