Finance

09-11-2008
The Syrian insurance market rose by a third in the first three quarters of this year, according to the Insurance Supervisory Commission.
02-11-2008
IFA Financial Service Co. (IFA-FSC) has become the third brokerage firm to be allowed to operate in Syria after it received a full license from the Syrian Commission on Financial Markets and Securities (SCFMS) on October 27.
02-11-2008
The European Investment Bank is launching on November 16 a new credit facility for Syrian small and medium enterprises, the Global Fund II.
27-10-2008
The International Bank for Trade and Finance (IBTF), Syria's fourth largest private bank in terms of assets, has received a preliminary license from the Syrian Commission on Financial Markets and Securities (SCFMS) to set up a brokerage house.
27-10-2008
Bemo Saudi Fransi Finance (BSFF) has announced that it is the first firm to be registered as a member of the Damascus Securities Exchange and that it had received as such membership number 1.
20-10-2008
The Central Bank of Syria has granted a license to two new money exchange firms.
20-10-2008
Cham Holding and Daman Securities from the United Arab Emirates are setting-up a joint brokerage firm to operate in the Damascus Securities Exchange.
13-10-2008
The Real Estate Bank (REB) will offer foreign currency operations from the beginning of 2009, only the second state-owned bank in Syria allowed to do so.
06-10-2008
The Syrian Commission on Financial Markets and Securities has awarded a preliminary licence to two new brokerage firms.
29-09-2008
Banque Bemo Saudi Fransi is the first Syrian company to apply for its shares to be listed in the Damascus Securities Exchange.
22-09-2008
The Syrian Commission on Financial Markets and Securities has awarded a preliminary licence to Global Investment House to open a brokerage house in Syria.
22-09-2008
Along with other private banks, the International Bank for Trade and Finance has posted a strong increase in its credit portfolio in the first half of this year and a more modest increase in its deposits base.
15-09-2008
Banque BEMO Saudi Fransi is increasing its capital by SYP 750 million through a rights issue.
15-09-2008
Noor Takaful Insurance Company will organize an Initial Public Offer for the majority of its capital before the end of this year.
08-09-2008
Syrian Arab Insurance Company has announced the appointment of Bassel Abboud as new General Manager of the Company.

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