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Saudi Arabia plans to pay off Syria’s World Bank debts – Reuters
Syria has around $15 million in arrears to the World Bank which must be paid off before the international financial institution can approve grants and provide other forms of assistance.
Saudi Arabia plans to pay off Syria’s debts to the World Bank, paving the way for the approval of millions of dollars in grants for reconstruction and to support the country’s paralysed public sector, Reuters reported on Monday citing three people familiar with the matter
The plans, which have not been previously reported, would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-Assad last year.
It may also be a sign that crucial Gulf Arab support for Syria is beginning to materialize after previous plans, including an initiative by Doha to fund salaries, were held up by uncertainty over U.S. sanctions.
Last month, Qatar announced a plan to provide Syria with gas via Jordan to improve the nation’s meagre electricity supply, a move that sources told Reuters had Washington’s nod of approval.
A spokesperson for the Saudi Ministry of Finance told Reuters, “We do not comment on speculation, but make announcements, if and when they become official.”
The Saudi government’s media office, a World Bank spokesperson and a Syrian government official did not immediately respond to requests for comment.
Syria has around $15 million in arrears to the World Bank which must be paid off before the international financial institution can approve grants and provide other forms of assistance.
But Damascus is short of foreign currency and a previous plan to pay off the debts using assets frozen abroad did not materialize, according to two people familiar with the matter.
World Bank officials have discussed providing financing to help reconstruct the country’s power grid, heavily damaged by years of war, and also to support public sector pay, two of the sources said.
Reuters reported on Saturday that Syria would send a high-level delegation to Washington for the yearly spring meetings of the World Bank and IMF later this month, marking the first visit by Syrian officials to the U.S. since Assad’s ouster.
It is unclear whether the Syrian delegation will meet with any U.S. officials.
Tough U.S. sanctions imposed during Assad’s rule remain in place.
In January, the U.S. issued a six-month exemption for some sanctions to encourage humanitarian aid, but this has had limited effect.
Last month the U.S. gave Syria a list of conditions to fulfil in exchange for partial sanctions relief but the administration of U.S. President Donald Trump has otherwise engaged little with the country’s new rulers.
That is in part due to differing views in Washington on how to approach Syria.
Some White House officials have been keen to take a more hard line stance, pointing to the new Syrian leadership’s former ties to Al-Qaeda as reason to keep engagement to a minimum, according to diplomats and U.S. sources.
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UAE President arrives in Pakistan on first official visit
United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan arrived in Islamabad on Friday on his first official visit to Pakistan, at the invitation of Prime Minister Shehbaz Sharif, Geo News reported.
He was received by Prime Minister Sharif and senior officials, with his aircraft escorted by Pakistan Air Force jets upon entering Pakistani airspace. The UAE president is accompanied by a high-level delegation.
According to Pakistan’s Foreign Office, the visit aims to review bilateral relations and discuss regional and international issues of mutual interest.
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North Korea’s Kim Jong Un signals continued missile development over next five years
North Korean leader Kim Jong Un has signaled that the country will continue developing missiles over the next five years, following visits to major munitions enterprises in the last quarter of 2025, state media KCNA reported on Friday.
Kim said the country’s missile and shell production sector is “of paramount importance in bolstering war deterrence,” according to KCNA.
The report said Kim ratified draft documents on the modernization of key munitions enterprises, which will be submitted to a major ruling party congress expected to be held in early 2026. The congress is set to outline North Korea’s development plan for the next five years.
KCNA’s report follows Thursday’s disclosure that Kim oversaw the construction of an 8,700-ton nuclear-powered submarine alongside his daughter, widely seen as a potential successor, as well as the test-firing of long-range surface-to-air missiles.
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Turkey detains 115 suspected Daesh members believed planning attacks
Turkish authorities have detained 115 suspected Daesh members they said were planning to carry out attacks on Christmas and New Year celebrations in the country, the Istanbul chief prosecutor’s office said on Thursday.
Istanbul Police obtained information that Daesh members had planned attacks in Turkey, against non-Muslims in particular, during Christmas and New Year celebrations, the prosecutor’s office posted on X, Reuters reported.
The police raided 124 places in Istanbul, capturing 115 of the 137 suspects they were seeking, the statement said. Several pistols and ammunition were seized, it said.
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