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Economic and reconstruction dynamics in Syria were a central focus this month. The price of gold continued to rise, with authorities attempting to regulate the market. In a significant development for post-war planning, the Syrian president announced that Egyptian companies would be given priority in reconstruction efforts, while also signaling a desire for European technical expertise and investment beyond humanitarian aid. The reopening of Aleppo International Airport marked a concrete step toward restoring normalcy in the war-damaged city, a move coinciding with a visit highlighting Turkey's growing role in Syrian reconstruction. In Jordan, the ongoing impact of U.S. aid cuts has underscored the country's continued reliance on Washington.
A major economic withdrawal from Lebanon occurred as the Dubai-based Al Habtoor Group announced it was shutting down all its operations in the country and terminating its employees. The conglomerate cited significant financial losses, stating it had initiated legal action to recover what it claims are $1.7 billion in losses from its Lebanese investments.
3 topics | 31 sources
Gold prices have reached a new high in Syria, as authorities try to regulate the market. Separately, Syrian President Bashar al-Assad stated that Egyptian companies will be given priority to participate in the country's reconstruction efforts.
A year after the United States cut aid through its USAID program, Jordan is facing the reality of its deep dependence on Washington. Meanwhile, Syria is signaling that it wants more than just humanitarian assistance from Europe, seeking technical expertise and investment for its eventual post-war reconstruction.
Air traffic has resumed at Aleppo International Airport in Syria. A recent visit to the city by Turkish officials has drawn attention to Turkey's potential role in the country's postwar reconstruction efforts.
1 topics | 11 sources
Jan 28
Al Habtoor Group announces it will shut down all operations in LebanonThe Al Habtoor Group, a major conglomerate, says it will completely cease its business activities in Lebanon. The company also announced it will fire all of its employees in the country and is taking legal action over reported losses of $1.7 billion.