Syria licenses Bank Oudeh to work in Syria

Syria's Cabinet on Tuesday approved approved a memorandum, submitted by the Central Bank of Syria, to give a license to Bank of Oudeh Group Sradar, Bank of Oudeh Sradar for Businesses and Lebanon Invest Company of Abdullah al-Rajihi to establish a private bank under the name of "Bank of Oudeh Syria."

The Cabinet approved also an agreement signed between Syrian and Russian Finance ministries on the settlement of Syria debts to Russia.