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| Syria-Lebanon-Iran |
| Syria launches first stock exchange |
| 2009-03-11 |
| 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 |
| #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 |
| #2 I'll stand in for Pappy: Lftbhndagn, go to your room! ;-) |
| Posted by: trailing wife 2009-03-11 08:31 |
| #1 I bet you it bombs |
| Posted by: Lftbhndagn 2009-03-11 00:53 |