Syrian, UAE presidents hold talks in Abu Dhabi

President Ahmed Al-Sharaa of the Syrian Arab Republic and UAE President Sheikh Mohamed bin Zayed Al-Nahyan in Abu Dhabi. (SANA)
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Updated 14 April 2025
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Syrian, UAE presidents hold talks in Abu Dhabi

  • President Ahmed Al-Sharaa makes second trip to Gulf after visiting Saudi Arabia in February
  • UAE leader reaffirms support for Syrian rebuild efforts

LONDON: President Ahmed Al-Sharaa of the Syrian Arab Republic arrived in Abu Dhabi on Sunday for talks with UAE President Sheikh Mohamed bin Zayed Al-Nahyan.

The sheikh wished Al-Sharaa success in leading Syria and in fulfilling his people’s hopes for development, security and stability, the Emirates News Agency reported.

He also reaffirmed the UAE’s support for Syria’s efforts to rebuild and commitment to its unity, sovereignty and territorial integrity, which he said were essential to the broader region.

Al-Sharaa was welcomed at Al-Bateen Airport by Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al-Nahyan and other senior officials. Syrian Foreign Minister Assad al-Shibani, who visited the UAE earlier this year, was also present at the meeting.

Al-Sharaa visited Saudi Arabia in February on his first foreign trip since assuming the presidency in January. The Syrian leader is keen to strengthen ties with Arab and Western governments and turn a new page in his nation’s diplomatic relations following the collapse of the Assad regime in December.

Last week, Syria and South Korea formally established diplomatic relations and agreed to open embassies in each other’s countries. Syria was the only UN member without diplomatic ties to South Korea.

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Syria’s growth accelerates as sanctions ease, refugees return

Updated 06 December 2025
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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.