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.
The Syrian pound is continuing to lose ground against the dollar, in spite of significant interventions by the Central Bank in the Syrian currency market.
Around half of Syria’s listed stocks were traded last week although few transactions involved meaningful amounts.
The purchase by Lebanon’s Byblos Bank Sal of an additional stake in its Syrian affiliate, Byblos Bank Syria, has been confirmed.