Syria's General Authority for Land and Sea Ports has signed an $800 million agreement with UAE's DP World to strengthen port infrastructure and logistical services, according to state news agency SANA.
The agreement, finalised on Sunday, builds on a memorandum of understanding signed between the two parties in May. It focuses on developing a multi-purpose terminal at Tartous on Syria’s Mediterranean coast and includes cooperation in establishing industrial and free trade zones.
The signing ceremony was attended by Syrian President Ahmad al-Sharaa, highlighting the importance Damascus places on reviving its maritime gateways as part of broader reconstruction efforts.
The deal comes just weeks after U.S. President Donald Trump signed an executive order ending a U.S. sanctions programme on Syria. The move aims to reintegrate Syria into the international financial system and support the country’s economic rebuilding after years of civil war.
Ending U.S. sanctions is expected to facilitate humanitarian aid, attract foreign investment, and ease trade restrictions, providing a crucial boost for Syria’s fragile economy.
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Syria on Wednesday finalised 12 major investment agreements totalling $14 billion, part of an ongoing effort to repair its economy and infrastructure after more than a decade of civil conflict.
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, spoke to journalists at the ceremony marking the launch of natural gas transit from Azerbaijan to Syria via Türkiye.
Syria is set to boost its daily electricity supply from around four hours to nearly ten, as natural gas from Azerbaijan begins flowing through a newly restored pipeline via Türkiye, according to a senior official from the Syrian Ministry of Energy.
A high-level ministerial meeting between Syria and Israel is scheduled to take place on Thursday in Baku, Azerbaijan, to address rising security concerns in southern Syria, a diplomat told AFP, and according to The Times of Israel.
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.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
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.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
President of the Republic of Azerbaijan Ilham Aliyev gave an interview to a select group of Azerbaijani journalists in Washington on August 8, including our correspondent Oubai Shahbandar.
A Russian drone attack on Ukraine’s southern Odesa region has damaged an oil depot belonging to Azerbaijan’s state oil company, SOCAR, and left four people injured, industry sources told Reuters.
During President Ilham Aliyev’s visit to Washington, officials from Azerbaijan and the United States discussed expanding economic collaboration and boosting strategic innovation partnerships.
Azerbaijan, Armenia and the United States signed landmark agreements in Washington on August 8, marking progress in the South Caucasus peace process and opening a new stage in U.S.–Azerbaijan relations.
Nikol Pashinyan and U.S. envoy Steve Witkoff discussed strengthening Armenia-U.S. strategic relations ahead of planned trilateral meetings at the White House.
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