Saudi-Syrian joint bank pact
On behalf of the Central Bank of Syria, an agreement has been reached with the Saudi-Syrian Business Council to establish a joint bank between the two countries to strengthen banking cooperation and investment. This collaboration aims to facilitate direct and organized banking transfers between Syria and Saudi Arabia, in addition to providing more efficient banking channels to support major investment projects in the tourism and real estate sectors. Officials also emphasized the importance of developing money transfer mechanisms between the two nations, highlighting the Council's role in attracting and implementing long-term projects that meet the needs of the Syrian economy, as well as enhancing trust and stability in the markets through advanced electronic payment procedures and improved banking services.
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