Turkey’s Halkbank is planning to open an affiliated institution in Syria, according to SANA.
Syria and Iran have agreed to establish a joint bank and a joint insurance company, according to Hassan Jawad, the head of the Joint Syrian-Iranian Businessmen Council.
Arab Bank Syria SA has launched a rights issue to double its capital to SYP 3 billion (USD 65 million).
The Central Bank of Syria has moved a step further towards allowing the market to assign interest rates.
Pioneers Syria, Syria’s first financial services and brokerage firm, will manage the IPO of Al Badia Cement.
The Export-Import Bank of India has extended a Credit Line of USD 25 million to Syria, to finance the export of goods and services from India, according to a statement from the bank.
The total premiums of the insurance industry reached SYP 2.542 billion (USD 55.2 million) in the first quarter of this year, according to the Syrian Insurance Supervisory Commission (SISC).
Investment Dar has agreed to sell its 12.5 percent stake in Cham Bank to the Commercial Bank of Kuwait, according to press reports from the Gulf.
Dubai Islamic Insurance & Reinsurance (DIIR) Company, also known as AMAN, has received an approval from the Syrian Insurance Supervision Commission (SISC) to start operations in Syria.
Bank Audi has announced that it had signed an agreement to part-finance the USD 590 million Greenfield cement plant built in Aleppo by Orascom Construction Industries.
Three new private insurance firms, including two of the three largest, have published their 2007 financial statements.
Al-Salam Investment Group is the latest brokerage firm to receive a preliminary license from the Syrian Commission on Financial Markets & Securities (SCFMS).
The total assets of Cham Bank stood at SYP 7.20 billion at the end of 2007, according to the financial statements of the bank.
Syria’s first microfinance institution has received a formal license by the Central Bank of Syria to start operations.
Export Finance Seminar
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