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).
Cham Bank has announced a significant increase in assets and deposits in the first half of this year.
The Syrian Commission on Financial Markets and Securities has granted a preliminary license to two new brokerage firms.
Local private banks continue to post two-digit growth in all their main indicators, according to their mid-year financial statements.
Tadhamon International Islamic Bank, a Yemeni Bank, is expected to bid for a formal license in Syria within days.
Bank Audi Sal of Lebanon has announced that it had closed a USD 380 million syndicated bridge facility for the Syrian Cement Company.
Assessing the Price of Imported Goods
Damascus Chamber of Commerce
Damascus International Fairground