No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Syria and Qatar to pay back Syria’s debt to the World Bank

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 2 mins read
A A
Syria and Qatar to pay back Syria’s debt to the World Bank
Share on FacebookShare on TwitterShare on LInkedIn


BEIRUT (AP) — Saudi Arabia and Qatar said Sunday they will pay Syria’s outstanding debt to the World Bank, a move likely to make the international institution resume its support to the war-torn country.

A joint statement by the finance ministries of Saudi and Qatar said the decision to pay Syria’s nearly $15 million debt to the World Bank was made during this month’s meetings in Washington by the World Bank and IMF.

Syria’s Foreign Ministry thanked the two oil and gas-rich nations for paying the debt saying it opens the way for activating cooperation toward recovery and reconstruction after a 14-year conflict that killed half a million people and caused wide destruction in the country.

Since the fall of Bashar Assad’s government in early December, when insurgent groups led by the Islamist Hayat Tahrir al-Sham stormed his seat of power in Damascus, Saudi Arabia and Qatar have been main backers of the country’s new leadership.

The United Nations in 2017 estimated that it would cost at least $250 billion to rebuild Syria. Some experts now say that number could reach at least $400 billion.

The joint Saudi-Qatari statement said the payment of Syria’s loans will facilitate the resumption of World Bank support and activities in Syria that have been stalled for more than 14 years. The statement added that the loan payment will allow Syria to take allotments from the World Bank in the near future for “vital sectors.” It did not elaborate.

Syria’s infrastructure suffered wide destruction during the conflict that broke out in March 2011. Last month, Qatar began supplying Syria with natural gas through Jordan to ease the long hours of electricity cuts that are common in much of the country.

A main obstacle for development projects in Syria are Western sanctions that were imposed on the country more than a decade ago mainly targeting Assad’s government and officials.

The Trump administration has yet to formally recognize the new Syrian government led by president and HTS leader Ahmad al-Sharaa. HTS remains a U.S.-designated terrorist organization, and the sanctions imposed on Damascus under Assad remain in place.

However, Washington has eased some restrictions. The U.S. Treasury in January issued a general license, lasting six months, that authorizes certain transactions with the Syrian government, including some energy sales and incidental transactions.

The European Union, meanwhile, has begun to ease some energy and transport sanctions and banking restrictions against Syria, suspending measures targeting oil, gas and electricity as well as transport, including the aviation sector.

The British government said Thursday it was lifting sanctions against a dozen Syrian entities, including government departments and media outlets.



Source link

Tags: bankdebtPayQatarSyriaSyriasworld
ShareTweetShare
Previous Post

Cancellation of NIS 200 bill back on agenda

Next Post

When externalities conflict – Econlib

Related Posts

edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

by TheAdviserMagazine
October 5, 2025
0

The day trader persona on social media looks something like this: A man with a sporty vibe and the swagger...

edit post
Layoffs will start if shutdown talks ‘going nowhere’, says White House

Layoffs will start if shutdown talks ‘going nowhere’, says White House

by TheAdviserMagazine
October 5, 2025
0

WASHINGTON: The Trump administration will start mass layoffs of federal workers if President Donald Trump decides negotiations with congressional Democrats...

edit post
Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

by TheAdviserMagazine
October 5, 2025
0

Oct. 05, 2025 10:01 AM ETS&P 500 Index (SP500), SH, SPY, VOO, IVV, SDS, RSP, SSO, UPRO, SPXUBy: Anuron Mitra,...

edit post
Denmark revives interest in Israeli air defense system

Denmark revives interest in Israeli air defense system

by TheAdviserMagazine
October 5, 2025
0

Drone incursions at Danish airports have again put IAI's Barak MX system on the Danish Ministry of Defense's radar. ...

edit post
The Phoenix buys insurance comparison website Wobi

The Phoenix buys insurance comparison website Wobi

by TheAdviserMagazine
October 5, 2025
0

The Phoenix Holdings (TASE: PHOE), the largest insurance company in Israel by market cap, is buying price comparison website...

edit post
These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

by TheAdviserMagazine
October 5, 2025
0

Active listening. Shared responsibilities. Pre-planned forgiveness. If the tenets of AlixPartners’ co-CEO relationship sound a lot like those of a...

Next Post
edit post
When externalities conflict – Econlib

When externalities conflict - Econlib

edit post
Cryptocurrency Market Pushes Forward as Lightchain AI Presale Nears End

Cryptocurrency Market Pushes Forward as Lightchain AI Presale Nears End

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
The Phoenix buys insurance comparison website Wobi

The Phoenix buys insurance comparison website Wobi

0
edit post
Lamb Weston (LW) Q1 2026 Earnings: Key financials and quarterly highlights

Lamb Weston (LW) Q1 2026 Earnings: Key financials and quarterly highlights

0
edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

0
edit post
The all-new Engagements is here. Get ready to win more business.

The all-new Engagements is here. Get ready to win more business.

0
edit post
Book Review: The Enduring Value of Roger Murray

Book Review: The Enduring Value of Roger Murray

0
edit post
The Financial Glow Up with Taylor Price

The Financial Glow Up with Taylor Price

0
edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

October 5, 2025
edit post
OpenAI and Jony Ive may be struggling to figure out their AI device

OpenAI and Jony Ive may be struggling to figure out their AI device

October 5, 2025
edit post
Layoffs will start if shutdown talks ‘going nowhere’, says White House

Layoffs will start if shutdown talks ‘going nowhere’, says White House

October 5, 2025
edit post
FTX Issues Warning As Fraudulent Emails Circulate During .6B Creditor Payout

FTX Issues Warning As Fraudulent Emails Circulate During $1.6B Creditor Payout

October 5, 2025
edit post
Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

October 5, 2025
edit post
Top Wall Street analysts recommend these 3 dividend stocks for stable returns

Top Wall Street analysts recommend these 3 dividend stocks for stable returns

October 5, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5
  • OpenAI and Jony Ive may be struggling to figure out their AI device
  • Layoffs will start if shutdown talks ‘going nowhere’, says White House
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.