The latest political developments, perceived in Damascus as favourable to the Syrian regime, have helped shore up the value of the Syrian pound in the foreign exchange market.

The value of trading in the Damascus Securities Exchange declined during the first quarter of 2018 relatively to the previous quarter, while share prices remained mostly stable as investors seem to be in a wait-and-see mode.

Payment facilities and restrictive measures have ensured a sharp increase in the Large Taxpayers Unit of the Ministry of Finance last year.

The Syrian financial markets regulator has revoked the license of several investment banks, some of them regional institutions, which had already suspended their operations in Syria or never started them.

Syria’s main stock market index gained again last month amid rising trading volumes.

The bank accounts of the World Chess Federation have been closed over sanctions imposed on its president for dealing with the Syrian government.

For the first time in months, the main index of the Damascus Securities Exchange fell as investors seemed to be taking their profits.

Updated on January 23, 2018: The Syrian financial markets regulator has renewed for one more year the license of seven brokerage firms, while many others have their operations suspended or entirely left the market.

Only days after allowing local banks to resume lending, the Central Bank of Syria has partly backtracked on its decision for fear of pressures on the pound.

Byblos Bank Syria has announced the appointment of a new general manager.