The Syrian Prime Minister has appointed the five remaining members of the board of directors of the Damascus Securities Exchange.
Al-Aqeelah Takaful Insurance has appointed a new general manager.
After rising to some 92 pounds at one point last week the dollar has since partly retreated, although the respite for the Syrian national currency is likely to be short-lived.
Provisions for bad debts at private sector Syrian banks rose sharply in the third quarter of this year as businesses faced increasing difficulties to reimburse their loans.
The Damascus Securities Exchange extended this week its losing streak to twenty sessions in a row.
Bank Al-Sharq has announced the resignation of one of its board members.
Trading in two banking stocks increased sharply the volume of transactions at the Damascus bourse last week although this did not prevent the continued decline in prices.
Updated December 03: The Syrian pound is losing further ground against the US dollar in both the black and formal markets.
Updated December 03: Bank Audi is readying a plan B to quit the Syrian market should the situation deteriorate further, its CEO Samir Hanna was quoted as saying.
The Central Bank of Syria has licensed a new foreign exchange company, Ayyoub Exchange.
The Syrian Pound continues to face pressures in the currency market in spite of an easing on foreign exchange transactions by the Central Bank of Syria.
Russia sent more than 240 tons of cash to Syria last summer, according to a press report, in an additional confirmation of the continued support of the Russian authorities to their Syrian counterparts.
SIIB has announced that its branch in the city of Deir-ez-Zor has been almost entirely destroyed by “unknown” assailants.
Syria’s stock exchange index declined 0.20 percent last week amid very limited trade.
Lebanese-managed Syrian banks lost USD 400 million since the beginning of the uprising, according to the head of the Lebanese central bank.
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