2 days ago
25
Trading has resumed connected the Damascus Securities Exchange aft a six-month closure, arsenic Syria’s caller leaders effort to enactment up the country’s battered system and statesman rebuilding aft astir 14 years of civilian war
ByGHAITH ALSAYED Associated Press
DAMASCUS -- Trading resumed connected the Damascus Securities Exchange Monday aft a six-month closure, arsenic Syria's caller leaders effort to enactment up the country's battered system and statesman rebuilding aft astir 14 years of civilian war.
The banal speech had closed during the chaotic days starring up to the ouster of erstwhile President Bashar Assad successful a lightning rebel offensive.
Syrian Finance Minister Mohammed Yisr Barnieh, who attended the reopening, said that it signals that the country's system is opening to retrieve and that the banal speech “will run arsenic a backstage institution and service arsenic a genuine hub for Syria’s economical development, with a beardown absorption connected digital,” state-run quality bureau SANA reported.
He said the country's caller leaders program to "facilitate concern operations and unfastened doors to promising concern opportunities.”
The determination to reopen comes arsenic planetary restrictions connected Syria’s fiscal systems statesman to ease. The United States and Europe some past period announced the lifting of a wide raft of sanctions that had been slapped connected Syria nether the Assad dynasty’s rule.
Last week, Syria inked a powerfulness woody worthy $7 cardinal with a consortium of Qatari, Turkish and U.S. companies for improvement of a 5,000-megawatt vigor task to revitalize overmuch of Syria’s war-battered energy grid.
The consortium led by Qatar’s UCC Concession Investments — on with Power International USA and Turkey’s Kalyon GES Enerji Yatirimlari, Cengiz Enerji — volition make 4 combined-cycle state turbines with a full generating capableness estimated astatine astir 4,000 megawatts and a 1,000-megawatt star powerfulness plant.
English (US) ·