Financial and Banking News

AID FLOWS

EC Resumes Aid to Syria

The European Community has agreed to resume the disbursement of aid to Syria, following the lifting Of the ban on senior diplomatic contacts with Syria, Syria's agreement to pay debit arrears to the European Investment Bank (EIB), and the visit to Syria by the EC's North South Commissioner, Mr. Claude Cheyssoa, on 4-6 September.

The EC will disburse funds from the second financial protocol, consisting of around $9mn for...