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Damascus Securities Exchange Resumes Trading After Six-Month Closure

The reopening is designed to draw private investment following last month’s sanctions relief.

Trading on the Damascus Securities Exchange resumed on Monday after a six-month pause that began on December 5, 2024.
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Overview

  • Trading resumed on June 2 after a six-month closure that began ahead of President Assad’s ouster in December 2024.
  • The United States and European Union lifted extensive sanctions in May, enabling renewed cross-border financial flows.
  • Last week, a consortium of Qatari, Turkish and U.S. firms signed a $7 billion agreement to build a 5,000-megawatt energy project.
  • Saudi Arabia committed to financing public-sector salaries under a joint support arrangement with Qatar.
  • Under Ahmed Al-Sharaa’s new government, officials have pledged free-market reforms and to develop the exchange as a private, digital hub.