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Stories (5)

economy

EU to Restore Relations with Syria

Summary: - The EU plans to deepen engagement with Syria by restoring formal political contacts and expanding economic and security ties. A background document circulated to EU states indicates the EU will resume the 1978 cooperation framework and launch a High-Level Political Dialogue with Syria’s transitional authorities starting May 11. - The EU aims to reframe sanctions to keep leverage while engaging with Syrian leadership and countering spoilers of the transition. - Econ

2026-05-24
security

Syria's Stance on Iran Conflict Explained

Syria’s president, Ahmed al-Sharaa, says Syria will stay out of the U.S.–Israel–Iran conflict unless it is directly targeted or faces aggression. He emphasizes Syria does not want to be an arena of war and seeks strong regional and international relationships, including with Lebanon, Iraq, Turkey, Saudi Arabia, and Western powers. Despite avoiding involvement, Syria has reinforced its borders with Lebanon and Iraq to guard against spillover from the regional fighting. He note

2026-05-24
economy

UAE-Syria Trade Surges Amid Warming Ties

Summary: - UAE-Syria trade is surging: non-oil trade hit a record $1.4 billion in 2025, up 132% from 2024, signaling rapidly warming economic ties. - Investment activity grows: Damascus investment forum yielded preliminary agreements across tourism, construction, infrastructure, agriculture, aviation, and logistics; a Syrian technical delegation will visit the UAE to map a plan and roadmap. - Transportation reopens: Etihad Airways will resume Abu Dhabi–Damascus flights in mid

2026-05-24
economy

Syria's Sharaa to Join G7 Summit in France

Summary: Syria is set to participate in the G7 summit in France as a guest, with President Ahmed al-Sharaa slated to represent the country. The invitation, delivered to Damascus via its Finance Minister, signals Syria’s tentative re-engagement with Western-led economic and diplomatic circles. Officials describe Syria’s planned presence as centering on its potential role as a strategic hub for supply chains, particularly in the context of regional disruptions after the Hormuz

2026-05-24
security

Syria's First Offshore Oil Field with Chevron

Summary: - Syria’s state oil company plans its first offshore oil and gas development through a memorandum with Chevron International (U.S.) and UCC Holding (Qatar) to explore and develop Syrian offshore resources, signaling a key energy-policy shift as Syria rebuilds after nearly 14 years of war. - The agreement, signed in Damascus, aims to deepen energy-sector partnerships, support offshore exploration, and attract investment for Syria’s energy revival. - This offshore init

2026-05-24