image description
image description
Tell A Friend

FinancialNews


  • 26-07-10

    Syria introduces financial reforms

    (MENAFN) The Syrian government said that it will allow investments banks to do business in the country, as the government extends its liberalization of the financial sector, Reuters reported. The official news agency said the government had set $429 million as the minimum capital at which investment banks could open and would allow the transfer of profits from operations abroad for foreign shareholders and Syrian expatriates. Privately owned commercial banks opened in Syria seven years ago. It marked a big shift in the economy, which was heavily nationalized after the ruling Baath Party took power in 1963, and banned any opposition and imposed emergency law still in force. More than 13 private sector banks now operate in the country, alongside six government banks.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved