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Headline: Coming in from the cold Source: Euromoney Date: October 2000 Author: Charles Olivier After 40 years of self-imposed isolation, Syria has finally opened its doors to foreign banks. Last month the economy minister Mohammed al-Imadi issued banking licenses to the three Lebanese institutions: Banque Européene pour le Moyen Orient, Fransabank and Société Générale Libano-Européene de Banque (SGLEB). This is the first time private, let alone foreign banks, have been allowed to operate in Syria since the sector was nationalized in 1960. |
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