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Syria to Print New Currency in UAE and Germany, Ending Russian Involvement
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17.05.202517.05.2025Economy

Syria to Print New Currency in UAE and Germany

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Syria is planning to print a newly-designed currency in the United Arab Emirates (UAE) and Germany, moving away from its previous reliance on Russia. This shift comes as Syria aims to strengthen its ties with Gulf Arab and Western nations, motivated by new opportunities following the loosening of U.S. sanctions. Three sources confirmed this development,...

Syria and DP World Sign $800 Million Agreement for Port Development
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16.05.202516.05.2025Business

Syria and DP World Sign $800 Million Agreement for Port Development

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The Syrian government has entered into a memorandum of understanding with DP World to develop the port of Tartous, with the deal valued at $800 million. This agreement was reported by the Syrian state news agency SANA and follows the recent lifting of U.S. sanctions, which had previously hindered such developments. The agreement encompasses the...