Middle East Economic Survey
Kuwaiti Investors Plan Private Islamic Bank In Syria
A group of Kuwaiti investors, including Investment Dar Company, Commercial Bank of Kuwait and Alshall Consulting and Investment Company, has submitted an application to the Central Bank of Syria to establish the first Islamic bank in the country. The new private joint venture, to be known as Damascus Bank, will have a capital of $185mn and will be owned 49% by...
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