Syria's microfinance industry will only succeed if it adopts sustainable growth practices that balance the interests of lending institutions with their clients, Sanabel Board Director Youssef Fawaz told a microfinance conference held in Damascus last month.
The International Organization of Securities Commissions (IOSCO), a grouping of the world's securities market regulators, announced on June 10 that it had accepted Syria as a member.
The total value of assets held by Syria's banking sector has hit a record level of SYP 1.99trn (USD 42.3bn), according to figures released last month by the Central Bank of Syria.
Competition and Antimonopoly Commission meets with French counterparts
A delegation from the Syrian Competition and Antimonopoly Commission (SCAC) made a three-day fact-finding visit to the French Competition Commission (FCC) from May 25 to 28.
The Ministry of Transport issued a directive on June 7 forbidding the registration of new vehicles for car rental agencies. No explanation was given for the announcement.
Bilateral trade between Syria and Lebanon fell by more than 7 percent last year, according to figures released last month by the Syrian-Lebanese Higher Council.
Amid a fireworks display, Bahi Motors launched the BMW X1 model at a ceremony on Mount Qassioun in Damascus, timed to coincide with the FIFA World Cup's Germany-Australia match on June 13.
Flydubai Syria route passenger numbers up 39 percent
Passenger numbers on the Syrian-Dubai routes of low-cost carrier Flydubai have increased by 39 percent in the first year of service, Flydubai's CEO Ghaith al-Ghaith said last month.
Q&A: Anil Babbar Vice President & Chief Executive Officer of Katakit Food Industries
Katakit is a leading Syrian foods company established in 1990 by Mahmoud al-Anzarouti. It started out producing chocolate-coated wafers and today it manufactures more than 60 products including biscuits, confectionery, juices and instant mixes.
Russia’s parliament has ratified an intergovernmental agreement to write off nearly three quarters of Syria’s roughly USD 14.5bn debt from the Soviet era.
Syria's microfinance industry will only succeed if it adopts sustainable growth practices that balance the interests of lending institutions with their clients, Sanabel Board Director Youssef Fawaz told a microfinance conference held in Damascus last month.
Amid a fireworks display, Bahi Motors launched the BMW X1 model at a ceremony on Mount Qassioun in Damascus, timed to coincide with the FIFA World Cup's Germany-Australia match on June 13.
Katakit is a leading Syrian foods company established in 1990 by Mahmoud al-Anzarouti. It started out producing chocolate-coated wafers and today it manufactures more than 60 products including biscuits, confectionery, juices and instant mixes.
