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Syria’s Parliament Okays Private Banks Bill

will be supervised by Syria's central bank.  The bill, which will come into effect once President Assad ... decision on Thursday to pass a law allowing the establishment of private banks in the country for the first ... of private banks in the country for the first time in nearly four decades, reports said.   The law ...

18/05/2010 - 18:41 - comment 0

In pretty bad shape - Syria’s economy 9-months into the crisis

US, or Arab World will have to do so via Beirut or Amman. The Central Bank of Syria has now also ... transactions, neither with the Syrian government nor the central bank." Lebanese Central Bank Governor Riad Salameh pointed out, however, that Damascus has no money deposited in the Central Bank of Lebanon. Similar ...

09/01/2012 - 18:01 - comment 0

Sanctions-hit Syria eyes Lebanon, Iraq economic corridors

Governor Riad Salameh recently denied Syria’s government or national bank had any assets in the Lebanese ... “Lebanon and Iraq could turn into Syria’s lungs, ... explicitly breaching the restrictions, experts say. “Lebanon and Iraq could turn into Syria’s lungs, ...

06/12/2011 - 10:26 - comment 0

Syria sets exchange rate

Syria’s central bank set the exchange rate ... (BUSINESS, Forex, Main headlines, Syria) Syria’s central bank set the exchange rate of the pound ... its value since the start of the ongoing conflict in 2011. Syria’s central ...

16/04/2013 - 12:38 - comment 0

BMG seeks investors for Syria’s first Islamic bank

procedures for the opening of Syria’s first Islamic Bank. The company extended a partnership proposals ... completing official procedures for the opening of Syria’s first Islamic Bank. The company extended ... Al-Ghalayini told Al-Hayat . Syria’s first Islamic bank will be based in Damascus, with future branches ...

15/08/2010 - 14:40 - comment 0

EIB mulls €40 million loan to Syria’s Industrial Bank

Syria’s state owned Industrial Bank is negotiating a €40 million loan with the European Investment Bank (EIB). The facility would have an annual interest rate of four percent over a period of 12 years Syria’s state owned Industrial ...

15/08/2010 - 11:35 - comment 0

Syria’s Arab League suspension will spare Beirut markets

Saturday’s decision to suspend Syria’s membership ... Saturday’s decision to suspend Syria’s membership in the Arab League is not expected to put any additional ... Trade, Featured Articles, Lebanon) Saturday’s decision to suspend Syria’s membership in the Arab ...

14/11/2011 - 17:01 - comment 0

IFC invests $3 million in Syria’s first private bank

the private sector arm of the World Bank Group, has formalized a three million dollar equity investment for a 10 percent shareholding in Bank of Syria and The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has formalized a three million dollar ...

15/08/2010 - 11:23 - comment 0

Bank to Issue Syria’s First Credit Card

The Commercial Bank of Syria (CBS) is planning ... the bank's The Commercial Bank of Syria (CBS) is planning to issue the country's first ever credit card early next year as part of efforts to improve the bank's services, its ...

18/05/2010 - 16:44 - comment 0

Syria’s budget for banking sector estimated at SP 679.9 billion

of the local banking sector at SP 679.9 billion, of which SP 275.9 billion is in foreign currencies. Official Syrian sources estimate the cumulative budget of the local banking sector at SP 679.9 billion, ... of banking commissions hit SP 24 billion starting from the beginning of the nineties and through last year. ...

15/08/2010 - 22:48 - comment 0