The Syrian Commission on Financial Markets and Securities (SCFMS) has given a final approval for the establishment of Bemo Saudi Fransi Finance.
IFA-MAG, one of the financial intermediary firms under license has changed its name to IFA Financial Services (IFA-FS) and brought down its capital to SYP 100 million.
Al-Sahm for Investment & Brokerage (Shareco), a new brokerage house, has received a preliminary license to start operations in Syria.
Private Banks held over a third of all private sector deposits at the end of 2007, according to Adib Mayaleh, Governor of the Central Bank of Syria.
Bank of Jordan-Syria is organizing an Initial Public Offer (IPO) for 33.68 percent of its shares between March 16 and April 15.
Arope Syria announced profits of SYP 4.59 million in 2007, its first full year of operations.
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).
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.
Bank Audi Syria has announced a record 105 percent annual increase in its balance sheet at the end of 2007.
The Central Bank of Syria has allowed investors to receive loans in foreign currencies from local banks.
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.
Q3, 2007: Private Banks' market share continues to grow as total assets of banking sector fall slightly
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.
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.
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.
6th Damascus Insurance Forum
Four Seasons Hotel
2nd International Finance Markets Investment Forum 2011
Sheraton Hotel Aleppo