Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

SYRIA

Syria Issues Law To Establish Investment Banks

Syria will now be able to establish investment banks under new legislation, Law 56/2010, issued on 25 July. The law defines the investment bank as a financial institution intended to finance private sector investment activities, or to participate in the financing of economic (ie public) sector projects. It will also offer advisory services, issue financial paper, establish companies and...