Aug 1, 2023, 12:54 PM
Journalist ID: 5331
News ID: 85186542
T T
0 Persons

Tags

Iran, Syria initiate joint bank, insurance institute

Aug 1, 2023, 12:54 PM
News ID: 85186542
Iran, Syria initiate joint bank, insurance institute

Tehran, IRNA – Minister of Economic Affairs and Finance of Iran Ehsan Khandouzi has declared the establishment and operation of a joint bank and insurance institute by Iran and Syria.

After his meeting with Minister of Economy and Foreign Trade of Syria Mohammad Samer Al-Khalil and Minister of Communications and Technology of Syria Iyad Mohammad Al-Khatib, Khandouzi told reporters that given the determination of both states to grow trade and investment cooperation, we needed Iranian traders and investors to be able to receive special insurance services in Syria and also carry out financial and banking transfers more easily in the Arab country.

The two good conditions are now ready, he said, announcing that the efforts paid off in both setting up a joint insurance company with the contribution of a consortium of Iranian insurance companies accompanied by the Syrian side and establishing a joint bank with 60% Iranian and 40% Syrian shares.

Khandouzi went on to say that the Syrian market, both in terms of trade and investment, is untapped, which can provide Iranian companies, producers, investors, and traders with an excellent opportunity.

4208**9417

0 Persons

Related News

Your Comment

You are replying to: .