Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
This move marks Saudi Arabia's first known financial involvement with Syria since the fall of Bashar al-Assad's regime. It is seen as a step toward Gulf Arab support for Syria, which had been delayed due to concerns over U.S. sanctions.
The countries also called for international financial institutions to resume operations in Syria, helping the country access funds for key developmental sectors.
Read next
17:00
Riyadh Meeting
Turkish Foreign Minister Hakan Fidan and his Saudi counterpart Prince Faisal bin Farhan convened in Riyadh for the second session of the Turkish-Saudi Coordination Council, aiming to strengthen ties and address regional challenges.
23:58
U.S. President Donald Trump has not yet taken delivery of the $400 million Boeing 747-8 jet gifted by the Qatari royal family.
15:14
nuclear talks
Saudi Arabia fully supports the ongoing nuclear negotiations between the U.S. and Iran, Foreign Minister Prince Faisal bin Farhan Al-Saud said, expressing hope for a constructive outcome that could ease regional tensions.
18:38
World News
U.S. President Donald Trump kicked off his Gulf tour with a high-profile visit to Saudi Arabia, securing a major strategic economic agreement and pledging deep investment ties between the two nations.
16:00
artificial intelligence
Saudi Crown Prince Mohammed bin Salman has launched HUMAIN, a Public Investment Fund (PIF)-owned company focused on advancing artificial intelligence, with plans to become a global leader in AI technologies and infrastructure
What is your opinion on this topic?
Leave the first comment