Beirut Explosion Claims the Life of Lady Yvonne Sursock Cochrane

Lady Yvonne Sursock Cochrane, the owner of Sursock Palace in Ashrafieh
Lady Yvonne Sursock Cochrane, the owner of Sursock Palace in Ashrafieh
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Beirut Explosion Claims the Life of Lady Yvonne Sursock Cochrane

Lady Yvonne Sursock Cochrane, the owner of Sursock Palace in Ashrafieh
Lady Yvonne Sursock Cochrane, the owner of Sursock Palace in Ashrafieh

Lady Yvonne Sursock Cochrane, the owner of Sursock Palace in Ashrafieh, passed away at the age of 98. Cochrane was hit during the Beirut explosion on Aug. 4 while sitting in one of the palace halls.

She lived on the ground floor of the historical mansion, while her son Rodrigue and his family occupy the second floor. At the moment of the explosion, she was sitting, as usual, in one of the palace rooms, and was wounded and rushed to the hospital.

The palace, on the Sursock Street in the Ashrafieh area, suffered great material losses, as the two floors, in addition to its lush garden, were severely damaged by the explosion of the port in Beirut.

Cochrane, who was keen on preserving the heritage buildings in Beirut, established in 1960 the APSAD Foundation to encourage the protection of heritage sites. On National Heritage Day every year, Yvonne Cochrane opens the doors of her palace to visitors, to get a closer look at its ancient and artistic features.

The Sursock Palace is one of the oldest heritage buildings in Beirut, and it is known as “Lady Cochrane” Palace. It is home to rare historical artifacts dating back to the sixteenth and seventeenth centuries.

Lady Yvonne Cochrane has European roots from her mother, Donna Maria, of Italian descent. As for the palace, it was built in 1860 by Moussa Sursock, Yvonne’s grandfather.

Donna Maria married an Irish lord of the Cochran family, and she carried his surname. As the only child of her father, Alfred Cochrane, Yvonne inherited the palace, in which she lived until her death on Aug. 31.



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."