AGP Executive Report
Last update: 8 hours agoSyria–Algeria Diplomacy: Syria’s foreign chief Asaad Al-Shaibani met Algeria’s President Abdelmadjid Tebboune to push cooperation in energy, economy, investment, and security, with plans to reactivate a joint high committee and a Syria–Algeria business council. Syria Currency Update: Syria’s Central Bank extended the deadline again for exchanging old banknotes into the new Syrian lira, saying the process is 63% complete, while economists warn the repeated extensions show monetary transition strain and weak recovery of old notes. Finance & Payments in Syria: Reports say Visa and Mastercard restarted business in Syria, a move that could improve card payments and merchant access as the country’s recovery efforts continue. Trade & Logistics: Turkey is discussing reviving the Hejaz Railway and extending it toward Oman as an alternative corridor to the Strait of Hormuz, with the Damascus–Amman link mentioned as potentially reactivatable—an angle that matters for regional trade routes and Syria’s connectivity. Business Risk Watch: A major cyber-fraud case in India involved accounts tied to a bank in the name of a firm, highlighting how financial fraud networks keep evolving—relevant for regional compliance and bank controls.
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