Finance

03-10-2006
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.
03-10-2006
The Syrian President passed on October 2nd a number of decrees bringing changes to taxation on income and real estate.
03-10-2006
The Syrian President has issued a decree approving the new Basic Finance Law of the Syrian State.
03-10-2006
The Syrian President Bashar al-Assad issued a decree (No 55) on October 1st establishing formally the Damascus Stock Exchange.
22-09-2006
The Syrian Government ratified on 19 September the draft law for the establishment of the Damascus Stock Exchange.
22-09-2006
The Syrian government has given a final and formal license for two Islamic Banks to operate in the country.
22-09-2006
The Central Bank of Syria has freed the setting of interest rates charged on loans by public sector banks.
05-09-2006
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.
05-09-2006
Syria Gulf Bank has launched an Initial Public Offering for the outstanding 26 percent of its share capital.
05-09-2006
The Ministry of Finance has opened a new market for private-sector insurance firms.
05-09-2006
The Central Bank of Syria has taken a new decision to encourage Syrian importers to conduct their business with local banks.
04-08-2006
The Industrial Bank is seeking a solution to get out of rising doubtful debts and liquidity shortages.
03-08-2006
The Commercial Bank of Syria is raising its capital to be in line with Basle II recommendations.
07-07-2006
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.
07-07-2006
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...

Events

Bank Credit Guarantees
Damascus Chamber of Commerce
Computer & Technology Show
Boulevard Damascus