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 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 OilPrice.com, a report that Qatar will supply natural gas to Syria’s new government: Qatar is set to supply Syria with natural gas via Jordan with Washington’s approval, Reuters has reported. Qatar was one of the fiercest opponents of the deposed Bashar al-Assad and one of the strongest supporters of the rebels-turned rulers currently in charge. The […]
Read more »Via Noema, a report on how a railroad that once linked Damascus to Medina, its tracks and stations now crumbling into the desert or destroyed by treasure hunters, could help stitch a fragmented region back together: In the center of this city in southern Syria is a long, rectangular warehouse constructed of black basalt. It […]
Read more »Via the Peterson Institute for International Economics, a report on Syria’s debt: Syria is in dire economic straits. The brutal civil war that lasted from 2011 to 2024 ended with the fall of the regime of President Bashar al-Assad. The country was effectively divided into several parts, each run by different rebel groups. The civil […]
Read more »