Report: Syria to open stock exchange market in 2006
Syria is due to open its stock exchange market in the first half of 2006 at the old headquarters of the Ministry of Supply, al-Thawra daily reported Sunday.
Chairman of Syrian Chambers of Commerce Rateb al-Shalah said that transparency and adequate accounting system are the main factors for making the Syrian stock exchange market a success, the daily added.
Shalah noted that Syria was able to lure huge capitals during the last year which reflected strong confidence in the Syria economy as a promising economy.
For his part, Chairman of the Syrian-Saudi Businessmen Council and Executive Director of BMG Company for Saudi Monetary Consultations Basel al-Galayni said that the Syrian stock exchange market constitutes "a good option for attracting Arab and foreign investments and companies."
He added that BMG company opened a bureau in Damascus due to the importance of investment in Syria, asserting that the BMG Company encourages Gulf investors to establish joint projects in Syria.