AbdulHameed Dashti (8)


The Syrian government has reportedly awarded Ihab Makhlouf the contract to manage seven duty-free markets on the country’s border areas just a few weeks after cancelling a similar contract with his brother Rami, according to local and regional media outlets.


Delays in the Marota City project are generating increasing criticism, including from a prominent Iran-linked investor who believes the project may eventually die.


The Kuwaiti bourse blocked trading on shares of Marakez following a decision by that company to divest from a large project in the Syrian coastal area. Meanwhile, confusion also surrounds another large resort near Tartous.


A Kuwaiti company is considering selling its stake in a large tourism project located on Syria’s coast.


The main index of the Damascus Securities Exchange rose 0.54 percent in a week that saw a large deal on Al-Aqeelah Takaful Insurance stocks.


A court decision has blocked the transfer of ownership of shares owned by two of the largest shareholders in Al-Aqeelah Takaful Insurance Company (ATIC).


Al-Aqeelah Takaful Insurance launched on August 26 an initial public offer for 51 percent of its share capital.


Damascus is to have its own World Trade Centre, according to Abdul Hamid Dashti, the Damascus representative of the WTC Association.