AGP Executive Report
Last update: 11 hours agoPower Infrastructure: Syria’s state electricity company signed a deal with China’s Wasion for 6.5 million prepaid smart meters, aiming to improve grid management and billing. The rollout comes as Hasakah receives only about 50 megawatts against estimated demand of 500 megawatts. Trade and Prices: Consumers still face high prices despite the pound’s recovery, with traders citing exchange-rate risks and rising import, energy and transport costs. Syria’s first letter of credit in 14 years helped finance a diesel purchase from Saudi Aramco, though private importers are still waiting for access to bank payment channels. Reconstruction Funding: Saudi Arabia’s development fund signed six loan agreements worth more than $403 million for Syrian infrastructure and public services. Damascus and Riyadh also agreed to strengthen industrial cooperation.
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