EU foreign policy chief Kaja Kallas has proposed a further loosening of European sanctions on Syria to allow funding for Syrian ministries in areas including reconstruction and migration, according to a document seen by Reuters.

But the country must also modernise monetary policy, rewire banking and reconnect with global markets, argues Abdulkader Husrieh

Syria's economic turmoil worsened in 2019 when neighbouring Lebanon, with which it has extensive economic and financial ties, also descended into crisis. Damascus then introduced a plethora of exchange rates for different transactions to safeguard scarce hard currency.

President Trump bucked critics in his administration and security hawks in Israel in his decision to lift sanctions on Syria and embrace its new leader, a U.S.-designated terrorist who formerly

A Lebanese economist said Wednesday that the impact of U.S. President Donald Trump’s announcement on easing sanctions in Syria will be positive but "could take some time," depending on the stability of the country.

US President Donald Trump on Wednesday had tea with a former jihadist who until this year had a $10 million US bounty on his head.

The foreign ministers of Turkey, the United States and Syria will meet in southern Turkey on Thursday to discuss details of U.S. President Donald Trump's pledge to lift sanctions on Syria, Turkish Foreign Minister Hakan Fidan said on Wednesday.