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’s economy is showing clear signs of recovery, with economic activity accelerating in recent months, the International Monetary Fund (IMF) said on Wednesday.
Four members of Syria’s Internal Security Forces were killed and two others injured on Monday (23 February) in an attack by the ISIS (Daesh) terrorist group targeting a checkpoint west of Raqqa in northeastern Syria, the Interior Ministry said.
Syria has secured a $50 million financing package from the World Bank to support transport infrastructure projects as the country advances its economic recovery efforts, Syrian media reported on Sunday.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of February, covering the latest developments you need to know.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars 'forever' in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
Türkiye raised its security level for Turkish-flagged vessels in the Strait of Hormuz to Level 3 on Sunday (2 March). The development follows Iranian restrictions on shipping after U.S. and Israeli strikes and confirmation of Supreme Leader Ali Khamenei’s death.
Türkiye’s President, Recep Tayyip Erdoğan, has described the ongoing U.S.–Israeli military campaign against Iran as a “clear violation of international law”, in his strongest remarks yet on the escalating regional crisis.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars 'forever' in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
Kazakhstan has vowed to speed up its investigation into the Azerbaijan Airlines (AZAL) crash near Aktau, as mounting diplomatic pressure and geopolitical tensions push the disaster further into the international spotlight.
Entrances to Iran's underground and previously bombed uranium-enrichment plant at Natanz have been struck as part of the U.S.-Israeli military attacks on the country, the United Nations nuclear watchdog, the International Atomic Energy Agency (IAEZ) confirmed on Tuesday (3 March).
The Israeli military deployed additional forces to southern Lebanon overnight, to take up what a military spokesperson on Tuesday (3 March) described as "defensive positions" aimed at protecting Israeli civilians and strategic sites from potential Hezbollah attacks.
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