AGP Executive Report
Last update: 5 hours agoPort Modernisation: DP World began the first phase of its US$800m Port of Tartous upgrade with the arrival of the first three Mobile Harbour Cranes, expected to lift cargo-handling capacity by about 40% and speed up vessel turnaround. Energy & Investment: Syria’s recovery push gets a test case as ConocoPhillips and Novaterra Energy, working with the Syrian Petroleum Co., move forward on a major gas development deal aimed at easing power shortages and attracting more foreign capital. Diplomacy & Trade: Syria and Lebanon announced a Joint Higher Committee to reset ties, focusing on economic cooperation (including electricity links and goods transport) and security coordination, while Damascus reiterated it has no plan to intervene militarily in Lebanon. Regional Security: CENTCOM held a Bahrain-hosted security dialogue with 12 countries, including Syria and Lebanon, stressing defense cooperation and keeping commerce flowing through the Strait of Hormuz. Security Shock in Damascus: A bomb blast in a central Damascus cafe killed five and injured 20, with authorities saying an IED was planted and suspects were pursued. EU Reaction: The EU and Spain condemned the Damascus attack, reiterating support for a peaceful, inclusive political transition and rejecting violence.
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