Finance

02-07-2007
The total premiums of the insurance industry reached SYP 2 billion in the first quarter of this year, according to the Syrian Insurance Supervisory Commission.
02-07-2007
Bank of Baraka-Syria (BBS) was officially licensed by the Syrian Cabinet on June 26 with a capital of SYP 5 billion (USD 100 million).
25-06-2007
The Cooperative Union Insurance Company launched an initial public offer for 51 percent of its capital share.
18-06-2007
Bank Audi Syria (BAS) has announced that it had started a programme to provide credit to Syrian SMEs and liberal professions.
18-06-2007
Assets of the International Bank of Trade and Finance reached SYP 29.40 billion at the end of last year.
11-06-2007
Bank of Jordan will partner with Homs businessman Tarif Al-Akhras to set-up a USD 30 million bank in Syria.
11-06-2007
Arab Bank Syria has opened two new branches in the last month, in each of Homs and Tartous.
11-06-2007
Adib Mayaleh, the Governor of the Central Bank of Syria, has announced that the link of the Syrian Pound to the Special Drawing Rights will start in July.
04-06-2007
Trust Insurance Company officially launched its activities in Syria on June 3. TIC is the eight private insurance firm to start operations in the local market.
04-06-2007
Three new brokerage firms, Orion Holding, Elite Financial Services and Orouba Stock Brokers, have been given preliminary licenses from the Syrian Commission on Financial Markets and Securities.
28-05-2007
The total assets of United Insurance Company stood at SYP 980 million on December 31 2006, at the end of its first year of activity, according to its audited financial statements
28-05-2007
Syria and Romania signed on May 18 an agreement on the resettlement of the debt owed by Syria to the former Soviet-block country.
21-05-2007
Syria Gulf Bank (SGB) will increase its capital to SYP 3 billion (USD 60 million) through an IPO to be held within a few weeks, according to Issam Nashawati, General Manager of the bank
21-05-2007
Total assets of Arab Bank Syria reached SYP 9.62 billion (USD 188 million) at the end of last year according to the financial statements of the company
14-05-2007
The total assets of Bank of Syria and Overseas doubled at the end of last year while BBSF continues to lead private banks across most indicators.

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