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.
Kazakhstan has elected its first unicameral Kurultai, bringing into force a sweeping political overhaul launched less than a year ago. The vote mar...
Syrian and Israeli officials held U.S.-brokered talks in Jordan on Sunday to ease tensions after an Israeli strike on a Syrian airbase near Tü...
Uzbekistan is looking to Singapore as it builds a fintech ecosystem designed to attract global investment, technology companies and talent....
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Syrian and Israeli officials held U.S.-brokered talks in Jordan on Sunday to ease tensions after an Israeli strike on a Syrian airbase near Türkiye last week.
Kazakhstan has elected its first unicameral Kurultai, bringing into force a sweeping political overhaul launched less than a year ago. The vote marks a major step in implementing the country’s new Constitution.
Uzbekistan is looking to Singapore as it builds a fintech ecosystem designed to attract global investment, technology companies and talent.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Azerbaijan and Uzbekistan have moved to deepen their strategic partnership, with President Ilham Aliyev’s state visit focusing on political ties, education, culture and stronger links between Central Asia and the South Caucasus.
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