VOL. XLVI

No 1

6-January-2003

SYRIA

Licensing Of Syrian Private Banks Moves A Step Closer

The Syrian cabinet has given preliminary approval to five Arab banks to establish joint-venture banks with private sector institutions inSyria. In a statement issued on 21 December, the cabinet said that it had given its approval for these banks to take part in establishing private banks in Syria, and asked the Central Bank of Syria (CBS) to continue with the measures relevant to these applications and...