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.
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U.S. President Donald Trump and his Russian counterpart have arrived in Alaska for his high-stakes summit with Russia's Vladimir Putin after saying he...
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Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war.
Syria officially announced the launch of its first-ever investment forum with Saudi Arabia on Wednesday, marking a milestone in bilateral relations and Syria’s efforts to revitalize its economy under the new transitional government.
Iranian Foreign Minister Abbas Araghchi held high-level talks with Saudi Crown Prince Mohammed bin Salman (MBS) in Jeddah on Tuesday, marking the first official visit by a senior Iranian official to the kingdom since Iran’s 12-day war with Israel last month.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
The Trump administration is expected to shed roughly 300,000 federal workers in 2025, Office of Personnel Management (OPM) Director Scott Kupor said Thursday.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Naftogaz (NAK) for emergency gas purchases for Ukraine.
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The U.S. budget deficit surged nearly 20% in July to $291 billion despite a significant increase in customs duty collections from President Donald Trump’s tariffs, as government spending outpaced revenue growth.
The National Carrier of Türkiye, Turkish Airlines has announced an increase in the number of its weekly flights to China.
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