- Stocks resumed bidding in DamascusA promising sign for Syria’s restoration. With the new government and US sanctions, leaders seek to turn Syria into such an economy in a free market that can attract the investment necessary to restore.
On Monday, the Syrian exchange resumed for the first time after President Bashar al -Assad was rejected.
After a six -month break, started a few days before the siege mode fail, Damascus Securities Exchange resumed trade. The Exchange closed in early December as a result of a quick and clinical and clinical rebel offensive This eventually took the capital and forced siege in exile.
Syrian Finance Minister Mohammad Yusr Barnya took part in the opening ceremony in Damascus. At the event, he pointed to the stock exchange as a sign of a wide economic restoration of Syria. The Exchange “will work as a private company and serves as a real center for Syria’s economic development, with a high emphasis on digital,” Barnie said, according to the comments reported by the state agencies of San.
The opening of the stock market is part of Syria’s plans to restore the country and its economy after 14 years of civil war. The new Syrian government used by former al -Kaid Ahmed al-SharaaHe promised to act on the principles of the free market, not in the managed state economy of Assad.
Barnia once again confirmed the importance of the private sector during his comments on Monday.
“Our approach is focused on justice, justice, private sector leadership and attracting investment,” he said. “We will promote business operations and open the door for promising investment capabilities.”
Seeking to facilitate the restoration of Syria, USA and Europe raised extensive sanctions It is located in the country. Among the lifted restrictions were banned from US citizens and companies to do any business in Syria.
In recent weeks, Syria has already succeeded in providing some initial investments to the country that have been destroyed by more than a decade of war. A group of investors from the US, Qatar and Turkey have signed $ 7 billion with a new Syrian government to develop an energy project that predicts about $ 5,000. The deal, however, does not include direct participation of US companies; Instead, the American subsidiary of Qatari Energy Company Power International will take part in the project.
The signing of the agreement was presented by the recently appointed US Ambassador to Syria Thomas Barak, calling on the countries representing “A” A “A” tapestry Commercial and cooperation “, starting with the rise of sanctions.
“President Trump has made a bold decision that he would remove slavery for 50 years in an instant,” Barack said of the US sanctions at the signing ceremony last month.
Elsewhere in the Arab World also Saudi Arabia paragraph Additional economic and financial support for Syria. Saudi Arabia will finance wages in the public sector in an agreement, which also includes Qatar. At a meeting last week, Foreign Minister Saudi Arabia, Prince Bin Farhan, said that investors from his country would visit Syria in the coming months to start considering transactions related to telecommunications, agriculture, infrastructure and oil.
Originally this story was presented on Fortune.com
