Berri Says No Negative Fallout on Lebanon from Change in Syria

Lebanon's Parliament Speaker Nabih Berri is pictured as Lebanon's newly elected parliament convenes for the first time to elect a speaker and deputy speaker in Beirut, Lebanon May 31, 2022. (Reuters)
Lebanon's Parliament Speaker Nabih Berri is pictured as Lebanon's newly elected parliament convenes for the first time to elect a speaker and deputy speaker in Beirut, Lebanon May 31, 2022. (Reuters)
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Berri Says No Negative Fallout on Lebanon from Change in Syria

Lebanon's Parliament Speaker Nabih Berri is pictured as Lebanon's newly elected parliament convenes for the first time to elect a speaker and deputy speaker in Beirut, Lebanon May 31, 2022. (Reuters)
Lebanon's Parliament Speaker Nabih Berri is pictured as Lebanon's newly elected parliament convenes for the first time to elect a speaker and deputy speaker in Beirut, Lebanon May 31, 2022. (Reuters)

Lebanon’s parliament Speaker Nabih Berri dismissed on Tuesday the possibility that Lebanon would be negatively affected by the regime change in Syria.

In remarks to Asharq Al-Awsat, he added that so far, it appears that Israel has benefited the most from the situation, followed by Türkiye.

Moreover, the ceasefire agreement, which was sponsored by the US and France, "fortified Lebanon from shakeups", he stressed.

He underscored the need to take further steps "that would increase Lebanon’s immunity and restore regular functioning at its institutions" - a reference to the presidential elections scheduled for January 9.

Hopes are high that a president will be elected after over two years of vacuum caused by differences between political powers over a candidate.

Berri said the elections will be held on time despite the changes in the region and calls for its postponement so that more consultations can be held over potential candidates.

"We will witness the election of a president during the next session. Lebanon will have a president on January 9," he vowed.

"I have an understanding with the quintet (which includes Saudi Arabia, Egypt, Qatar, the US and France) and I have not received any local or foreign request to delay the session," he went on to say.

Meanwhile, head of the Free Patriotic Movement MP Gebran Bassil said Iran-backed Hezbollah needs to focus on domestic issues in Lebanon and not the wider region, adding that he was against Army Commander Joseph Aoun running for the presidency.

A year of fighting between Hezbollah and Israel, which culminated in a tentative ceasefire brokered by the United States and France in November, saw more than 4,000 killed, thousands displaced and the Shiite group considerably weakened militarily with many of its leaders dead.

"It's a process whereby Hezbollah accepts that they are part of the Lebanese state and are not parallel to the state," Bassil told Reuters in an interview in Paris.

"We don't want their end. We want them to be partners in the Lebanese nation, equal to us in abiding by the rules and preserving the sovereignty of Lebanon. We agree with them on defending Lebanon and supporting the Palestinian cause, but politically and diplomatically, not militarily."

Bassil said the group should distance itself from the Iran-aligned "Axis of Resistance".

He was in Paris meeting French officials. He declined to say whether he met Donald Trump's regional envoy Massad Boulos, who accompanied the US president-elect to France last weekend.

Since the truce, Paris has increased efforts to discuss with the myriad key actors in Lebanon over how to break a political impasse after two years without a president or permanent government.

Bassil, who has enough lawmakers to block a candidate, said he was against the candidacy of Joseph Aoun, who diplomats say both the United States and France consider as a serious candidate.

He said Aoun's appointment would be against the constitution and that he did not have consensus among all the Lebanese factions.

"We are against him because we don't see him as being fit for the presidency," Bassil said. "We need candidates who can bring the Lebanese together," he added, declining to name one.



Syria’s Finance Minister Says Foreign Investors Welcome after US Sanctions Move

A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
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Syria’s Finance Minister Says Foreign Investors Welcome after US Sanctions Move

A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)

Syrian Finance Minister Yisr Barnieh made a call to global investors on Wednesday to come do business with Syria after US President Donald Trump's surprise announcement that he would lift all of Washington's sanctions on the country.

"Syria today is a land of opportunities, with immense potential across every sector—from agriculture to oil, tourism, infrastructure, and transportation,” Barnieh said in an interview with Reuters at the Finance Ministry in Damascus.

"We envision a central role for the private sector in the new Syrian economy. The finance ministry's role is not to spend indiscriminately or act as a regulatory enforcer over businesses, but rather to enable and support growth."

A wall outside his office still bore the discolored outline of one of the many posters of former strongman Bashar al-Assad that used to hang in Syria's public buildings before his ousting by the Hayat Tahrir al-Sham (HTS) last year.

Changes in Syria have been swift since Assad fled to Russia in December of last year.

HTS commander Ahmed Sharaa was appointed president, formed a government and had quick success garnering Gulf Arab support and getting most European sanctions lifted.

The stunning turn of events was capped by a meeting between Sharaa and Trump in Riyadh on Wednesday after Trump's pledge to cease US sanctions imposed on Syria under Assad-family rule, measures widely seen as the biggest external obstacles to the country's economic recovery.

Trump has not set out a timeline for removal.

"One of the most critical outcomes of lifting sanctions would be Syria's reintegration into the global financial system," Barnieh said.

"This would allow us to restore financial flows and attract investments, which are urgently needed across all sectors,” he said, adding that Syrian authorities have already seen strong interest from Saudi Arabia, the UAE, Kuwait, Qatar, and several EU countries, among others.

He noted that the government is undertaking a comprehensive overhaul of public financial management, including reforms to the tax system, customs, and banking -- part of a broader effort to modernize an economy long burdened by an oversized public sector.

He also struck a cautioning tone, saying that the removal of sanctions would be just the first step in a years-long recovery for a country ruined by 14 years of war.

"The lifting of sanctions is not the final chapter," he said.

"We cannot afford to become complacent. We are entering a new phase that demands real results and visible progress on the ground."