Finance

30-10-2019
The US dollar has gained almost 5 percent in the space of a month in the Syrian foreign exchange market, a confirmation that the latest plan by the authorities to prop up their currency has failed.
30-10-2019
The government is considering imposing a tax on cigarettes, of which Syria is among the highest per-capita consumers in the world, as a means to cover part of its health expenses bill.
16-10-2019
Only a few days after ordering a freeze on the bank accounts of several prominent investors, the Central Bank of Syria reversed its decision, increasing uncertainty and making it very hard to understand its strategy.
09-10-2019
THIS ARTICLE HAS BEEN UPDATED. READ IT IN ITS NEW VERSION HERE: More Pressure on Business Community as Central Bank Freezes Bank Accounts of Prominent Investors
02-10-2019
The two indices of the Damascus Securities Exchange have posted their strongest monthly decline in years, a particularly significant change given the relatively large volume of trading.
25-09-2019
The Central Bank of Syria is trying to push Syrian businessmen to hand over their dollars as part of its drive to curb the depreciation of its currency.
18-09-2019
Syria’s gold market remains disrupted by tensions between goldsmiths and the Ministry of Finance, unstable prices and the spread of unmarked gold.
18-09-2019
The Central Bank of Syria has issued a circular to local banks asking them to restrict credit facilities they grant to importers, an additional sign of the pressures faced by the economy.
03-09-2019
The Syrian pound has fallen to its lowest level on record relative to the U.S. dollar in the local foreign exchange market.
03-09-2019
Trading was dull at the Damascus Securities Exchange last month and not much seemed able to bring interest back into the market.
31-07-2019
The Syrian bourse’s two indices, the DWX and DLX, took opposite directions last month as trading volumes increased.
31-07-2019
Syria’s commission for combating money laundering and the financing of terrorism has issued its 2018 annual report.
16-07-2019
The Syrian Financial Intelligence Unit (SFIU), a body affiliated to the Central Bank of Syria, attended for the first time in years the annual plenary meeting of the Egmont Group.
03-07-2019
Syrian private sector banks are expanding their branch network across the country.
02-07-2019
The government has announced that it plans to issue treasury bills before the end of the year to fund its budget deficit.