The Ministry of Finance has put a cap on premiums generated by private sector companies from third-party insurance in a bid to increase revenues at the state-owned insurance company.
The average wealth of Syrians in 2016 is only around a quarter of what it was before the uprising, a recent study has found.
For the third month in a row, trading activity at the Damascus Securities Exchange remained extremely limited in November.
Data from the Commercial Bank of Syria, Syria's largest bank, indicate that it loans almost exclusively to the public sector.
Since the beginning of the uprising, Syria's public debt has multiplied by 11, Adib Mayaleh, the Minister of Economy has said.
While the Syrian Pound continues to lose ground in the local foreign currency market, its rate of decline is slower since the beginning of the summer.
Bank Audi, Lebanon’s largest banking grouping, has announced that it has written-off its investment in Syria and that its representatives in the bank’s board of directors have resigned.
Al-Baraka Bank Syria, an Islamic lender and one of the newest comers to the Syrian banking sector, saw its assets jump 50 percent in the first half of this year.
The value of the shares traded last month in the Damascus Securities Exchange fell to its lowest level since the beginning of the year.
ISIS has started using its own currency, the Islamic dinar, to impose fines on inhabitants of Raqqa and other towns under its control.
The state-owned Syrian Insurance Company held almost two thirds of the insurance market in the first half of this year, official data show.
As fiscal revenues remain very low, the Syrian government is on the hunt to generate more income through raising all sorts of taxes and fees and cracking down on tax fraudsters.
The third quarter of this year saw a marked decline in the value of the shares traded in the Damascus Securities Exchange.
The Islamic State has reportedly begun the circulation of its new currency in the city of Raqqa.
At least a third of the government expenses last year were funded by long-term borrowing from the Central Bank of Syria, according to a recent report.
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