Stock trading from the exchange rate on the Stock Exchange in Damascus again began yesterday after six months of cessation of work, as a sign of the Syria economy after almost 14 years of civil war.
This stock exchange is closed directly to the overthrow of the former President Bashar Al Assad from the authorities, and the opening is the result of the weakening of international sanctions on the Syria financial systems.
Finance Minister Syria Mohammed JiR Barnie said that this is a sign that the economy was beginning to recover, and that this stock market is to operate as a private company and be the center of economic development, with the focus on the digital sector, the State News Agency SANA. He said that new land leaders plan to facilitate business and open door to investment opportunities, eKapija.
The United States (USA) and the European Union (EU) announced last week that Syria would abolish sanctions that were in force during the rule of the Assad family. Syria signed an energy contract worth seven billion dollars last week with the consortium of Qatar, Turkish and American Energy Project Development Companies for a large part of the Syrian mains, affected by the war.
Companies plan to develop four gas turbines of the combined cycle, with a total production capacity of about 4,000 megawatts and a 1000 megawatt solar power plant.
