Latest news with #Hamzaal-Mustafa
Western Telegraph
an hour ago
- Business
- Western Telegraph
Syria and Saudi Arabia sign investment deals worth £4.4 billion
The agreements signed at the Syrian-Saudi Investment Forum cover a wide range of sectors, including property, telecommunications and finance. The planned projects include housing, the reconstruction of war-damaged areas, the development of tourism, medical and entertainment sites, skyscrapers, and three new cement factories. Syrian minister of information Hamza al-Mustafa said the deals are expected to create around 50,000 direct and 150,000 indirect job opportunities. Saudi Arabia has been strongly supportive of the interim government in Syria led by former insurgent commander President Ahmad al-Sharaa since the fall of former president Bashar Assad in a lightning rebel offensive. The country faces major economic and social challenges. The United Nations in 2017 estimated that it would cost at least 250 billion dollars (£185 billion) to rebuild Syria after years of civil war. Some experts now say that number could reach at least 400 billion dollars (£295 billion). The Saudi deals come as a political boost to Syria's interim government at a moment when the country is reeling from a new round of sectarian violence that broke out in the southern province of Sweida earlier this month. Clashes broke out on July 13 between Sunni Muslim Bedouin clans and armed groups of the Druze religious minority, and government security forces who intervened to restore order ended up siding with the Bedouins. Members of the security forces allegedly killed Druze civilians and looted and burned homes. Druze armed groups later launched revenge attacks on Bedouin communities. Israel also intervened, launching strikes on convoys of government forces and on the Syrian Defence Ministry headquarters in Damascus, which Israeli officials said were in defence of the Druze religious minority. Hundreds have been killed, and the UN says more than 130,000 people have been displaced. The fighting has stopped as a ceasefire takes hold, but tensions remain high and the violence has further shaken the trust of religious minorities in the new government.
Irish Examiner
an hour ago
- Business
- Irish Examiner
Syria and Saudi Arabia sign investment deals worth £4.4 billion
Syria and Saudi Arabia announced 47 investment agreements, valued at more than £4.4 billion, in Damascus on Thursday, marking a significant step in rebuilding Syria's war-battered economy. The agreements signed at the Syrian-Saudi Investment Forum cover a wide range of sectors, including property, telecommunications and finance. The planned projects include housing, the reconstruction of war-damaged areas, the development of tourism, medical and entertainment sites, skyscrapers, and three new cement factories. Syrian minister of information Hamza al-Mustafa said the deals are expected to create around 50,000 direct and 150,000 indirect job opportunities. Saudi Arabia has been strongly supportive of the interim government in Syria led by former insurgent commander President Ahmad al-Sharaa since the fall of former president Bashar Assad in a lightning rebel offensive. £295 billion Estimated cost of rebuilding Syria The country faces major economic and social challenges. The United Nations in 2017 estimated that it would cost at least 250 billion dollars (£185 billion) to rebuild Syria after years of civil war. Some experts now say that number could reach at least 400 billion dollars (£295 billion). The Saudi deals come as a political boost to Syria's interim government at a moment when the country is reeling from a new round of sectarian violence that broke out in the southern province of Sweida earlier this month. Clashes broke out on July 13 between Sunni Muslim Bedouin clans and armed groups of the Druze religious minority, and government security forces who intervened to restore order ended up siding with the Bedouins. Members of the security forces allegedly killed Druze civilians and looted and burned homes. Druze armed groups later launched revenge attacks on Bedouin communities. Israel also intervened, launching strikes on convoys of government forces and on the Syrian Defence Ministry headquarters in Damascus, which Israeli officials said were in defence of the Druze religious minority. Hundreds have been killed, and the UN says more than 130,000 people have been displaced. The fighting has stopped as a ceasefire takes hold, but tensions remain high and the violence has further shaken the trust of religious minorities in the new government.
