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Economy>>Morgan Stanley to Contribute in Developing Syrian Banking System

Morgan Stanley to Contribute in Developing Syrian Banking System

Mar 09, 2010

Damascus, (SANA)- Chairman of the Board of Directors of Morgan Stanley Bank John Mack said Syrian economy has developed rapidly over the past few years.

During a meeting with Deputy Prime Minister for Economic Affairs Abdullah al-Dardari on Tuesday, Mack said Syria has opened great investment opportunities for global banks and financial institutions.

Discussions dealt with means to develop the banking and fiscal system in Syria.

Both sides suggested establishing advisory banks to develop infrastructure projects and the stock exchange market in Syria.

Al-Dardari pointed to the recently issued financial legislations and regulations that contributed to pushing forward the process of economic reform undertaken by the government.

Morgan Stanley is a global financial services provider based in New York, the United States. It serves a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world.

H.Said /Idelbi /Zahra

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