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Turkiye calls on EU to lift Syria sanctions ahead of international conference

Turkiye calls on EU to lift Syria sanctions ahead of international conference
Updated 3 min 27 sec ago
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Turkiye calls on EU to lift Syria sanctions ahead of international conference

Turkiye calls on EU to lift Syria sanctions ahead of international conference
  • The EU will host the ninth international conference in support of Syria
Updated 3 min 27 sec ago
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ISTANBUL: Turkiye on Sunday called on the European Union to unconditionally lift sanctions on Syria, ahead of an international aid conference in Brussels to which the war-torn country’s new authorities have been invited.
Ankara, allied with Syria’s new rulers who ousted president Bashar Assad and took power in December, views such a step as necessary for a “peaceful transition” in the country, Turkiye’s foreign ministry said in a statement.
The European Union on Monday will host the ninth international conference in support of Syria. For the first time, representatives of Syria’s government — the new interim authorities — have been invited to attend.
The event aims to raise international support for Syria’s transition and recovery after more than 13 years of civil war.
The European bloc on February 24 already announced an easing of sanctions on Syria’s energy, transport and banking sectors to relieve some of the challenges facing Ahmed Al-Sharaa, Syria’s interim president.
But Europe and other powers remain wary over what direction Sharaa’s Islamist group Hayat Tahrir Al-Sham (HTS) — which spearheaded the lightning offensive that toppled Assad on December 8 — may take Syria.
While there are hopes Sharaa’s authorities can stabilize the country and usher in an inclusive future, recent deadly violence targeting the Alawite minority to which Assad belongs has kept doubts floating.
EU foreign ministers have warned that the sanctions they eased could be reimposed if Syria’s new leaders break promises to respect the rights of minorities and move toward democracy.
“Syria’s economic security is essential for the country’s stability and security,” Turkiye’s ministry said, adding that “economic opportunities and jobs need to be created.”
“The sanctions must be lifted unconditionally and for an indeterminate period,” it said.
Turkiye, which hosts nearly three million Syrian refugees, also urged reconstruction of Syria “to encourage returns.”
Turkish deputy foreign minister Nuh Yilmaz will attend the Brussels conference.

Turkiye calls on EU to lift Syria sanctions ahead of international conference

Updated 12 sec ago
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Turkiye calls on EU to lift Syria sanctions ahead of international conference

Turkiye calls on EU to lift Syria sanctions ahead of international conference
  • The EU will host the ninth international conference in support of Syria
Updated 12 sec ago
ISTANBUL: Turkiye on Sunday called on the European Union to unconditionally lift sanctions on Syria, ahead of an international aid conference in Brussels to which the war-torn country’s new authorities have been invited.
Ankara, allied with Syria’s new rulers who ousted president Bashar Assad and took power in December, views such a step as necessary for a “peaceful transition” in the country, Turkiye’s foreign ministry said in a statement.
The European Union on Monday will host the ninth international conference in support of Syria. For the first time, representatives of Syria’s government — the new interim authorities — have been invited to attend.
The event aims to raise international support for Syria’s transition and recovery after more than 13 years of civil war.
The European bloc on February 24 already announced an easing of sanctions on Syria’s energy, transport and banking sectors to relieve some of the challenges facing Ahmed Al-Sharaa, Syria’s interim president.
But Europe and other powers remain wary over what direction Sharaa’s Islamist group Hayat Tahrir Al-Sham (HTS) — which spearheaded the lightning offensive that toppled Assad on December 8 — may take Syria.
While there are hopes Sharaa’s authorities can stabilize the country and usher in an inclusive future, recent deadly violence targeting the Alawite minority to which Assad belongs has kept doubts floating.
EU foreign ministers have warned that the sanctions they eased could be reimposed if Syria’s new leaders break promises to respect the rights of minorities and move toward democracy.
“Syria’s economic security is essential for the country’s stability and security,” Turkiye’s ministry said, adding that “economic opportunities and jobs need to be created.”
“The sanctions must be lifted unconditionally and for an indeterminate period,” it said.
Turkiye, which hosts nearly three million Syrian refugees, also urged reconstruction of Syria “to encourage returns.”
Turkish deputy foreign minister Nuh Yilmaz will attend the Brussels conference.