See - Sada Elbalad
4 hours ago
- Business
- See - Sada Elbalad
Syria, Saudi Arabia Seal $6 Billion Investment Deal
Israa Farhan Syria and Saudi Arabia have reached a landmark economic agreement to sign 44 investment deals valued at $6 billion, signaling a major step in rebuilding and strengthening bilateral ties across multiple sectors. The announcement was made by Syrian Information Minister Hamza al-Mustafa during a press conference in Damascus on Wednesday, coinciding with the Syrian-Saudi Investment Forum. The new agreements span a wide range of industries, including energy, technology, media, and communications. Minister al-Mustafa highlighted that the initiatives are expected to generate over 50,000 jobs across the country, contributing significantly to Syria's economic recovery. The minister underscored the importance of attracting private capital, particularly in the energy sector, and noted that discussions with Saudi investors also touched on cybersecurity, artificial intelligence, and digital infrastructure. This wave of investment follows sweeping political changes in Syria. On 8 December 2024, Damascus fell to the armed opposition, prompting President Bashar al-Assad to resign and leave the country. Ahmed Al-Sharaa, leader of the opposition, was appointed transitional president in January, with a new cabinet formed in March. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
News18
4 hours ago
- Business
- News18
Syria, Saudi Arabia sign more than USD 6 billion in investment deals
Damascus (Syria), Jul 24 (AP) Syria and Saudi Arabia announced 47 investment agreements, valued at over USD 6 billion, in Damascus on Thursday, marking a significant step in rebuilding Syria's war-battered economy. The agreements signed at the Syrian-Saudi Investment Forum cover a wide range of sectors, including real estate, telecommunications and finance. The planned projects include housing, the reconstruction of war-damaged areas, the development of tourism, medical and entertainment sites, skyscrapers, and three new cement factories. Syrian Minister of Information Hamza al-Mustafa said the deals are expected to create around 50,000 direct and 1,50,000 indirect job opportunities. Saudi Arabia has been strongly supportive of the interim government in Syria led by former insurgent commander President Ahmad al-Sharaa since the fall of former President Bashar Assad in a lightning rebel offensive. The country faces major economic and social challenges. The United Nations in 2017 estimated that it would cost at least USD 250 billion to rebuild Syria after years of civil war. Some experts now say that the number could reach at least USD 400 billion. The Saudi deals come as a political boost to Syria's interim government at a moment when the country is reeling from a new round of sectarian violence that broke out in the southern province of Sweida earlier this month. Clashes broke out on July 13 between Sunni Muslim Bedouin clans and armed groups of the Druze religious minority, and government security forces, who intervened to restore order, ended up siding with the Bedouins. Members of the security forces allegedly killed Druze civilians and looted and burned homes. Druze armed groups later launched revenge attacks on Bedouin communities. Israel also intervened, launching strikes on convoys of government forces and on the Syrian Defence Ministry headquarters in Damascus, which Israeli officials said were in defence of the Druze religious minority. Hundreds have been killed, and the UN says more than 1,30,000 people have been displaced. The fighting has stopped as a ceasefire takes hold, but tensions remain high, and the violence has further shaken the trust of religious minorities in the new government. (AP) SKS NPK NPK view comments First Published: July 24, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
San Francisco Chronicle
5 hours ago
- Business
- San Francisco Chronicle
Syria and Saudi Arabia sign more than $6 billion in investment deals
DAMASCUS, Syria (AP) — Syria and Saudi Arabia announced 47 investment agreements, valued at over $6 billion, in Damascus on Thursday, marking a significant step in rebuilding Syria's war-battered economy. The agreements signed at the Syrian-Saudi Investment Forum cover a wide range of sectors, including real estate, telecommunications and finance. The planned projects include housing, the reconstruction of war-damaged areas, the development of tourism, medical and entertainment sites, skyscrapers, and three new cement factories. Syrian Minister of Information Hamza al-Mustafa said the deals are expected to create around 50,000 direct and 150,000 indirect job opportunities. Saudi Arabia has been strongly supportive of the interim government in Syria led by former insurgent commander President Ahmad al-Sharaa since the fall of former President Bashar Assad in a lightning rebel offensive. The country faces major economic and social challenges. The United Nations in 2017 estimated that it would cost at least $250 billion to rebuild Syria after years of civil war. Some experts now say that number could reach at least $400 billion. The Saudi deals come as a political boost to Syria's interim government at a moment when the country is reeling from a new round of sectarian violence that broke out in the southern province of Sweida earlier this month. Clashes broke out on July 13 between Sunni Muslim Bedouin clans and armed groups of the Druze religious minority, and government security forces who intervened to restore order ended up siding with the Bedouins. Members of the security forces allegedly killed Druze civilians and looted and burned homes. Druze armed groups later launched revenge attacks on Bedouin communities. Israel also intervened, launching strikes on convoys of government forces and on the Syrian Defense Ministry headquarters in Damascus, which Israeli officials said were in defense of the Druze religious minority. Hundreds have been killed, and the U.N. says more than 130,000 people have been displaced. The fighting has stopped as a ceasefire takes hold, but tensions remain high and the violence has further shaken the trust of religious minorities in the new government.
