Adonis Insurance - Syria, the affiliate of the Byblos Bank Group, has launched operations in Syria.
The Damascus Securities Exchange has sent the following clarification regarding our article "DSE to Award Trading Equipment Contract to Bahamas Firm"
Several new brokerage firms have been licensed by the Syrian Commission on Financial Markets and Securities.
Bemo Saudi Fransi Finance has announced that Bank Al Sharq’s IPO was oversubscribed by 438 percent.
The number of branches operated by private banks in Syria rose to 92 at the end of October, or a quarter of the entire banking network, according to the Central Bank of Syria.
Prospects for the launch any time soon of the Value Added Tax in Syria look grim following several statements from the Minister of Finance, Mohammad Hussein.
KFW is providing a EUR 52.8 million credit facility to the Syrian government to finance a water project in Aleppo.
The Social Security Organization (SSO) has invested actively in the last few years in private sector firms.
Syria’s businesses are benefitting from only 7 percent of all lending from the banking sector, according to data released by the Central Bank of Syria.
The Syrian insurance market rose by a third in the first three quarters of this year, according to the Insurance Supervisory Commission.
IFA Financial Service Co. (IFA-FSC) has become the third brokerage firm to be allowed to operate in Syria after it received a full license from the Syrian Commission on Financial Markets and Securities (SCFMS) on October 27.
The European Investment Bank is launching on November 16 a new credit facility for Syrian small and medium enterprises, the Global Fund II.
The International Bank for Trade and Finance (IBTF), Syria's fourth largest private bank in terms of assets, has received a preliminary license from the Syrian Commission on Financial Markets and Securities (SCFMS) to set up a brokerage house.
Damascus International Fairground
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