Finance

27-02-2019
The Central Bank of Syria has raised SYP 130.8 billion, USD 244.5 million at the current market exchange rate, for its first issue of certificates of deposit.
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.
06-02-2019
The Central Bank of Syria has announced that it will issue certificates of deposits later this month for the first time in its history, as the government seeks to raise funds to pay for its expenses.
05-02-2019
The Syrian pound is resuming its downward slide and has already lost some six percent of its value relative to the dollar since the beginning of the year.
30-01-2019
European sanctions inflicted last week on several Syrian investors and companies are disrupting more than expected their business activity.
29-01-2019
Syria’s state banks have improved the recovery rate of their bad debts, but loans worth billions of dollars will never be paid back.
22-01-2019
Samer Foz has bought an additional stake in Syria’s Islamic lender of which he has become the second largest shareholder.
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.
14-01-2019
Official data indicate a significant increase in the receipts generated by the customs department, which represents one of the government’s main sources of revenues.
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.
18-12-2018
The Syrian regime is continuing a relentless campaign to freeze and confiscate the assets of its people, mostly those affiliated with the opposition, with dozens of thousands of people affected last year alone.
17-12-2018
Fransabank Syria has announced the resignation of its Lebanese chairman, confirming the dissociation policy adopted by Lebanese banks operating in the country.
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.
11-12-2018
Several decisions issued by the Central Bank of Syria will increase lending by, and credit risks for, the banking sector although they also show the influence of powerful investors in the Central Bank’s decision-making process.

Events

Motex 2011
Damascus International Fairground
All Energy
Dama Rose Hotel