Wednesday, March 9, 2011

Al Aman -- Iran-Syria Joint Bank

Iran's Minister of Economy and Finance Shamseddin Hosseini announced in Tehran the establishment of a joint Iranian-Syrian bank. Al Aman, the joint bank, will have branches inside Iran and Syria, Hosseini said. He also said that the building of the bank in Syria has been purchased [Mehr News Agency, 9 March].

On a related development, Iran and Syria signed a new trade agreement reducing all existing tariffs to four percent within five years.

No comments: