Syria Moves to Overhaul Gold Trade with Law Amendment, Refinery Licensing: “The goal, al-Husrieh noted, is to position Syria as a regional hub for gold and jewelry manufacturing and to revive its longstanding reputation for craftsmanship and high-quality production in this field.”
World Bank New Report on Syria: “Jean-Christophe Carret, World Bank Director for the Middle East, said that among Syria’s urgent reconstruction needs, restoring the power sector stands out as a critical investment that would improve living conditions, support the return of refugees and internally displaced persons, enable the resumption of services such as water and healthcare, and drive economic recovery.“
Caesar Act Repeal Marks a Start for Syria’s Economic Recovery: “Minister of Economy and Industry Mohammad Nidal al-Shaar commended the U.S. Senate’s approval of the repeal of the Caesar Act, describing it as a historic moment and the start of a new phase of economic recovery in Syria after years of restrictions and isolation.“
Syria won’t wait for global community to reform economy: Finance Minister: “What we need from the IMF and World Bank is capacity building, knowledge transfer, technology, know how, expertise and so on,” he said. “We don’t need money from them…,I’m not excluding borrowing down the road, but now we have no intention whatsoever,” he added. “We want to make sure that our house (is) in order…., If you look at our reform agenda now, every single piece of reform is focused on how to create the ecosystem to support the private sectors and how to create the ecosystem to support attracting foreign investment,” he said. “I’m sure one day, everybody will realize that Syria is a good place to invest,” he continued. “My message is: Do not wait...It will take quite some time, but then the opportunity will be missed.”
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