Syrian Finance Minister Mohammed Yisr Barnieh, middle, attends the opening ceremony on the Damascus Securities Alternate in Damascus, Syria, Monday, June 2, 2025. (AP Photograph/Omar Sanadiki)
Omar Sanadiki/AP
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Omar Sanadiki/AP
DAMASCUS — Buying and selling resumed on the Damascus Securities Alternate on Monday after a six-month closure, as Syria ‘s new leaders try to shore up the nation’s battered economic system and start rebuilding after almost 14 years of civil struggle.
The inventory alternate had closed in the course of the chaotic days main as much as the ouster of former President Bashar Assad in a lightning insurgent offensive.
Syrian Finance Minister Mohammed Yisr Barnieh, who attended the reopening, mentioned it alerts that the nation’s economic system is starting to get well and that the inventory alternate “will function as a non-public firm and function a real hub for Syria’s financial improvement, with a robust deal with digital,” state-run information company SANA reported.
He mentioned the nation’s new leaders plan to “facilitate enterprise operations and open doorways to promising funding alternatives.”
The transfer to reopen comes as worldwide restrictions on Syria’s monetary programs start to ease. America and Europe each final month introduced the lifting of a large raft of sanctions that had been slapped on Syria underneath the Assad dynasty’s rule.
Final week, Syria inked an influence deal price $7 billion with a consortium of Qatari, Turkish and U.S. corporations for improvement of a 5,000-megawatt power mission to revitalize a lot of Syria’s war-battered electrical energy grid.
The consortium led by Qatar’s UCC Concession Investments — together with Energy Worldwide USA and Turkey’s Kalyon GES Enerji Yatirimlari, Cengiz Enerji — will develop 4 combined-cycle fuel generators with a complete producing capability estimated at roughly 4,000 megawatts and a 1,000-megawatt solar energy plant.
