Saudi Arabia announced Thursday it will provide Syria with 1.65 million barrels of crude oil to help the country rebuild its economy and infrastructure after nearly 14 years of civil war.
The agreement was formalised through a memorandum of understanding signed by Sultan Al-Marshad, CEO of the Saudi Fund for Development, and Syria’s Energy Minister Mohammad al-Bashir.
According to the Saudi Press Agency, the grant is intended to enhance the operations of Syrian refineries and reflects Riyadh’s ongoing efforts to improve living conditions for Syrians.
Syria, once self-sufficient in oil, has faced economic collapse due to the war and international sanctions.
Earlier this month, Syria exported 600,000 barrels of oil from the coastal city of Tartous, signaling a cautious return of investment in the energy sector. However, analysts note that recovery remains slow and fragile.
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The Middle East conflict remains tense as diplomatic efforts continue alongside renewed Houthi attacks. Iran says it remains open to mediation, while the Saudi-led coalition says it intercepted a ballistic missile fired towards the kingdom.
Rescuers searched the wreckage of two high-speed trains in central Spain on Thursday as the death toll rose to a provisional 74, making it the country's second fatal high-speed rail disaster this year.
Evacuations and the provision of humanitarian aid in the Russian-occupied southern Ukrainian town of Oleshky have begun, a senior Ukrainian official said on Friday. In a statement on Telegram, David Arakhamia said a six-day ceasefire was holding, and that more details would follow.
Qatari mediators returned to Tehran on Friday as part of efforts to reach a deal between the U.S. and Iran, according to an official briefed on the talks.
UN human rights experts comprising a group including Special Rapporteurs and independent experts who are part of the UN Human Rights Council, have criticised French authorities over their handling of nationwide student protests.
China’s GJ-21 carrier-based stealth reconnaissance and strike drone has completed its first take-off and landing on board the Sichuan, the country’s first Type 076 amphibious assault ship, state media reported on 30 October.
A powerful El Niño is driving extreme weather worldwide, leaving millions facing drought, wildfires and destructive storms as governments scramble to respond to the growing crisis.
A high-speed train involved in Wednesday's deadly collision in Spain was travelling at between 160 and 200 kilometres per hour, far above the 40 km/h safety limit, according to a preliminary investigation published on Friday.
Evacuations and the provision of humanitarian aid in the Russian-occupied southern Ukrainian town of Oleshky have begun, a senior Ukrainian official said on Friday. In a statement on Telegram, David Arakhamia said a six-day ceasefire was holding, and that more details would follow.
Hackers have pulled off a staggering $6.3 billion cryptocurrency heist targeting Binance, shaking confidence in one of the world's biggest digital asset exchanges and sending crypto prices tumbling. U.S. analysts suspect North Korea was behind the attack.
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