Syrian Finance Minister Mohammed Yisr Barnieh, heart, attends the opening ceremony on the Damascus Securities Change 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 Change 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 practically 14 years of civil conflict.
The inventory alternate had closed through 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, stated it alerts that the nation’s economic system is starting to recuperate and that the inventory alternate “will operate as a private company and serve as a genuine hub for Syria’s economic development, with a strong focus on digital,” state-run information company SANA reported.
He stated the nation’s new leaders plan to “facilitate business operations and open doors to promising investment opportunities.”
The transfer to reopen comes as worldwide restrictions on Syria’s monetary programs start to ease. The US and Europe each final month introduced the lifting of a large raft of sanctions that had been slapped on Syria below 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 growth 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 gasoline generators with a complete producing capability estimated at roughly 4,000 megawatts and a 1,000-megawatt solar energy plant.
