Finance

16-09-2002
A delegation from German bank Hypovereinsbank (HVB) is expected to arrive in Damascus to study the possibility of applying for a licence to operate in the country, according to al-Baath, the state-owned daily.
09-09-2002
The Commercial Bank of Syria (CBS) has been granted the right to sell foreign currencies in the Syrian domestic market.
26-08-2002
Syria has accepted to start negotiations with Bulgaria on the paying off of its debt.
26-08-2002
Syrian officials have denied that a license had been granted to a foreign bank to operate in the country.
19-08-2002
Syrian residents and non-residents are now allowed to open accounts in foreign currencies at the Commercial Bank of Syria and to feed them with wire transfers, foreign banks cheques and bank notes.
05-08-2002
The Syrian state-run insurance company, the Syrian Insurance Company (SIC), posted a net profit of SYP1.882 billion (USD37.6 million) in 2001, Teshreen said.
05-08-2002
Deposits at the state-run Commercial Bank of Syria (CBS) rose to SYP475.2 billion (USD9.504 billion) at the end of 2001 from SYP423 billion (USD8.460 billion) at the end of 2000, reported Teshreen.
29-07-2002
Syria recently completed the requirements needed to join the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, making it the agency's 156th member.
29-07-2002
According to al-Hayat, the private banking sector in Syria has suffered a new setback with licenses not expected before the first quarter of next year.
05-07-2002
The Syrian government is projecting to inject around SYP10 billion (USD200 million) in the coming three years into the state-owned banking sector in order to upgrade it reported Teshreen.
01-07-2002
The International Finance Corporation (IFC) is providing a USD13.2 million loan to United Joint Stock Company for Petrochemical Industries (UCPI), an alkyl benzene (LAB) manufacturing company that is to be set up by Syria's Ahmed Daaboul and Sons.
19-06-2002
According to Syria's minister of economy, a license will be awarded for a private bank to operate in the country next September.
19-06-2002
The Commercial Bank of Syria is to set up an operation center to manage the use of the Visa credit cards in Syria, according to al-Thawra.
27-05-2002
According to Ghassan al-Rifai, Minister of Economy, Syria will be licensing the first private banks by the end of the fall of this year.
13-05-2002
Salah Kamel, head of the Saudi Dallah al Baraka conglomerate has announced that it had forwarded an application for the set up of a private bank in Syria.

Events

All Energy 2016
Dama Rose Hotel
Vet Expo
Damascus International Fairground