Instead of Russia, Syria chooses the UAE to print its new currency.
Instead of Russia, Syria chooses the UAE to print its new currency.
2025-05-16 06:04
Shafaq News/ Syria is planning to print its new currency in the UAE and Germany, instead of Russia, which was originally scheduled to print it there.
On Thursday, Damascus signed a preliminary $800 million deal with the Emirati company DP World to develop the port of Tartous. This is the first deal of its kind since President Donald Trump’s surprise announcement on Tuesday that he was lifting US sanctions on Syria .
The deal includes the development, management, and operation of a multi-purpose terminal at Tartous Port, contributing to raising the port’s efficiency, increasing its operational capacity, and enhancing its role as a pivotal hub for regional and international trade .
The two sides also agreed to cooperate in establishing industrial zones and free zones, in addition to dry ports and freight transit stations in a number of strategic areas within Syria.
shafaq.com
