US–Syria Relations: The Trump administration has formally started the process to remove Syria from the U.S. State Sponsors of Terrorism list, triggering a 45-day congressional review after assurances from President Ahmed al-Sharaa that Syria will not support international terrorism—an important step that could reduce banking and investment barriers tied to the designation. France–Syria Business Reset: Macron’s Damascus visit continued the thaw in French-Syrian ties, with deals and cooperation framed around reconstruction, including technical support for Syria’s banking sector, steps to return confiscated Assad-era assets, and the return of Syrian antiquities. Security & Investment Climate: Syria says it arrested an ISIS-linked cell behind Damascus blasts during Macron’s visit, with officials stressing the attacks were a failed attempt rather than a security collapse—an issue that will shape investor risk perceptions. Trade & Connectivity: flydubai is set to boost Syria connectivity with a daily Dubai–Aleppo service starting July 20, adding to Damascus frequency and supporting business and cargo links. Regional Energy Ambitions: Syria, Iraq and the U.S. are reportedly preparing to unveil a revived Mediterranean pipeline plan to bypass the Strait of Hormuz, aiming to reshape regional energy leverage. Counterterror Finance: Syria also announced arrests of a senior ISIS leader and the dismantling of a criminal financing network, including alleged funding via robberies and assassinations.