European sanctions inflicted last week on several Syrian investors and companies are disrupting more than expected their business activity.
Syria’s state banks have improved the recovery rate of their bad debts, but loans worth billions of dollars will never be paid back.
Samer Foz has bought an additional stake in Syria’s Islamic lender of which he has become the second largest shareholder.
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.
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.
The DWX closed 2018 with a small decline as the Syrian stock exchange mostly failed to live to its expectations last year.
Only weeks after buying a sizable stake in one of Syria’s largest banks, Samer Foz has invested in another Sharia-compliant financial institution.
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.
Fransabank Syria has announced the resignation of its Lebanese chairman, confirming the dissociation policy adopted by Lebanese banks operating in the country.
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.
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.
Interest in Syria’s securities exchange declined further last month, while two stocks alone attracted more than half of the limited trading.
New taxes by the Ministry of Finance are increasing significantly the price of gold, an important store of value for Syrian households.
The Syrian pound has fallen to its lowest level in a year relative to the dollar and is now close to crossing the 500 mark in the black market.
The Damascus Securities Exchange continued to attract very few investors in October as the daily value of shares traded did not cross the equivalent of USD 182,000.


SyrPower 2011
Damascus International Fairground
Syrian Medicare 2011
Damascus International Fairground