Private Banking Gets Green Light
- Share via
Syria’s ruling Baath Party has approved the establishment of private banks for the first time in almost 40 years and took preliminary measures to establish a stock market and to let the Syrian pound float, according to the official Syrian Arab News Agency. New banks will be set up either as private joint-stock companies or will be jointly owned by the government and the private sector, the agency said. The steps taken Saturday reflect the country’s recent efforts at economic reform since Bashar Assad became president in July following the death of his father, President Hafez Assad.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
John Orr was a renowned fire investigator who was also a prolific arsonist, and whose thinly veiled novel helped to convict him. In this episode we hear from the fire captain who first suspected him—and from Orr himself.
Madison McGhee is joined by legendary Dateline host Josh Mankiewicz and esteemed L.A. Times Reporter Richard Winton as the three of them dive into all-things Menendez Brothers, the good, the bad, and the still unknown.
NPR climate editor Sadie Babits talks about why the media has long overlooked the climate crisis, and how that’s starting to change.
