A total of seven insurance companies will be operating in Syria before the end of the year according to Abdel-Latif Abboud the head of the Insurance Supervision Commission.
The Syrian President passed on October 2nd a number of decrees bringing changes to taxation on income and real estate.
The Syrian President has issued a decree approving the new Basic Finance Law of the Syrian State.
The Syrian President Bashar al-Assad issued a decree (No 55) on October 1st establishing formally the Damascus Stock Exchange.
The Syrian Government ratified on 19 September the draft law for the establishment of the Damascus Stock Exchange.
The Syrian government has given a final and formal license for two Islamic Banks to operate in the country.
The Central Bank of Syria has freed the setting of interest rates charged on loans by public sector banks.
The Syrian Insurance Supervision Committee has given its preliminary nod to three new insurance firms, that will introduce for the first time in Syria Islamic insurance services also known as Takaful insurance.
Syria Gulf Bank has launched an Initial Public Offering for the outstanding 26 percent of its share capital.
The Ministry of Finance has opened a new market for private-sector insurance firms.
The Central Bank of Syria has taken a new decision to encourage Syrian importers to conduct their business with local banks.
The Industrial Bank is seeking a solution to get out of rising doubtful debts and liquidity shortages.
The Commercial Bank of Syria is raising its capital to be in line with Basle II recommendations.
The Commercial Bank of Syria is seeking to set-up a joint-venture with private investors to offer Islamic banking services according to Ahmad Diab, the deputy General Manager.
SHUAA Partners, which is the private equity arm of SHUAA Capital one of the leading regional investment banks in the Gulf, announced that it was launching a USD 100 million-fund dedicated to private equity investments in the Levant region and in partic...
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