Syria to establish a stock market Soon
Syria, Economics, 6/4/2005

Syrian People's Assembly (Parliament) discussed Thursday a draft law of establishing an organizing called "the Board of Syrian Financial Papers and Markets" (Bourse).

"It is an economic as much as a social need," al-Thawra daily quoting Finance Minister Mohammed al-Hussein as saying.

"It will be a governmental board that works on organizing the economic sector in the country as well as undertaking a stock market establishment," the minister said, pointing out at the importance of issuing such a law.

Al-Hussein clarified that a new law and several rules to control the stock market are under discussion in order to guarantee investments attraction and protect citizens' capital.

This step is paving the way for a real exchange market in Syria which will increase investment opportunities, improve the social situation in the country and meet the demands of EU partnership, a matter that may open the way for many EU companies to contribute to the Syrian markets and investments.

Previous Stories:
  Syria to license private insurance companies   (6/2/2005)
  Syria encourages tourist, investment sectors   (5/31/2005)
  Syria closes the file of debts with Russia   (5/30/2005)
  People's Assembly to study a report on stock markets   (5/18/2005)
  Premier receives Istanbul stock market chairman   (5/17/2004)

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