UPDATE 1-Iran strikes economic deals with Syria during VP visit
Tehran has reached "very important agreements on banking cooperation" with Syria, Iranian Vice President Eshaq Jahangiri said in the Syrian capital Damascus. Iran will also help repair power stations across Syria and set up a new plant in the coastal province of Latakia, he added.
During Syria's eight-year conflict, Tehran has dispatched forces and allied Shi'ite militias, including Hezbollah, to provide Damascus with vital military support. Experts say Tehran is now looking to reap a financial dividend. Shunned by Western powers, the Syrian government has looked to friendly states such as Iran, Russia and China to play a major role in rebuilding the country.
Syrian Prime Minister Imad Khamis said Syria and Iran signed a "unique" agreement on Monday for long-term economic cooperation which includes industry, trade, and agriculture. The two countries signed several memorandums of understanding during Jahangiri's visit to Damascus which Khamis described as "historic". Officials said they covered education, housing, public works, railways, investment, and other fields, without providing further details. (Reporting by Kinda Makieh Writing by Ellen Francis Editing by Catherine Evans)
- Niti Aayog seeks involvement in allocation of developmental funds to states
- Bipin Rawat reviews preparedness during visit to northeastern states
- EU states "will acknowledge" Guaido as Venezuela's interim president - draft
- Four states share spoils in Junior National Wrestling
- SC seeks response from Center, states, UTs for panel on rare diseases