Syria's Assad says funds frozen in Lebanese banks biggest impediment to investment


  • World
  • Saturday, 17 Jul 2021

FILE PHOTO: Syria's President Bashar al-Assad addresses the new members of parliament in Damascus, Syria in this handout released by SANA on August 12, 2020. SANA/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY./File Photo

BEIRUT (Reuters) -Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks.

In a speech after being sworn in as president for a fourth term, Assad said estimates suggested the frozen funds were worth between $40 billion and $60 billion.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. crude oil inventories up last week: API
Feature: French companies geared up for CIIE 2024
Roundup: Over 90 pct of Sudanese school-age children deprived of formal education due to conflict: UNICEF
Feature: Sudanese displaced by conflict strive to rebuild lives in Egypt
Xinhua Middle East news summary at 2200 GMT, April 16
IMF urges central banks to remain vigilant along "last mile" of disinflation
U.S. stocks end mixed after Powell's tough talk on inflation
U.S. stocks close mixed
World Future Energy Summit focuses on energy transition, investment
Finnish gov't announces austerity measures to curb public debt

Others Also Read