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UAE and Syria central banks sign financial cooperation agreement

Original: UAE, Syria central banks sign MoU to deepen financial cooperation

The central banks of the United Arab Emirates and Syria have signed a memorandum of understanding aimed at deepening financial cooperation between the two countries. The agreement, reported by regional media, signals a further step in the UAE's engagement with Damascus as Syria reopens to regional economic ties. Details of the specific areas covered by the memorandum have not yet been disclosed.

Why now: The UAE's renewed financial engagement with Syria marks a notable step in the normalisation of regional ties with Damascus.

United Arab Emirates central bankCentral Bank of SyriaUAESyria

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