Prospects for the launch any time soon of the Value Added Tax in Syria look grim following several statements from the Minister of Finance, Mohammad Hussein.
KFW is providing a EUR 52.8 million credit facility to the Syrian government to finance a water project in Aleppo.
Market Evolution Software Products Limited, a company from the Bahamas, has been chosen to supply the electronic trading systems to be used by the Damascus Securities Exchange (DSE).
The Social Security Organization (SSO) has invested actively in the last few years in private sector firms.
Syria’s businesses are benefitting from only 7 percent of all lending from the banking sector, according to data released by the Central Bank of Syria.
The Syrian insurance market rose by a third in the first three quarters of this year, according to the Insurance Supervisory Commission.
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.
The European Investment Bank is launching on November 16 a new credit facility for Syrian small and medium enterprises, the Global Fund II.
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.
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.
The Central Bank of Syria has granted a license to two new money exchange firms.
Cham Holding and Daman Securities from the United Arab Emirates are setting-up a joint brokerage firm to operate in the Damascus Securities Exchange.
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.
The Syrian Commission on Financial Markets and Securities has awarded a preliminary licence to two new brokerage firms.
Banque Bemo Saudi Fransi is the first Syrian company to apply for its shares to be listed in the Damascus Securities Exchange.


Computer & Technology Show
Boulevard Damascus
All Energy 2016
Dama Rose Hotel