Arab Bank Syria has announced the election of a new Board of Directors.
The level of trading in the Damascus Securities Exchange last week surged helped by two large transactions.
Preliminary figures from the Syrian insurance market regulator indicate a nominal decline of 13.1 percent in the size of the market in 2013 compared to the previous year.
The total weekly trading volume at the Damascus bourse was below USD 50,000 last week, an indication of how deserted the Syrian stock market has become.
Bank Al-Sharq is having two new members in its board of directors.
The Syrian Government has issued a decision requesting exporters to refund half of their foreign currency proceeds to the Central Bank.
The DWX, the main index at the Damascus Securities Exchange, remained largely unchanged last week as investors focused on banking stocks.
Bank Audi Syria has announced the appointment of a new Chief Executive Officer.
Jordanian banks are imposing a number of restrictions on financial transactions for Syrians, according to the Jordanian media.
Last week saw the lowest levels of trading in the Damascus Securities Exchange since the beginning of the year.
The Ministry of Finance has established a new department to manage the funds confiscated or seized from opposition activists.
Last week, the Damascus Securities Exchange was on track to witness one of its worst weeks in terms of trading volumes when a handful of transactions lifted the bourse’s overall weekly activity.
Almost 500,000 companies and professionals are registered with Syria’s Tax Office according to a recent report.
2nd International Finance Markets Investment Forum 2011
Sheraton Hotel Aleppo
Syria: Progress & Potential
BIS Conference Centre, 1 Victoria Street, London SW1