Saudi Arabia launches $266m program to promote eco-friendly projects

Saudi Arabia launches $266m program to promote eco-friendly projects
Updated 27 min 2 sec ago
Miguel Hadchity
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Saudi Arabia launches $266m program to promote eco-friendly projects

Saudi Arabia launches $266m program to promote eco-friendly projects
Updated 27 min 2 sec ago
Miguel Hadchity

RIYADH: Saudi Arabia has unveiled a new environmental financing initiative worth SR1 billion ($266.6 million), supported by Riyad Bank, to encourage private sector participation in sustainable and eco-friendly projects.

Abdulrahman Al-Fadhli, Saudi Arabia’s minister of environment, water, and agriculture and chairman of the Environmental Fund’s board of directors, officially introduced the program on Sunday.

The launch coincided with the unveiling of a new digital platform for the Incentives and Grants Program, designed to foster innovation and boost environmental investments.

This initiative aligns with Saudi Arabia’s Vision 2030 objectives, which focus on promoting environmental sustainability and enhancing the quality of life.

Munir bin Fahd Al-Sahli, CEO of the Environmental Fund, emphasized that the financing program is aimed at attracting private sector investments to strengthen environmental infrastructure and meteorological services. He also noted that the program will encourage businesses across various sectors to adopt sustainable practices through innovative financial solutions.

Al-Sahli described this partnership as a major step forward in funding environmental projects, highlighting that the new platform would offer incentives and support for outstanding environmental initiatives. These efforts are part of a broader national strategy to protect the environment and foster sustainable development.

The financing program represents a significant milestone in enhancing environmental investments in the Kingdom. It provides businesses and entrepreneurs with resources and incentives to develop projects that not only improve quality of life but also contribute to sustainable environmental growth.

The new electronic platform for the Incentives and Grants Program, which was launched alongside the financing initiative, is designed to streamline the process for beneficiaries and ensure efficient execution of environmental projects. The platform aims to promote eco-friendly practices, foster innovation, and encourage investment in the environmental sector, while also ensuring regulatory compliance across various industries.

Al-Sahli reiterated the fund’s commitment to offering both financial and technical support to ensure lasting positive impacts on the environment. He urged stakeholders in the environmental sector to explore the various opportunities available through the platform.

The Incentives and Grants Program is expected to drive investment in environmental projects and improve compliance levels among institutions. It will provide grants and incentives to a broad range of entities, including small and medium-sized enterprises, corporations, research centers, universities, and nonprofit organizations.

The Environmental Fund continues to develop and implement programs focused on protecting natural resources, reducing pollution, and raising environmental awareness. Through collaborations with government and private entities, it strives to balance economic growth with environmental conservation.

Topics: SaudiVision2030 environment

Iraq says seized one ton of captagon from Syria via Turkiye

Iraq says seized one ton of captagon from Syria via Turkiye
Updated 30 min 56 sec ago
AFP
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Iraq says seized one ton of captagon from Syria via Turkiye

Iraq says seized one ton of captagon from Syria via Turkiye
Updated 30 min 56 sec ago
AFP

BAGHDAD: Iraqi security forces seized more than a ton of captagon tablets smuggled from Syria via Turkiye, the interior ministry said on Sunday.
Ministry spokesman Moqdad Miri said the Narcotics Directorate “seized a truck from Syria, bound for Iraq, via Turkiye, transporting 1.1 tons” of the powerful synthetic stimulant.

Topics: Iraq Syria Turkiye

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KSrelief distributes thousands of food baskets worldwide

KSrelief has delivered thousands of food parcels to some of the world’s most vulnerable people. (SPA)
KSrelief has delivered thousands of food parcels to some of the world’s most vulnerable people. (SPA)
Updated 31 min 15 sec ago
Arab News
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KSrelief distributes thousands of food baskets worldwide

KSrelief has delivered thousands of food parcels to some of the world’s most vulnerable people. (SPA)
  • Etaam project aims to distribute 390,109 food parcels across 27 countries during Ramadan
Updated 31 min 15 sec ago
Arab News

RIYADH: Saudi aid agency KSrelief has delivered thousands of food parcels to some of the world’s most vulnerable people, the Saudi Press Agency reported on Sunday.

In Nigeria, KSrelief distributed 334 food baskets to families in need in the Adamawa state as part of the Etaam Ramadan food basket distribution project.

In Mauritania, 220 food parcels benefited 1,320 people in the Tiaret district. Somalia received 1,390 baskets for families in the Sool and Sanaag regions, benefiting 8,340 people.

