Trading resumed on the Damascus Securities Exchange after a six-month closure, reflecting Syria's attempts to stabilize and rebuild its economy post-civil war. Finance Minister Mohammed Yisr Barnieh heralded the reopening as a step towards economic recovery, emphasizing the exchange's new role as a private investment hub concentrating on digital capabilities. As international sanctions begin to ease, reopening the exchange opens doors for foreign investments. Additionally, Syria's recent $7 billion energy project agreement aims to restore the electrical grid through combined gas and solar power solutions, vital for the nation’s infrastructure revival.
The reopening of the Damascus Securities Exchange marks a significant step in Syria's effort to revitalize its economy after years of civil conflict.
Finance Minister Mohammed Yisr Barnieh emphasized that the exchange, now operating as a private entity, aims to support Syria's economic development through digital initiatives.
Recent sanctions lifting by the United States and Europe opens new avenues for investment, crucial for reconstructing the war-torn economy.
Syria's $7 billion energy deal involves a consortium aiming to restore the battered electricity grid and includes plans for both gas and solar power.
Collection
[
|
...
]