Finance

03-03-2008
Al-Saqer Al-Arabi (The Arab Falcon), a new brokerage house, has received a preliminary license to start operations in Syria from the Syrian Commission on Financial Markets and Securities (SCFMS).
03-03-2008
Several new individuals have been named by PM Naji Al-Otri to chair the Board of Directors of the six state-owned banks and of the Syrian Insurance Company.
03-03-2008
Bank Audi Syria has announced a record 105 percent annual increase in its balance sheet at the end of 2007.
25-02-2008
The Central Bank of Syria has allowed investors to receive loans in foreign currencies from local banks.
18-02-2008
Shuaa Capital, one of the largest financial firms in the UAE, is entering the Syrian market following its purchase of a majority stake in Orion Brokers.
11-02-2008
The total assets of the Syrian commercial banking sector fell slightly at the end of the third quarter of last year to SYP 1.506 billion (USD 31.37 billion) from SYP 1.521 billion at the end of the second quarter.
04-02-2008
Syrian Islamic Insurance Company (SIIC), the third Takaful insurance firm to be licensed in Syria, held its founding assembly general on January 29.
03-02-2008
The Syrian Commission on Financial Markets and Securities has given its approval for the organisation of an Initial Public Offer for 36 percent of the shares of Fransabank Syria.
27-01-2008
Global One, a new brokerage house, has received a preliminary license to start operations in Syria from the Syrian Commission on Financial Markets and Securities.
27-01-2008
The Syrian Commission on Financial Markets and Securities has given its approval for the organisation of an Initial Public Offer for the sale of a third of the shares of Bank of Jordan Syria.
21-01-2008
The number of branches operated by private banks in Syria reached 68 at the end of last year, an annual increase of 58 percent.
20-01-2008
Standard and Poor’s has assigned a 'BB' long-term insurer financial strength and counterparty credit ratings with a stable outlook to Damascus-based Arab Union Reinsurance Company.
14-01-2008
The Central Bank of Syria has announced the set-up of a clearing house for Euro and US dollar transactions.
14-01-2008
The board of directors of the Damascus Stock Exchange has selected Sweden’s OMX, to provide it with the technology and software needed for the management of the stock market.
14-01-2008
2007 saw the arrival of Islamic banks in the Syrian market for the first time ever, as well as a continued interest from traditional banks in the region.