Qatar's Estithmar Holding has announced that it has completed the transfer of a 48.68% stake in Syria's Shahba Bank to its wholly owned subsidiary Masaref Holding. The stake was transferred from Banque Bemo Saudi Fransi and Ahli Trust Bank after regulatory approvals.
QNB Syria, a subsidiary of QNB Group and a leading financial institution, in collaboration with Mastercard, has announced the launch of a locally issued card.
Saudi technology company Cashin has signed a strategic partnership agreement with the Syrian government to help develop and operate a national digital platform for petroleum derivatives. The platform will integrate operational and financial processes across the petroleum derivatives value chain.
Iraq’s Oil Minister Bassem Mohammed Khudair said on September 9 that the country’s crude oil exports had increased to around 3 million barrels per day in September, while outlining plans to expand pipeline export capacity through Syria and Türkiye.
Saudi Arabia and Syria signed three Power Purchase Agreements (PPAs) for 760MW of solar projects in Rif Dimashq, supported by 1,077MWh of battery storage, alongside technical cooperation agreements with Saudi Electricity Project Development Company and Siemens Energy.
Kuwait’s leading low-cost carrier Jazeera Airways has launched its inaugural flight to Deir Ezzor, further strengthening its network in Syria and becoming the only airline to offer direct services between Kuwait and three Syrian cities.
Syria reopened Deir ez-Zor International Airport on August 5 after nearly 14 years of closure, resuming domestic flights from Damascus and international services from Kuwait following the completion of maintenance and rehabilitation works.
DP World has reached a significant milestone in its $800 million investment programme to transform the Port of Tartous, completing the delivery of three Mobile Harbour Cranes (MHCs) that will strengthen Syria's trade infrastructure and support the country's economic recovery.
flynas, the Saudi low-cost carrier, will launch direct flights between Jeddah and Aleppo in Syria from August 21, expanding its international network and strengthening air connectivity between Saudi Arabia and Syria. The airline will operate two weekly flights on the new route.
Syria's Ministry of Tourism has signed a strategic memorandum of understanding (MoU) with three Saudi technology firms, Tamkeen, Cipher and Hawaz, to accelerate the digital transformation of the country's tourism sector and enhance its competitiveness in regional and international markets.
