ALGIERS: A building collapse in the UNESCO-listed Casbah of Algiers killed a woman and injured three of her family members on Wednesday, emergency services said.
The uninhabited building fell shortly after midnight onto a neighboring home where the woman lived, said the civil defense agency in the Algerian capital.
The Casbah, a historic city built on a hill overlooking the Mediterranean, has suffered multiple building collapses in recent years.
In 2019, five people, including a baby, died when their home collapsed in the old city. Following that incident, the mayor of Algiers was sacked.
Originally fortified under Ottoman rule in the 16th century, the Casbah played a key role during Algeria’s 1954-1962 war for independence.
Despite ongoing conservation efforts, many structures remain at risk, propped up solely by wooden and metal supports.
Casbah building collapse kills woman in Algiers
https://arab.news/2m7y4
Casbah building collapse kills woman in Algiers
- The uninhabited building fell shortly after midnight onto a neighboring home
Syria’s growth accelerates as sanctions ease, refugees return
- Economy grows much faster than World Bank’s 1% estimate, fueling plans for currency’s relaunch
NEW YORK: Syria’s economy is growing much faster than the World Bank’s 1 percent estimate for 2025 as refugees flow back after the end of a 14-year civil war, fueling plans for the relaunch of the country’s currency and efforts to build a new Middle East financial hub, central bank Governor AbdulKader Husrieh has said.
Speaking via video link at a conference in New York, Husrieh also said he welcomed a deal with Visa to establish digital payment systems and added that the country is working with the International Monetary Fund to develop methods to accurately measure economic data to reflect the resurgence.
The Syrian central bank chief, who is helping guide the war-torn country’s reintegration into the global economy after the fall of Bashar Assad’s regime about a year ago, described the repeal of many US sanctions against Syria as “a miracle.”
The US Treasury on Nov. 10 announced a 180-day extension of the suspension of the so-called Caesar sanctions against Syria; lifting them entirely requires approval by the US Congress.
Husrieh said that based on discussions with US lawmakers, he expects the sanctions to be repealed by the end of 2025, ending “the last episode of the sanctions.”
“Once this happens, this will give comfort to our potential correspondent banks about dealing with Syria,” he said.
Husrieh also said that Syria was working to revamp regulations aimed at combating money laundering and the financing of terrorism, which he said would provide further assurances to international lenders.
Syria’s central bank has recently organized workshops with banks from the US, Turkiye, Jordan and Australia to discuss due diligence in reviewing transactions, he added.
Husrieh said that Syria is preparing to launch a new currency in eight note denominations and confirmed plans to remove two zeroes from them in a bid to restore confidence in the battered pound.
“The new currency will be a signal and symbol for this financial liberation,” Husrieh said. “We are glad that we are working with Visa and Mastercard,” Husrieh said.
