Syria bet on its financial market to finance the private sector

Syria bet on the reopening of its financial market to be a preliminary source for financing the private sector and saving, according to Finance Minister Mohameder Burniyah, and noted that the exchange of the stock exchange has been a message of reassurance that economic activity in the country has returned to rotation. In response to a question to “Al -Sharq”, on the sidelines of opening the financial markets in Damascus, Buria emphasized that work is underway to develop the market, and adds: “We do not want the market to be a place for speculation and trading, but rather to create opportunities to add new businesses and add financial instruments.” The Damascus security market today resumed its activities to a hiatus that lasted about 6 months, in an official presence, and a wide participation in economic figures, investors and traders, according to the official Syrian news agency “Sana”. The Damascus market as a source of financing for companies, we intend to turn the Damascus security market into a way to attract savings, develop modern financial instruments and create opportunities to create new businesses, and that the first shelter for each Syrian company wants to obtain financing and precede the bank sector, according to the finance minister. In turn, the Syrian Minister of Economics Nidal Al -Haar revealed that more than a thousand foreign investors came to Syria and expressed a desire to invest in sectors ranging between industry, agriculture, petrochemical, minerals, etc., expected investment opportunities to flow to the country in the coming years. The reopening of the Damascus Stock Exchange is coming to a hiatus today that continued since December last year, but the sparkle of the market was in fact afraid since the Syrian Revolution broke out in 2011, where the index subsequently collapsed and the end of 2024 to the end of the Central Bank of the Central Bank of the Central Bank of the Central Bank of the Central Bank of the Central Bank of the Central Bank of the Central Bank of the Central Bank of the Central Bank of the Central Central Bank of the Central Bank was. -Sharq “on the sidelines of the event today that opening the Damascus stock market indicates climate improvement and restoring economic activity in the country, and notes that work is underway to resolve obstacles related to liquidity. and poor transparency in financial disclosures, including poor liquidity, fluctuation of exchange rates and poor transparency in financial disclosure. of transparency in accordance with international systems, as well as encouraging the integration of strong businesses and expanding the basis of inclusion. Earned by moving prices. Most of them in the banking and insurance sectors – were launched with a total capital of about $ 1.2 billion. -Qasim, said that the mission of the government is in the next phase to provide savings instruments that transform savings into the real economy, which indicates that the hope is to attract cash flow to the market that should improve the banking sector. and service sector is what a candidate is to list in the market. The year 2020 and 2021 increased, in light of the accelerated collapse of the Lira legislation, and the standard inflation resulted from the entrance to the “Caesar Act” in June, and the standard inflation resulted from the “2020.