UPDATE 1-Syria ratifies fresh $1bln credit line from Iran
Syrian President Bashar al-Assad has signed a law ratifying a $1 billion credit line from top regional ally Iran, Syria's state news agency SANA said in a newsflash on Wednesday, funds which will help ease economic strains from the costly war. The agreement was between two state-owned banks, the Syrian Commercial Bank and Export Development Bank of Iran, it said. Iran signed a previous $3.6 billion credit line with Iran in July 2013 which has been used up mostly for oil imports, bankers have said. The new deal was signed on May 19 and ...
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