The Commercial Bank of Syria, the country’s largest bank, saw a stabilization in its deposits and credits in the first three quarters of this year.
The Official Journal of the European Union has published the names of the 16 individuals and two entities blacklisted last week by the European Council, confirming that the focus of western sanctions remains Syria’s oil sector.
At the end of last week, the DWX, the Syrian stock market’s main index, remained below the 1,300 mark, a level it has not crossed for more than a month.
Three years after the Syrian air force began bombing its own towns, the EU has decided to ban jet fuel and additives exports to Syria because “they are being used for indiscriminate air attacks against civilians.”
The U.S. Government has blacklisted several companies based in Cyprus and Lebanon for providing material support to the Syrian Government.
After a weeklong break, investors resumed trading in the Syrian bourse last week.
In the last two weeks, the value of the Syrian pound stabilized in the foreign currency market as the Central Bank of Syria continued to sell dollars.
United Insurance Company, a private insurance company, said that it replaced one of its directors because of repeated absences from board meetings.
Trading in the Syrian bourse last week recorded one of its lowest levels since its establishment five years ago.