Live Update 
From the Liveblog of
Tuesday, July 7, 2015
From the Liveblog of
Tuesday, July 7, 2015
Iran to extend Syria’s credit by $1 billion
Add ToI as a Preferred Source on GoogleSyria’s parliament on Tuesday approves a deal with Iran under which Tehran will provide the government with a new line of credit worth $1 billion, state media says.
The credit line will be the third that Tehran has extended to Damascus since the conflict in Syria erupted with anti-government protests in March 2011.
“The People’s Council today approved a deal on a line of credit of $1 billion,” which was signed on May 19 in Damascus by Syria’s Commercial Bank and the Export Development Bank of Iran, the official SANA news agency says.
It says the credit would be used for “importing merchandise and carrying out projects,” without giving further details.
— AFP
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here