AGP Executive Report
Last update: 8 hours agoEnergy Trade: Syria has restored a formal banking channel for Saudi oil imports and opened its first U.S. bank letter of credit in 14 years. Iraq is also seeking to use Syria as an alternative route for crude exports, as disruption around the Strait of Hormuz raises pressure on regional supply chains. Power Links: Türkiye says it is discussing an electricity interconnection with Saudi Arabia, Jordan and Syria, a project that could strengthen regional energy cooperation and supply security. Investment: UAE developer Eagle Hills has launched projects in Damascus and Latakia, adding to reconstruction activity as Syria seeks new capital. Reconstruction: Civil engineer and lawmaker Madonna Bishara says rebuilding must include safer construction, restored services and transparent use of public resources; the World Bank estimates damaged physical assets will cost $216 billion to rebuild.
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