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.
Saudi Arabia on Friday unveiled its annual report highlighting the Kingdom’s advancements toward achieving the ambitious goals of Vision 2030 during the year 2024.
The U.S. is set to offer Saudi Arabia a weapons deal worth over $100B during Trump’s visit in May. The package includes advanced systems like drones and C-130 planes, with discussions on F-35 jets. The deal follows Biden’s failed defense pact negotiations.
The United States is preparing to offer over $100 billion in arms sales to Saudi Arabia, according to six sources familiar with the matter. The package is expected to be announced during President Donald Trump’s visit to the kingdom in May.
Indian Prime Minister Narendra Modi arrived in Jeddah on Tuesday for a two-day visit aimed at strengthening economic, energy, and diaspora-related ties with Saudi Arabia.
Saudi Arabia is reportedly planning to pay off Syria’s $15 million debt to the World Bank, according to multiple sources familiar with the matter.
North Korea has officially acknowledged it deployed troops to support Russia’s war against Ukraine, calling it a demonstration of its firm alliance with Moscow.
The Indian Navy has tested anti-ship missiles after a deadly Kashmir attack further strained already fragile ties with Pakistan.
Greenland’s prime minister has ruled out any U.S. takeover of the Arctic territory, stressing that Greenland is not a piece of property to be bought.
Thousands of Pakistanis gathered in Lahore to express solidarity with Palestinians, launching a new alliance to coordinate protests and boycotts.
President Ilham Aliyev extended condolences to Iranian President Masoud Pezeshkian over the Shahid Rajaee Port explosion in Bandar Abbas, expressing deep sorrow and wishing a speedy recovery to the injured on behalf of himself and the Azerbaijani people.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
The Trump administration is considering reducing tariffs on Chinese imports, aiming to ease tensions with Beijing as trade negotiations continue, a source familiar with the matter said on Wednesday.
North Korea has officially acknowledged it deployed troops to support Russia’s war against Ukraine, calling it a demonstration of its firm alliance with Moscow.
The Indian Navy has tested anti-ship missiles after a deadly Kashmir attack further strained already fragile ties with Pakistan.
Greenland’s prime minister has ruled out any U.S. takeover of the Arctic territory, stressing that Greenland is not a piece of property to be bought.
Thousands of Pakistanis gathered in Lahore to express solidarity with Palestinians, launching a new alliance to coordinate protests and boycotts.
President Ilham Aliyev extended condolences to Iranian President Masoud Pezeshkian over the Shahid Rajaee Port explosion in Bandar Abbas, expressing deep sorrow and wishing a speedy recovery to the injured on behalf of himself and the Azerbaijani people.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment