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.
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Thousands gathered in Nagasaki on Saturday to commemorate the 80th anniversary of the city’s atomic bombing, with Mayor Shiro Suzuki warning that ongoing global conflicts risk bringing the world to the brink of nuclear war.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of August, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy on Saturday reaffirmed that Ukraine would not cede any of its territory, stressing that “Ukrainians will not give their land to occupiers”.
Kazakhstan has started construction of its first nuclear power plant near Ulken village, with completion expected in 2035-2036.
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.
Thousands gathered in Nagasaki on Saturday to commemorate the 80th anniversary of the city’s atomic bombing, with Mayor Shiro Suzuki warning that ongoing global conflicts risk bringing the world to the brink of nuclear war.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of August, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy on Saturday reaffirmed that Ukraine would not cede any of its territory, stressing that “Ukrainians will not give their land to occupiers”.
U.S. President Donald Trump announced on Friday that he will meet Russian President Vladimir Putin in Alaska on 15 August to negotiate an end to the conflict in Ukraine. The summit, confirmed by the Kremlin, is expected to focus on a long-term peaceful resolution.
According to Bloomberg News, the United States and Russia are working toward an agreement aimed at halting the war in Ukraine by formalising Russia’s occupation of territories seized during its invasion.
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