Syrian economy

Saudi Arabia, Qatar to Jointly Fund Syrian Salaries

Saudi Arabia and Qatar announced joint financial support for Syrian state employees, following Qatar’s earlier pledge of $29 million monthly for three months. This aid, revealed during a joint press conference in Damascus, builds upon the two Gulf nations’ considerable support for Syria’s new government. The support also includes settling Syria’s $15 million debt to the World Bank, enabling the Bank to resume operations in the country. This financial assistance is part of a broader international effort to rebuild Syria’s war-torn economy and infrastructure, facilitated by the lifting of sanctions by various nations.

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Half a Million Refugees Return to Syria Amidst Economic Uncertainty and Reconstruction Hopes

Approximately 500,000 Syrian refugees have returned home since the fall of the Assad regime, primarily from neighboring countries, with a significant portion expressing a desire to return. This return is driven by optimism surrounding political changes, though obstacles remain, including economic hardship and widespread infrastructure damage. The lifting of US sanctions is viewed as potentially accelerating this process. The UN projects that the number of returning refugees could reach 1.5 million by year’s end, spurred by both refugee desire and host country policies aimed at repatriation.

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