Syria and Iran sign ‘strategic’ economic agreement

Syrian Prime Minister Imad Khamis (R) and Iranian Vice President Eshaq Jahangiri (C) attend a signing of an agreement event in the capital Damascus on January 28, 2019. (AFP)
Updated 29 January 2019
0

Syria and Iran sign ‘strategic’ economic agreement

  • Iran will stand “alongside Syria during the next phase that will be marked by reconstruction,” Jahangiri promised

DAMASCUS: Syria and Iran signed 11 agreements and memoranda of understanding late Monday, including a “long-term strategic economic cooperation” deal aimed at strengthening cooperation between Damascus and one of its key allies in the civil war that has torn the country apart.
The agreements covered a range of fields including economy, culture, education, infrastructure, investment and housing, the official Sana news agency reported.
They were signed during a visit to Damascus by Iran’s First Vice President Eshaq Jahangiri.
Syrian Prime Minister Imad Khamis said it was “a message to the world on the reality of Syrian-Iranian cooperation,” citing “legal and administrative facilities” to benefit Iranian companies wishing to invest in Syria and contribute “effectively to reconstruction.”
The agreements included two memos of understanding between the railway authorities of the two countries as well as between their respective investment promotion authorities.
In relation to infrastructure, there was also rehabilitation of the ports of Tartus and Latakia as well as construction of a 540 megawatt energy plant, according to Khamis.
In addition there were “dozens of projects in the oil sector and agriculture,” he added.
The civil war has taken an enormous toll on the Syrian economy and infrastructure, with the cost of war-related destruction estimated by the UN at about $400 billion.
Iran will stand “alongside Syria during the next phase that will be marked by reconstruction,” Jahangiri promised.
Iran and Syria had already signed a military cooperation agreement in August while Tehran has supported Damascus economically during the conflict through oil deliveries and several lines of credit.
The new agreements come against the backdrop of fresh US sanctions against Iran, while Syrian President Bashar Assad’s regime and several Syrian businesspeople and companies are already on US and European blacklists.
They also come as Israel has repeatedly pledged to keep arch-foe Iran from entrenching itself militarily in Syria, where the war has already claimed more than 360,000 lives and displaced several million people.


What we know about bomb blast near Egypt’s pyramids

Updated 19 min 25 sec ago
0

What we know about bomb blast near Egypt’s pyramids

CAIRO: Just a month before the African Cup of Nations, Egypt was hit by a bomb blast that undermined efforts to burnish its image as a bulwark of stability after years of turmoil.
The attack on Sunday near the famed pyramids of Giza is another setback to the North African country’s efforts to revive its key tourism industry after years of turmoil.
A roadside bomb explosion hit a tourist bus driving on a road close to a lavish new museum under construction overlooking the Giza plateau.
The blast shattered many of the bus’ windows, injuring several of its passengers as well as those of a nearby car.
At least 17 people were wounded in the explosion including foreigners.
South Africa’s foreign ministry said three of its nationals were hospitalized.
No group has claimed responsibility for the attack yet.
A day later, Egypt announced that its security forces had killed 12 suspected militants in police raids near Cairo.
The interior ministry said the militants belonged to the Hasm movement which is believed to be a splinter faction of the outlawed Muslim Brotherhood group.
Hasm has previously claimed responsibility for attacks targeting security personnel and high-profile figures in Egypt including judges.
“The pyramids area is known to be a bastion for the Muslim Brotherhood. Groups like Hasm and Lewaa Al-Thawra (believed to be affiliates of the Brotherhood) have previously claimed responsibility for attacks in this area,” said political science professor Mostafa Kamel Al-Sayed.
Hassan Nafaa, another political science professor at Cairo University, said the authorities’ announcement about the killing of militants was meant to give a semblance of order.

The roadside bomb went off as the bus was being driven in Giza, also causing injuries to Egyptians in a nearby car, medical and security sources said. (AFP)

“The security establishment wants to prove it’s effective and successful... by announcing it killed 12 members of the Hasm movement to give the impression it is behind the attack,” he said.
The ministry’s statement did not directly link the raids to the bus attack.
Egypt’s tourism sector has been hit by a string of previous attacks, most recently in December when three Vietnamese nationals and an Egyptian tour guide were killed in an explosion.
Back then, a home-made explosive device struck their bus which was also driving near the site of the pyramids.
It followed a lull in attacks since the 2017 stabbing of two women on a beach in the seaside resort of Hurghada.
The heaviest blow to Egypt’s tourism sector was in October 2015 when a bomb attack claimed by Daesh downed a Russian airliner shortly after take off from the resort city of Sharm El-Sheikh, killing 224 people on board.
Sunday’s attack follows signs of a recovery in the long-suffering tourism industry.
Egypt is set to host the African Cup of Nations from June 21 to July 19 which it sees as an opportunity to show that the country is safe and able to handle an influx of tourists.
Tourism has been reeling from turmoil since the 2011 overthrow of longtime ruler Hosni Mubarak in a popular uprising.
In 2010, Egypt welcomed a record 14.7 million tourists.
But by 2016 that figure had plunged by nearly two-thirds, to 5.3 million .
The following year witnessed a rebound with arrivals reaching 8.3 million, according to the official statistics agency.
Earlier this month, Tourism Minister Rania Al-Mashat said the key industry accounts for about a fifth of the country’s gross domestic product (GDP).
Despite the high stakes, some believe Sunday’s attack is unlikely to have a significant impact on tourism.
“It is a minor incident and it has become common that similar occurrences take place in other areas around the world,” said Sayed.