Trading in the Damascus Stock Exchange will start in January or February 2008, according to Rateb Al-Shallah, chairman of the Board of DSE.
Bank Audi Syria has announced the launch of a new credit card service, the Visa Gold Card in US dollars.
The private banking sector confirmed last year its growing role in the local banking system.
A decision issued by the Syrian Insurance Supervisory Commission (SISC) provides the guidelines for investment by Syrian insurance firms.
Al Aqeelah Insurance Company, Syria's first takaful insurance firm, will offer 51 percent of its share capital in an initial public offer that it plans to hold within a month, according to Maher Mhanna, operations manager at the Damascus branch of Al A...
The International Finance Corporation has announced that it would be signing an agreement with Bank of Syria and Overseas to ease access to credit for Syrian businesses.
Financial intermediary firms are now required to have Syrian individuals and corporations hold a majority stake in their capital following a decision by the Syrian Commission on Financial Markets and Securities.
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.
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).
The Cooperative Union Insurance Company launched an initial public offer for 51 percent of its capital share.
Bank Audi Syria (BAS) has announced that it had started a programme to provide credit to Syrian SMEs and liberal professions.
Assets of the International Bank of Trade and Finance reached SYP 29.40 billion at the end of last year.
Bank of Jordan will partner with Homs businessman Tarif Al-Akhras to set-up a USD 30 million bank in Syria.
Arab Bank Syria has opened two new branches in the last month, in each of Homs and Tartous.
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.
EDU 2011 Damascus
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