Syria International Islamic Bank (254)

10-04-2019

A very rare public spat has highlighted tensions between Samer Foz and Rami Makhlouf, Syria’s two most powerful business cronies.

03-04-2019

The market price of Syria’s most prominent stocks increased significantly last month.

26-03-2019

Several Syrian banks have reopened a branch in the southern city of Daraa as they start a slow expansion of their network.

12-03-2019

The Damascus Securities Exchange has issued a new index that is supposed to better represent trading activity in the exchange.

06-03-2019

The Syrian stock exchange’s main index gained 2.26 percent last month amid low trading volumes and as interest in the Syriatel stock seems to have quickly faded.

27-02-2019

The relatively stable situation in most of Syria has reflected positively on the performance of Syrian banks, which have broadly reported an improvement in their financial results last year.

06-02-2019

In a month marked by the listing of Syriatel, almost all stocks that were traded in relatively important volumes in the Damascus Securities Exchange fell.

29-01-2019

Samer Foz, one of 11 Syrian investors sanctioned by the EU a week ago, has taken the unusual step of going to social media to defend himself.

22-01-2019

Samer Foz has bought an additional stake in Syria’s Islamic lender of which he has become the second largest shareholder.

22-01-2019

The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.

15-01-2019

Qatar National Bank Syria has announced the resignation of its CEO, the third such executive to resign from Syria’s top private banks in the past six months.

08-01-2019

The DWX closed 2018 with a small decline as the Syrian stock exchange mostly failed to live to its expectations last year.

08-01-2019

Only weeks after buying a sizable stake in one of Syria’s largest banks, Samer Foz has invested in another Sharia-compliant financial institution.

11-12-2018

Samer Foz, Syria’s most prominent businessman in past years, has expanded his business activities by buying a significant stake in the country’s largest private sector bank.

03-12-2018

Interest in Syria’s securities exchange declined further last month, while two stocks alone attracted more than half of the limited trading.

27-11-2018

The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.

02-10-2018

The main index of the Damascus Securities Exchange gained slightly last month as the number and value of transactions also increased.

18-09-2018

Syrian private sector banks continued to post a modest increase in their main indicators in the first half of this year, as Islamic lenders now represent almost 40 percent of the sector.

04-09-2018

The DWX gained some 9.63 percent last month, its highest monthly increase since the beginning of the year, mostly thanks to the rise in the price of a single stock.

07-08-2018

The main index of the Damascus Securities Exchange declined again last month to close at 5,528.66.

02-07-2018

The main index of Syria’s stock exchange remained unchanged last month as trading volumes declined significantly.

19-06-2018

The assets, credits and deposits at the 14 private sector banks in Syria. 

19-06-2018

The operating income and profits of Syria's 14 private sector banks in 2017. All numbers are in million Syrian pounds.

19-06-2018

The balance sheets and income statements of Syrian banks show an improvement in their performance last year.

12-06-2018
04-06-2018

The main index of the Syrian stock exchange fell for the third month in a row and for the fourth time in five months since the beginning of the year, highlighting investors’ lack of confidence over the economy.

01-05-2018

Syria’s stock market index fell for the second month in a row as investors partly retreat from the market.

03-04-2018

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.

19-03-2018

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.

05-03-2018

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

06-02-2018

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

02-01-2018

The Damascus Securities Exchange ended 2017 on a high note with investors making positive returns for the first time since 2010.

12-12-2017

The main index of the Syrian stock exchange reached a new high for the year as it continued to rise in November, albeit at a slower pace than in the previous month.

31-10-2017

The Damascus Securities Exchange's main index posted in October its second largest monthly increase since the beginning of 2017.

17-10-2017

The government has ordered a provisional custody on the assets of Imad Ghreiwati, one of Syria’s most prominent investors prior to 2011, a move that adds a layer of instability to investors planning to return to the country.

04-09-2017

The value of trading in the Damascus Securities Exchange last month was mostly unchanged as was its main index.

29-08-2017

The relative stable situation in vast parts of western Syria have enabled private commercial banks in the first half of this year to post a slight improvement in their main indicators.

07-08-2017

The main index of the Damascus stock exchange rose again slightly in July after several months of decline.

21-07-2017

Updated on July 21, 2017: Syria’s private commercial banks, which saw last year their assets fall to a fraction of what they were in 2010 and now barely breakeven, are unable to finance any meaningful reconstruction drive.

05-06-2017

In May, the main index of the Damascus Securities Exchange declined for the first time in months as the amounts traded by investors also fell.

16-05-2017

One of Syria’s main Sharia-compliant banks as well as several individuals and entities affiliated to Rami Makhlouf have been put under sanctions by the U.S. Administration today.

02-05-2017

After three consecutive months of strong growth in the market index and the value of the shares traded, the Syrian stock exchange returned in April to last year’s more modest averages.

06-03-2017

In February, listed securities in the Syrian stock exchange continued to rally as the market’s main index gained some 18 percent and the value of trading remained well above the monthly average of the past years.

21-02-2017

Following in the steps of two of its competitors, BLOM Bank, Lebanon’s second largest bank by the size of its assets, has deconsolidated its operations in Syria.

31-01-2017

In January, stocks in the Damascus Securities Exchange surged to their highest levels in years as the end of the battle of Aleppo and the Russian-Turkish sponsored ceasefire attracted back investors.

03-01-2017

The main indicators of the Damascus Securities Exchange witnessed an overall positive performance last year when measured on a nominal basis, although the Syrian bourse remains largely disconnected from the economy at large.

06-12-2016

For the third month in a row, trading activity at the Damascus Securities Exchange remained extremely limited in November.

01-11-2016

The value of the shares traded last month in the Damascus Securities Exchange fell to its lowest level since the beginning of the year.

04-10-2016

The third quarter of this year saw a marked decline in the value of the shares traded in the Damascus Securities Exchange.

06-09-2016

The month of August saw a slight increase in the Syrian stock market index and in the value of shares traded.