Article

2009-03-11 Syria-Lebanon-Iran

Syria launched its first stock exchange on Tuesday after three years of delay and in the midst of a worldwide financial crisis, in the latest step to liberalize the country's largely state-controlled economy.

Finance Minister Mohammed al-Hussein rang the trading bell at a formal launch ceremony for the Damascus Securities Exchange, which will be open for trading two days a week and currently includes six companies.

Although it began trial operations in late January, its official inauguration Tuesday marked the culmination of a decree issued in October 2006 by president Bashar al-Assad to establish the bourse as part of the government's move to a market economy.

Posted by Fred 2009-03-11 00:00|| || Front Page|| [11132 views ] Top

#1 I bet you it bombs

Posted by Lftbhndagn 2009-03-11 00:53|| 2009-03-11 00:53|| Front Page Top

#2 I'll stand in for Pappy:

Lftbhndagn, go to your room!

;-)

Posted by trailing wife">trailing wife 2009-03-11 08:31|| 2009-03-11 08:31|| Front Page Top

#3 what a marvelously inopportune time to start a stock exchange.

This seems like the inverse corollary to the line about Palestinians _ "They never miss an opportunity to miss an opportunity".

The Syrians in this case are taking an opportunity that doesn't exist.

Posted by Chaviper McCoy1397 2009-03-11 15:12|| 2009-03-11 15:12|| Front Page Top

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