Fire Under Control at Iran's Largest Oil Refinery: State Media
The blaze erupted in one of the refinery's processing units, according to the Islamic Republic News Agency, which said firefighters responded promptly. There were no immediate reports of casualties or the cause of the incident. Production remained unaffected, the Oil Ministry's Shana news agency said.
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Yahoo
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Syria signs $14 billion in investment deals, including $4 billion airport expansion
DAMASCUS, Syria (AP) — Syria signed agreements worth $14 billion with regional and international companies on Wednesday for 12 investment projects, including modernizing the international airport in Damascus and a new subway system, state media reported. The deals are the largest so far since foreign companies and countries started an investment push into the war-torn country after Western sanctions were eased following the fall of the 54-year rule of the Assad family. The head of Syria's Investment Authority, Talal al-Halili, was quoted by state-run news agency SANA as saying that the expansion of Damascus' International Airport will cost $4 billion and will be done by the Qatar-based UCC Holding. SANA said that the airport will be able to serve up to 31 million travelers a year, after the expansion. SANA added that the agreement for the new subway system in the capital is worth $2 billion, and the network is expected to be used by 750,000 people a day. The deal for the subway was signed by Syria's Transportation Ministry and the United Arab Emirates' National Investment Corporation, SANA said. Other projects include the $2 billion construction of 60 residential towers with 20,000 housing units outside of the capital. 'Syria is open for investments and determined to build a bright future,' al-Hilali said during the ceremony, which was attended by President Ahmad al-Sharaa. In late July, Syria and Saudi Arabia announced 47 investment agreements, valued at more than $6 billion to mark a significant step in rebuilding Syria's war-battered economy. In May, Syria signed an agreement with a consortium of Qatari, Turkish and U.S. companies for the development of a $7 billion 5,000-megawatt energy project to revitalize much of Syria's war-battered electricity grid. 'The future of a prosperous and peaceful Syria is in the hands of Syria and its regional partners,' said the U.S. special envoy to Syria, Tom Barrack, who attended Wednesday's signing in Damascus.
Washington Post
an hour ago
- Washington Post
Syria signs $14 billion in investment deals, including $4 billion airport expansion
DAMASCUS, Syria — Syria signed agreements worth $14 billion with regional and international companies on Wednesday for 12 investment projects, including modernizing the international airport in Damascus and a new subway system, state media reported. The deals are the largest so far since foreign companies and countries started an investment push into the war-torn country after Western sanctions were eased following the fall of the 54-year rule of the Assad family . The head of Syria's Investment Authority, Talal al-Halili, was quoted by state-run news agency SANA as saying that the expansion of Damascus' International Airport will cost $4 billion and will be done by the Qatar-based UCC Holding. SANA said that the airport will be able to serve up to 31 million travelers a year, after the expansion. SANA added that the agreement for the new subway system in the capital is worth $2 billion, and the network is expected to be used by 750,000 people a day. The deal for the subway was signed by Syria's Transportation Ministry and the United Arab Emirates' National Investment Corporation, SANA said. Other projects include the $2 billion construction of 60 residential towers with 20,000 housing units outside of the capital. 'Syria is open for investments and determined to build a bright future,' al-Hilali said during the ceremony, which was attended by President Ahmad al-Sharaa. In late July, Syria and Saudi Arabia announced 47 investment agreements , valued at more than $6 billion to mark a significant step in rebuilding Syria's war-battered economy. In May, Syria signed an agreement with a consortium of Qatari, Turkish and U.S. companies for the development of a $7 billion 5,000-megawatt energy project to revitalize much of Syria's war-battered electricity grid. 'The future of a prosperous and peaceful Syria is in the hands of Syria and its regional partners,' said the U.S. special envoy to Syria, Tom Barrack, who attended Wednesday's signing in Damascus.
Yahoo
2 hours ago
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Syria signs $14 billion in investment deals, including $4 billion airport expansion
DAMASCUS, Syria (AP) — Syria signed agreements worth $14 billion with regional and international companies on Wednesday for 12 investment projects, including modernizing the international airport in Damascus and a new subway system, state media reported. The deals are the largest so far since foreign companies and countries started an investment push into the war-torn country after Western sanctions were eased following the fall of the 54-year rule of the Assad family. The head of Syria's Investment Authority, Talal al-Halili, was quoted by state-run news agency SANA as saying that the expansion of Damascus' International Airport will cost $4 billion and will be done by the Qatar-based UCC Holding. SANA said that the airport will be able to serve up to 31 million travelers a year, after the expansion. SANA added that the agreement for the new subway system in the capital is worth $2 billion, and the network is expected to be used by 750,000 people a day. The deal for the subway was signed by Syria's Transportation Ministry and the United Arab Emirates' National Investment Corporation, SANA said. Other projects include the $2 billion construction of 60 residential towers with 20,000 housing units outside of the capital. 'Syria is open for investments and determined to build a bright future,' al-Hilali said during the ceremony, which was attended by President Ahmad al-Sharaa. In late July, Syria and Saudi Arabia announced 47 investment agreements, valued at more than $6 billion to mark a significant step in rebuilding Syria's war-battered economy. In May, Syria signed an agreement with a consortium of Qatari, Turkish and U.S. companies for the development of a $7 billion 5,000-megawatt energy project to revitalize much of Syria's war-battered electricity grid. 'The future of a prosperous and peaceful Syria is in the hands of Syria and its regional partners,' said the U.S. special envoy to Syria, Tom Barrack, who attended Wednesday's signing in Damascus. The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
