Finance

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.
07-05-2007
Dubai Islamic Bank has received the approval to open an affiliate in Syria
07-05-2007
Mowaffaq Al Qaddah Group of companies (MAG) will own 15 percent of IFA-MAG Financial Services, the company being set-up in joint-venture with the International Financial Advisors group (IFA)
30-04-2007
A joint-venture between IFA Securities and local Syrian investors has received a preliminary approval from the Stock Exchange Commission to operate as a financial intermediary firm
30-04-2007
The Credit and Monetary Council gave on April 25 a preliminary license to six companies to operate as the first money exchange firms in Syria
23-04-2007
The Syrian Insurance Company is already suffering from competition in spite of a growth in the size of the insurance market
16-04-2007
Fransabank is expecting to receive the final approval to start operations in Syrian within days, according to Mr Georges Andraos, Deputy Head of International Division
09-04-2007
The total premium collected by private insurance firms in Syria reached SYP 425 million (USD 8.5 million) last year according to the Syrian Insurance Supervisory Commission
09-04-2007
Tadhamon International Islamic Bank, an affiliate of Yemen-based Hayel Saeed Anam Group (HSAG), has received a preliminary approval from the Central Bank of Syria to open an Islamic bank with a capital of USD 100 million
09-04-2007
Syria International Islamic Bank (SIIB) will start operations in the fourth quarter of this year, according to Abdel Qader Dweik, its general manager.
02-04-2007
The Popular Credit Bank, a state-owned bank, has seen an increase in its key indicators across its fields of activity
26-03-2007
The Arab Monetary Fund is providing a loan of USD 52 million to the Ministry of Finance to finance the reform of the Syrian financial sector.

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Events

Damascus 1st Tourism Shopping Festival
Kiwan Land
6th Damascus Insurance Forum
Four Seasons Hotel