Reuters: Qatar plans to help boost Syrian government salaries
The total monthly price tag for salaries including the increase is around $120 million
Qatar is planning to help finance a massive boost in public sector wages promised by Syria’s new government, a US official and a senior diplomat said to Reuters, vital assistance to the new Islamist rulers in Damascus a month after they toppled Bashar Al-Assad.
The support for the new Syrian administration has been made possible by a US sanctions exemption issued by Washington on Monday, allowing for transactions with governing institutions in Syria for six months.
An Arab official said talks on Qatar funding Syrian government salaries were under way and nothing had been finalised, adding that other countries, including Saudi Arabia may join in the effort.
A Saudi official told Reuters that the Kingdom was committed to working with regional and international partners to help support Syria and that its current support is «focused on humanitarian aid including food, shelter and medical supplies».
Qatar, a long-time backer of the Syrian armed uprising against Assad, had been lobbying Washington heavily to issue the sanctions exemption so it could provide funding in an official manner, the US official and the diplomat said.
The total monthly price tag for salaries including the increase is around $120 million, with more than 1.25 million workers on the public-sector payroll, the new Finance Minister of Syria said.
More From “Economics”
StanChart: GCC economy will be resilient in 2025
Italy and Saudi Arabia sign partnership agreements worth $10bln
Saudi Arabia drives MENA e-commerce rise in the festive season
The Kingdom led the way in mobile commerce adoption, with 62% of online purchases made via mobile devices
UAE’s DAMAC Properties to invest $20bln in US data centers
Saudi Arabia raised $3.09bln in sukuk issuances for December
Economic growth of UAE is to accelerate in 2025 and 2026
Egypt’s economy struggles with rising refugee crisis
Qatar threatens to stop EU gas sales
UAE becomes Africa’s biggest investor
Regional challenges cost Egypt $7bln of Suez Canal revenues
Saudi Arabia’s Maaden and Bahrain’s Alba end aluminum deal talks
S&P: UAE GDP growth will remain strong in 2025-2027