US EditionSyria to Reconnect to Global Economy After 14 Years as Pariah State
- This week, the Senate Foreign Relations Committee approved a bipartisan decision to remove Syria from the list of designated rogue states.
- The decision follows President Trump’s May 13 announcement from Saudi Arabia to lift sanctions and plans for a US military delegation to formalize presence in Syria.
- Syria unveiled large-scale infrastructure deals worth $7 billion led by a Qatari-Turkish-American consortium and plans to return to the SWIFT payment system imminently.
- Central Bank Governor Abdul Qader Al-Hasariya said, "SWIFT codes have already been allocated," with correspondent banks expected to resume processing transfers soon.
- These actions indicate Syria’s economic reintegration with western and Gulf partners, suggesting potential recovery though continued dependence on foreign investment and policy influence.
21 Articles
21 Articles
Major Investment Deals in Syria: Infrastructure Comes First - The Syrian Observer
Following the lifting of U.S. and EU sanctions, investment contracts and infrastructure projects announced by Syria’s transitional government have become a dominant topic of discussion among Syrians—many of whom have endured over 14 years of crumbling public services and infrastructure. Hopes are now pinned on these new deals to usher in a transformative era of economic recovery and rapid development across key sectors. In recent weeks, Damascus…
Syria: Return to Swift international payment system is crucial to promote trade and attract foreign currency, the central…
The Governor of the Central Bank of Syria, Abdul Qader Hasriyya, announced that the country is preparing to reconnect to the SWIFT global payments system in the coming weeks, a move he described as "pivotal" to ending more than a decade of financial and economic isolation imposed on Syria by international sanctions and the war...
Syria to rejoin SWIFT payment system ‘within a few weeks’: What to know
It marks a major milestone in Syria’s economic recovery from sanctions imposed in 2011 in response to human rights abuse allegations against the regime of long-time dictator Bashar al-Assad.
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