Bangladesh saw 300 parcels distributed in the Barguna district, benefiting 1,500 individuals.

In Romania, 150 baskets were provided to families in Bucharest and Constanţa, while in Montenegro, 250 parcels were given to families in Rozaje and Bijelo Polje.

In Niger, 700 baskets were distributed in the Tillaberi Region, benefiting 4,900 people. South Africa received 450 parcels for families in Johannesburg.

Now in its fourth phase, the Etaam project aims to distribute 390,109 food parcels across 27 countries during Ramadan, benefiting 2.3 million people at a cost of over SR67 million ($17.8 million).

Topics: Ramadan 2025 Etaam project KSrelief

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Saudi Arabia’s inflation holds steady at 2% in February: GASTAT 

Saudi Arabia’s inflation holds steady at 2% in February: GASTAT 
Updated 4 min 20 sec ago
Nirmal Narayanan
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Saudi Arabia’s inflation holds steady at 2% in February: GASTAT 

Saudi Arabia’s inflation holds steady at 2% in February: GASTAT 
Updated 4 min 20 sec ago
Nirmal Narayanan

RIYADH: Saudi Arabia’s inflation held firm at 2 percent year on year in February, driven largely by rising housing costs, official data showed.  

According to the General Authority for Statistics, the increase was fueled by an 8.5 percent surge in housing rents, contributing to a 7.1 percent overall rise in the housing, water, electricity, gas, and fuels category. 

The inflation rate remains consistent with Saudi Arabia’s efforts to balance economic growth with price stability as the Kingdom advances its Vision 2030 strategy, which aims to diversify the economy beyond oil.   

The government’s November 2024 budget forecast anticipated inflation to hold steady at 1.9 percent in 2025, up slightly from 1.7 percent in 2024. Meanwhile, the World Bank projected a stable 2.3 percent rate this year, below the Gulf Cooperation Council average. 

“On a monthly basis, the consumer price index in February 2025 recorded relative stability compared to January 2025, rising by 0.2 percent due to the increase of housing, water, electricity, gas, and other fuels section by 0.4 percent, driven by a 0.4 percent increase in actual housing rent prices,” said GASTAT.  

Sector breakdown 

Food and beverage prices saw a modest rise of 1 percent, largely influenced by a 3.7 percent increase in meat and poultry costs. Personal goods and services climbed 3.9 percent, bolstered by a 26.7 percent jump in jewelry prices. 

Restaurant and hotel costs edged up 0.8 percent year on year, while furniture and home equipment prices dropped 2.5 percent. Clothing and footwear prices declined 1 percent, led by a 2.4 percent drop in ready-made clothing. 

Transportation costs also dipped 1.5 percent compared to February 2024. 

On a monthly basis, consumer prices remained stable overall, with food and beverages slipping 0.2 percent. Personal goods and services rose 0.7 percent, while health and tobacco prices held steady. 

Wholesale Price Index  

In a separate report, GASTAT noted that Saudi Arabia’s Wholesale Price Index increased 1.5 percent year on year in February, driven by a 3.4 percent rise in other transportable goods prices and a 3.9 percent increase in agriculture and fishery products. 

Food products, beverages, tobacco, and textiles fell by 0.1 percent year on year, while metal products, machinery, and equipment prices dipped 0.5 percent. Ores and minerals costs dropped 1.9 percent. 

Compared to January, the WPI declined 0.5 percent, led by a 1.4 percent fall in other transportable goods prices, excluding metal products, machinery, and equipment. Food products, beverages, tobacco, and textiles also saw a marginal 0.1 percent drop, while agriculture and fishery product costs rose 1.6 percent. 

Topics: Inflation GDP prices

Latest updates

Turkiye calls on EU to lift Syria sanctions ahead of international conference
Saudi Arabia launches $266m program to promote eco-friendly projects
Saudi Arabia launches $266m program to promote eco-friendly projects
Iraq says seized one ton of captagon from Syria via Turkiye
Iraq says seized one ton of captagon from Syria via Turkiye
KSrelief distributes thousands of food baskets worldwide
KSrelief has delivered thousands of food parcels to some of the world’s most vulnerable people. (SPA)
Saudi Arabia’s inflation holds steady at 2% in February: GASTAT 
Saudi Arabia’s inflation holds steady at 2% in February: GASTAT 

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