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Syria’s banking rebuild creates opening for fintechs filling the gaps
A handful of locally-founded and international fintech players are stepping in to fill the gaps the formal banking system has…
FATF brings Iraq back on gray list, raising compliance hurdles for foreign capital
Some foreign banks could opt to stop transacting with Iraqi counterparts altogether as compliance controls become more complicated
Foreign investors eye Syria’s cement industry
Plus: OPEC+ bumps up production quota
Syrian diaspora investors emerge as the bridge between global capital and post-Assad reconstruction
The early money going into Syria has largely been Saudi and Qatari, and was mostly early stage
EgyptAlum + Alba’s USD 3 bn refinery gets int’l lender interest, CMA CGM expands Middle East footprint
Plus: AD Ports tightens Fujairah logistics network
The Central Bank of Syria has a new governor, but his credentials are thin
Raslan will be CBS’ third governor in less than two years
Alabbar plans USD 18 bn fund to invest in Syria
The investments would be skewed more heavily towards real estate development projects, with around USD 5-7 bn earmarked for coastline…
Syria’s sanctions era comes to an end as UAE + IOCs eye more investments
The vote of confidence comes as more foreign investors circle a wide range of sectors in the country, such as…
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