Syrian stock exchange reopens after a 6-month hiatus as part of U.S.-led push for a new free market economy

• Stocks continue to sell Damascusa promising sign for Syria recovery. With a new government in the area and US Passawa, leaders push to make Syria different from economic free market that can impress the investment that it should build self.

On Monday, the Syrian Stock Exchange was renamed for the first time since President Bashar Al-Assad was expelled.

After a six-month hiatus, days started before the Assad regime’s toppling, the exchange of Damascus securities continues to sell. The stock exchange closed earlier in December of lead to speed and clinic rebel offending that finally took the capital and Assad is forcibly in exile.

The minister of Syrian’s finance Mohammad Yusr Barniyeh attended the opening ceremony in Damascus. In activity, he set the stock exchange as a sign of economic recovery in Syria. The stock exchange “acts as a private company and serve as a true hub for the economic growth of Syria,” as the comments reported at the News-Run News Agency.

The stock market opening is a part of Syria plans to build the country and its economy after 14 years of civil war. The New Government Government, Hushmed by former member of Al Qaeda Ahmed Al-SharaaPromise to operate under principles of free market rather than controlled state economy in assad rule.

Barniyeh repeated the importance of the private sector in his comments on Monday.

“Our procedure is centered on fairness, equity, private sector, and persuading investment,” he said. “We can facilitate business operations and open doors to investment opportunities.”

In an effort to lighten the rebuild of Syria, the US and Europe both lifted many sanctions It is placed in the country. Among the restrictions elevated are those who prohibit citizens and US company to do any business at all in Syria.

In recent weeks, Syria has succeeded in securing some initial investments in the country, destroyed by more than a decade of war. A group of investors from the US, Qatar, and Turkey signed a $ 7 billion agreement with the New Syrian Government to develop 5,000 megawatts. The deal, however, does not include direct participation in US companies; However, the American subsidiary of Qatari Energy Company Company International will participate in the project.

Signing Agreement showed newly appointed US Ambassador in Syria Thomas Barrack, which encourages countries represented “a Dugtawan In commercial and cooperation, “starting to lift penalties.

“President Trump made a bold decision that he would break the slavery in 50 years suddenly,” Barrack said about the penalties of us in the last month.

Somewhere in the Arab world, Saudi Arabia is also PROMISE additional economic and financial support in Syria. Saudi Arabia will cost a public-sector’s salary of an arrangement that also includes Qatar. In a meeting last week, Saudi Foreign Minister Prince Faisal Bin Farhan said investors from his country would visit Syria in the coming months to start looking into deals related to telecom, agriculture, infrastructure, and oil.

This story originally shown Fortune.com

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