Syria regains World Bank funding after Saudi Arabia and Qatar pay $15.5 million debt
The unpaid amount, owed to the International Development Association (IDA) — the World Bank’s fund for the poorest nations — was fully settled by May 12, reopening Syria’s eligibility for new projects, the bank said in a statement.
“As of May 12, 2025, there are no outstanding IDA credit balances for the Syrian Arab Republic,” the statement read, adding that any future cooperation will depend on Syria meeting World Bank policies.
This development came shortly after US President Donald Trump announced at the 2025 Saudi-US Investment Forum in Riyadh that he would lift “brutal and crippling” US sanctions on Syria, which had been imposed before the fall of the Assad regime.
The day after Trump’s announcement, he met Syrian President Ahmed al-Sharaa in Saudi Arabia — marking the first meeting between the two countries’ leaders in 25 years.
Bashar Assad, who ruled Syria for nearly 25 years, fled to Russia on December 8, 2024, ending the Baath Party’s long-standing control since 1963.
Former Transport Minister Jose Luis Abalos was taken to Soto del Real prison on Thursday following a ruling by Spain’s Supreme Court ordering his pr...
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 ...
Ukrainian President Volodymyr Zelenskiy met Latvian Foreign Minister Baiba Braze in Kyiv on Thursday (27 November)....
Ukrainian President Volodymyr Zelenskyy announced on Thursday that Ukrainian and United States delegations are scheduled to meet later this week to ad...
At least 47 people have died and another 21 are reported missing following ten days of heavy rainfall, floods, and landslides across Sri Lanka, local ...
Former Transport Minister Jose Luis Abalos was taken to Soto del Real prison on Thursday following a ruling by Spain’s Supreme Court ordering his pre-trial detention over a corruption scandal that has embroiled Prime Minister Pedro Sanchez’s left-wing government.
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 residents initially reported missing, authorities confirmed on Thursday.
Ukrainian President Volodymyr Zelenskiy met Latvian Foreign Minister Baiba Braze in Kyiv on Thursday (27 November).
Ukrainian President Volodymyr Zelenskyy announced on Thursday that Ukrainian and United States delegations are scheduled to meet later this week to advance discussions on a proposed ceasefire with Russia.
A passenger aircraft from Polish carrier LOT veered off a taxiway at Lithuania's Vilnius airport after arriving from Warsaw on Wednesday, halting all traffic, the airport operator said.
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 residents initially reported missing, authorities confirmed on Thursday.
The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday morning (23 November), covering nearby villages in ash.
At least 36 people have died in a fire that ravaged a residential apartment complex on Wednesday according to John Lee the chief executive of Hong Kong.
Netflix crashed on Wednesday for about an hour in the U.S. as it launched season five of "Stranger Things", with the service becoming inaccessible to many subscribers within minutes of the episodes going live at 8 p.m. local time.
The wife and son of former Brazilian President Jair Bolsonaro visited the jailed right-wing leader at the Federal Police facilities in Brasília on Thursday, 27 November, following a Supreme Court order for him to begin a 27-year, three-month prison sentence.
Hungarian Prime Minister Viktor Orban said on Thursday (27 November) that his country will hold talks on Friday aimed at securing sufficient Russian crude oil and gas supplies.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
Former Transport Minister Jose Luis Abalos was taken to Soto del Real prison on Thursday following a ruling by Spain’s Supreme Court ordering his pre-trial detention over a corruption scandal that has embroiled Prime Minister Pedro Sanchez’s left-wing government.
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 residents initially reported missing, authorities confirmed on Thursday.
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