The Syrian stock exchange’s main index shed almost four percent in the first six months of this year as it continues to fail at attracting meaningful interest.
The General Postal Establishment, also known as the Syrian Post, announced that it generated profits in 2018 for the first time in years.
Hazem Qarfoul, the governor of the Central Bank of Syria, has implicitly admitted that defending the value of the Syrian pound in the foreign exchange market was no more a priority.
The dollar has crossed the 600 level in the Syrian foreign currency market as the pound fell to its lowest level in three years.
Al-Badia Cement has received a preliminary approval to list its shares on the Damascus Securities Exchange.
A plan by the government to force again exporters to hand back their foreign currency revenues to the Central Bank is creating tensions between manufacturers and traders.
After months of continuous decline, the value of the Syrian pound in the local foreign exchange market stabilized in May, although it seems unlikely to regain ground.
Syria’s two main stock indexes declined in May for the second month in a row.
Cham Bank, a Syrian institution under sanctions by the U.S., has said that it sponsored one of the most prominent banking events in the Middle East region.
Three investment banks captured three quarters of the small Syrian brokerage market for stocks last year.
The Syrian stock exchange’s two main indexes fell last month amid low trading volumes.
Updated on April 17 Standard Chartered has finalized a USD 1.1 billion settlement with American and British regulatory authorities for violating economic sanctions on several countries, including Syria.
Blom Bank has said that it would not return to Syria unless western sanctions are lifted, the most explicit statement yet on the reluctance of Lebanese banks to operate in the Syrian market.
A very rare public spat has highlighted tensions between Samer Foz and Rami Makhlouf, Syria’s two most powerful business cronies.
The Commercial Bank of Syria has announced a change in the interest rates it pays on foreign currency deposit accounts.