Finance

28-10-2007
Al Aula Financial Investments of Jordan has received a preliminary license from the Syrian Commission on Financial Markets and Securities to set-up a brokerage firm in Syria.
22-10-2007
The draft text of the Listing Act prepared by the Syrian Commission on Financial Markets and Securities.
21-10-2007
The Syrian Commission on Financial Markets and Securities has released the draft text of the Listing Act which sets the conditions for listing and trading stocks, bonds, debt instruments and other securities in the Damascus Stock Exchange.
08-10-2007
The Commercial Bank of Syria (CBS) has reduced interest rates paid on deposits across the board in a move aimed at reducing costs and focusing on corporate accounts.
08-10-2007
Arab Orient Insurance Company- Syria has announced that it had won the contract to provide insurance cover for the building of a series of sewage and water treatment plants.
08-10-2007
The Syrian President has issued a Law authorising the issuance of Treasury Securities by the Central Bank of Syria.
01-10-2007
The Syrian Commission on Financial Markets and Securities (SCFMS) has given its final approval for the establishment of Pioneers Financial Investments, the first financial intermediary firm officially allowed to operate in Syria.
01-10-2007
The Central Bank of Syria has cancelled all the fees that it charged on money transfers between local banks and between the Central Bank and these banks.
23-09-2007
Deposits at the Commercial Bank of Syria grew by 13 percent in the first six months of this year to reach SYP 406.3 billion (USD 8.1 billion).
16-09-2007
Global Insight, a risk analysis firm, upgraded Syria’s medium-term sovereign credit rating from “CCC-” to “CCC” with a stable outlook.
16-09-2007
Syria’s first two money exchange firms have started operations ending a 40-year ban, while six other firms as well as two exchange bureaus will open within a month, according to a source at the Central Bank of Syria.
10-09-2007
The Central Bank of Syria (CB) has given more flexibility to local banks by allowing them to fix interest rates on deposits freely, within a margin of 2 percent from its set rate.
10-09-2007
Qatar National Bank received on September 3 the final approval from the Syrian authorities to open a bank under the name of Qatar National Bank-Syria with a capital of USD 100 million.
10-09-2007
The Arab Monetary Fund has signed an agreement with the International Bank for Trade and Finance to offer a loan to help finance import and export operations of Syrian traders.
03-09-2007
The total premiums of the insurance industry reached SYP 4.28 billion in the first half of this year, according to the Syrian Insurance Supervisory Commission.