Finance

04-06-2007
Trust Insurance Company officially launched its activities in Syria on June 3. TIC is the eight private insurance firm to start operations in the local market.
04-06-2007
Three new brokerage firms, Orion Holding, Elite Financial Services and Orouba Stock Brokers, have been given preliminary licenses from the Syrian Commission on Financial Markets and Securities.
28-05-2007
The total assets of United Insurance Company stood at SYP 980 million on December 31 2006, at the end of its first year of activity, according to its audited financial statements
28-05-2007
Syria and Romania signed on May 18 an agreement on the resettlement of the debt owed by Syria to the former Soviet-block country.
21-05-2007
Syria Gulf Bank (SGB) will increase its capital to SYP 3 billion (USD 60 million) through an IPO to be held within a few weeks, according to Issam Nashawati, General Manager of the bank
21-05-2007
Total assets of Arab Bank Syria reached SYP 9.62 billion (USD 188 million) at the end of last year according to the financial statements of the company
14-05-2007
The total assets of Bank of Syria and Overseas doubled at the end of last year while BBSF continues to lead private banks across most indicators.
07-05-2007
Dubai Islamic Bank has received the approval to open an affiliate in Syria
07-05-2007
Mowaffaq Al Qaddah Group of companies (MAG) will own 15 percent of IFA-MAG Financial Services, the company being set-up in joint-venture with the International Financial Advisors group (IFA)
30-04-2007
A joint-venture between IFA Securities and local Syrian investors has received a preliminary approval from the Stock Exchange Commission to operate as a financial intermediary firm
30-04-2007
The Credit and Monetary Council gave on April 25 a preliminary license to six companies to operate as the first money exchange firms in Syria
23-04-2007
The Syrian Insurance Company is already suffering from competition in spite of a growth in the size of the insurance market
16-04-2007
Fransabank is expecting to receive the final approval to start operations in Syrian within days, according to Mr Georges Andraos, Deputy Head of International Division
09-04-2007
The total premium collected by private insurance firms in Syria reached SYP 425 million (USD 8.5 million) last year according to the Syrian Insurance Supervisory Commission
09-04-2007
Tadhamon International Islamic Bank, an affiliate of Yemen-based Hayel Saeed Anam Group (HSAG), has received a preliminary approval from the Central Bank of Syria to open an Islamic bank with a capital of USD 100 million

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