A new law regulating the repayment of debts owed to Syria’s public sector banks was passed last week as the Government seeks to recover as much funds as possible.
The full text in Arabic of Law 26/2015 on the Settlment of Debts owed to the state-owned commercial banks issued on December 29, 2015.
The Ministry of Economy has introduced new rules for the financing of imports that it hopes will limit pressure on the Syrian Pound and keep prices stable.
Banque Bemo Saudi Fransi, the largest Syrian private sector bank, has announced the resignation of its CEO.
The value of trading in the Syrian bourse last week was slightly above 5 million pounds, which at the current exchange rate is equivalent to some USD 13,000.
For the fourth week in a row, the main index of the Syrian stock exchange market remained largely unchanged.
The dollar continued to climb and reach record levels in the Syrian foreign exchange market this week.
The value of trading in the Damascus Securities Exchange remained stable this week.
The Central Bank of Syria said it will adopt new measures to stem the decline in the value of the Pound, while the Government has rejected a proposal to pay salaries in dollars.
One stock represented almost half of all the transaction value in the Syrian bourse this week.
The DWX fell again slightly this week as investors remained largely absent from the Damascus Securities Exchange.
The U.S dollar climbed further in the Syrian foreign currency market this week in spite of attempts by the Central Bank of Syria to curb its rise.
Stocks have continued their downward trend in the Damascus Securities Exchange amidst negligible trading volumes.
The premiums generated by Syrian private sector insurance companies fell 3.27 percent to SYP 3.0 billion in the first half of this year, according to the Syrian Insurance Supervisory Commission.
The Syrian pound has continued its relentless decline as the dollar crossed the 360-pound level and the Euro climbed above 400 pounds this week.
City View 2011 - Aleppo
Sheraton Hotel Aleppo
Damascus Chamber of Commerce