Damascus-syriandays:

 

In serious steps to pave the way for more banking investment, Syria has raised foreign contribution in private banks from 49 to 60%.

 

Head of the Syrian Securities Exchange Commissioners Muhammad al-Imadi described the move as important to develop the banking sector in Syria and broaden its horizons, adding that it will attract major world banks.

 

Other experts hold that the move is to lead to competitiveness with the Syrian banks; a positive step as reflected by vying to earn the trust of agents.

 

Earlier, Deputy Prime Minister for economic affairs Abdullah al-Dardari said the aim of the move is to attract the reputable world banks in a way that reflects positively on national economy.