Saudi Arabia
Riyadh-led OPEC+ raises quotas as region teeters on escalation
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
Syria this week carried out its first international bank transfer via the SWIFT international payment system since the outbreak of the country’s 14-year civil war, central bank governor Abdelkader Husriyeh said on Thursday, a milestone in Syria’s push to reintegrate into the global financial system.
A direct commercial transaction was carried out from a Syrian to an Italian bank on Sunday © Mena Today
Syria this week carried out its first international bank transfer via the SWIFT international payment system since the outbreak of the country’s 14-year civil war, central bank governor Abdelkader Husriyeh said on Thursday, a milestone in Syria’s push to reintegrate into the global financial system.
Husriyeh told Reuters in Damascus that a direct commercial transaction was carried out from a Syrian to an Italian bank on Sunday.
"The door is now open to more such transactions," he said.
Reporting by Timour Azhari
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
President Donald Trump said late on Saturday the U.S. would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
US embassies in Jerusalem, Baghdad and Amman issued security alerts Saturday urging American citizens to exercise "heightened vigilance," as tensions flare between Iran and the United States. Americans were also told to "consider departing, or be prepared to depart should there be escalation."
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