Via Semafor, a report on Qatar’s investment interest in Syria: Qatar’s longtime support for Syria’s rebels is now translating into business deals. The latest is Baladna — the food and beverage firm I helped make famous after scooping their plan to fly cows to Doha during the 2017 embargo — which plans to invest $250 million in […]
Read more »Courtesy of The Financial Times, a report on Syria’s plans to be relinked to Swift payment system after more than a decade of sanctions: Syria will be fully reconnected to the Swift international payment system “in a matter of weeks”, the country’s new central bank governor said, relinking the country to the global economy after […]
Read more »Via The National, a report on a $7bn Qatari-led deal to double Syria’s power supply: Syria on Thursday signed a $7 billion deal with a Qatar-led business group aimed at doubling the country’s power supply, in the latest move to boost its postwar economy. The Syrian government signed an agreement with a consortium of companies led by Qatar‘s UCC Holding […]
Read more »Via The Economist, a look at how – in Syria – ousting Assad may turn out to have been easier than rebuilding the country: For miles around, as far as the eye can see, the eastern suburbs of Damascus are a sea of undulating rubble and skeletal ruins. Part of this razed moonscape was once […]
Read more »Via Reuters, a report that Saudi Arabia plans to pay off Syria’s World Bank debts: Saudi Arabia’s payment may unlock grants for Syria’s reconstruction Gulf Arab support for Syria may be materializing US sanctions complicate Syria’s financial recovery efforts Saudi Arabia plans to pay off Syria’s debts to the World Bank, three people familiar with […]
Read more »Via The Economist, a look at Syria’s economy: IN A SNAKING line to use some cashpoint machines in central Damascus, patience has worn thin. Two men who have been queuing for hours in the winter chill for the chance to withdraw a maximum of $30 come to blows. “I haven’t had cash to feed my boys […]
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