The Central Bank of Syria has granted a license to two new money exchange firms.
The Real Estate Bank (REB) will offer foreign currency operations from the beginning of 2009, only the second state-owned bank in Syria allowed to do so.
The Syrian Commission on Financial Markets and Securities has awarded a preliminary licence to two new brokerage firms.
Bank Al-Sharq will launch on October 7 an Initial Public Offer for 20.5 percent of its capital. The IPO will last until October 29.
The Syrian Commission on Financial Markets and Securities has awarded a preliminary licence to Global Investment House to open a brokerage house in Syria.
Along with other private banks, the International Bank for Trade and Finance has posted a strong increase in its credit portfolio in the first half of this year and a more modest increase in its deposits base.
Banque BEMO Saudi Fransi is increasing its capital by SYP 750 million through a rights issue.
Noor Takaful Insurance Company will organize an Initial Public Offer for the majority of its capital before the end of this year.
Syrian Arab Insurance Company has announced the appointment of Bassel Abboud as new General Manager of the Company.
Orient Bank (Al-Sharq Bank) has received the go ahead from the Syrian Commission on Financial Markets and Securities (SCFMS) to launch an Initial Public Offer IPO for 20.5 percent of its capital.
The credit portfolio of the Commercial Bank of Syria (CBS) continues to increase at a significant pace, according to the state-owned bank.
The Ministry of Economy & Trade has licensed a new foreign exchange trading firm, Al-Adham Exchange, a joint-stock company.
Premiums collected by Syrian insurance companies in the first half of this year reached SYP 5.25 billion, a 23 percent year-on-year increase, according to the Syrian Insurance Supervisory Commission (SISC).
Food Expo 2011
Damascus International Fairground
6th Damascus Insurance Forum
Four Seasons Hotel