Finance

26-11-2007
Assets of commercial banks continued to grow in the first half of this year on the back of a strong increase in the balance sheets of private banks.
19-11-2007
Bemo Saudi Fransi Finance has been granted a preliminary licence by the Syrian Commission on Financial Markets and Securities to operate as a financial broker. BSF Finance will have a capital of SYP 300 million.
19-11-2007
The opening of the Damascus Stock Exchange has been postponed to an indefinite date, according to Rateb Al-Shallah, Chairman of the Board.
12-11-2007
The Central bank of Syria has announced that it had awarded a preliminary licence to the Aga Khan Agency for Microfinance to open Syria’s first Microfinance bank.
12-11-2007
The International Bank for Trade and Finance has launched a public subscription offer that ends on December 2.
12-11-2007
The Syrian Commission on Financial Markets & Securities has given a new preliminary license to a brokerage firm.
05-11-2007
Abu Dhabi Securities Market (ADSM) will provide technical and financial support to the Damascus Stock Exchange following an agreement between the two institutions.
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.