FINANCE-

Iran + Syria establish joint bank and ins. institute to help boost joint trade: Iran and Syria will establish a joint bank and ins. institute that can facilitate ins. services for Iranian traders in Syria, Iran’s official Islamic Republic News Agency reports. Iran will hold a 60% stake in the new venture, while Syria will hold a 40% stake. This came during a meeting between Iranian Finance and Economic Affairs Minister Ehsan Khandozi and Syrian Foreign Trade Minister Iyad Al Khatib. The two officials also touched on strengthening trade and investment ties.

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