The Damascus Securities Exchange has issued a new index that is supposed to better represent trading activity in the exchange.
Syria's Central Bank has raised interest rates on time dollar and euro deposit accounts by 1 percent to attract more deposits in the banking system.
Two state-owned banks have announced new lending schemes as the government seeks to kickstart the economy.
Syria’s state-owned insurance company continues to hold an overwhelming share of the market.
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.
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.
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.
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.
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.
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.
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.


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