Syria has signed a 30-year deal with French shipping group CMA CGM, which includes a €230 million investment for modernizing Latakia Port, Syria’s main maritime gateway. The agreement, finalized after talks with new authorities following the ousting of Bashar Al-Assad, involves building a new 1.5-kilometer long and 17-meter deep berth to enhance port activities. CMA CGM, which has managed Latakia’s container terminal since 2009, aims to strengthen regional supply chains under this renewed contract.
Full Article
US issues new Iran-related sanctions, Treasury says
The U.S. imposed sanctions on 18 entities and individuals, including RUNC Exchange System Company and Cyrus Offshore Bank, targeting a network aiding Iran in evading sanctions and generating revenue. Treasury Secretary Scott Bessent emphasized the commitment to disrupt Iran's financial schemes to protect American interests and undermine its weapons programs. Want More Context? 🔎
Read more