More talks needed to reopen Syria trade route, says Amman

A man rides on a motorbike at the Syrian-Jordanian border at the Nassib crossing in Syria's Deraa province. (File/ Reuters)
Updated 11 October 2018
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More talks needed to reopen Syria trade route, says Amman

  • The closure of the Nassib crossing in 2015 cut a crucial transit route for hundreds of trucks a day transporting goods between Turkey and the Gulf, and Lebanon and the Gulf
  • Damascus, which retook the crossing from the opposition last July, hopes to reopen the Nassib route

AMMAN: Jordan said on Tuesday more talks with Syria were needed before an important border crossing shut for three years as a result of its neighbor’s war could reopen to serve regional trade.

The closure of the Nassib crossing in 2015 cut a crucial transit route for hundreds of trucks a day transporting goods between Turkey and the Gulf, and Lebanon and the Gulf, in multibillion-dollar annual trade.

Damascus, which retook the crossing from the opposition last July, hopes to reopen the Nassib route because it is vital to its hopes of reviving Syria’s shattered economy and rebuilding in territory under its control.

But Foreign Minister Ayman Safadi said technical committees between the two countries which began talks in the middle of September were still working out the practical arrangements.

“The border will open after the technical committees end all the necessary arrangements and measures needed to guarantee opening the borders serves the common interests of the two countries,” Safadi said after talks with his Lebanese counterpart.

Jordan has denied it agreed on a date to reopen the crossing after Damascus announced on Sept. 29 that movement of traffic and goods had begun. Syria retracted that announcement later that day, saying it would reopen on Oct. 10.

Diplomats and officials have privately said the move appeared to signal mounting pressure by Damascus on Amman to speed up the opening of the crossing. Earlier, the Syrian regime had said they had rehabilitated the crossing and it was ready to receive Syrian refugees.

Lebanon’s Foreign Minister Gebran Bassil in his visit to Amman lobbied Safadi for a speedy reopening, saying it would be a step toward stability in the war-torn country.

“There is big hope that Nassib opens soon so that traffic goes back to its former strength,” Bassil told reporters.

Lebanon’s economy minister told Reuters in July the crossing was “a vital artery” for the Lebanese economy where it is a conduit for millions of dollars of exports of fresh produce to lucrative Gulf markets. 


Egypt prosecutor refers 3 oil industry execs for trial for alleged corruption -judicial source

Updated 18 October 2018
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Egypt prosecutor refers 3 oil industry execs for trial for alleged corruption -judicial source

  • Three executives from a private petroleum company had been referred for trial over an alleged corruption scam worth close to $1 billion

CAIRO: Egypt’s public prosecutor has referred three executives from a private petroleum company for trial over an alleged corruption scam worth close to $1 billion, a judicial source said on Thursday.
The firm’s former deputy chairman and two others allegedly manipulated its books and siphoned funds into personal foreign bank accounts in 2012, the source and state news agency MENA said.
The firm, then known as Tri Ocean, has since been renamed Mog Energy.
No one at Mog Energy was immediately available for comment.