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Haramain High-Speed Rail to Resume Operations End of March

Haramain high-speed railway operations were during over the pandemic. (SPA)
Haramain high-speed railway operations were during over the pandemic. (SPA)
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Haramain High-Speed Rail to Resume Operations End of March

Haramain high-speed railway operations were during over the pandemic. (SPA)
Haramain high-speed railway operations were during over the pandemic. (SPA)

Haramain High-Speed Rail announced that it will resume operations as of Wednesday, March 31, 2021.

Passengers can start booking tickets from and to Makkah, Madinah, King Abdulaziz Airport in Jeddah, and King Abdullah Economic City stations, as of Monday, March 15.

The railway services were suspended on March 21, 2020 as part of the Saudi government's efforts to combat COVID-19 pandemic.

Notably, the Haramain service is one of the biggest public transport projects in the Middle East, a 450 kilometer two-way electric train linking Makkah and Madinah, with extensions to Jeddah and King Abdullah Economic City.

The project will transport 60 million passengers per year on 35 trains, with a seating capacity of 417 per train and traveling at a speed of 300 kph.

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Syria Completes First Global SWIFT Transfer since War

FILE PHOTO: A drone view shows the Syrian central bank, after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, December 16, 2024. REUTERS/Yosri Al Jamal/File Photo
FILE PHOTO: A drone view shows the Syrian central bank, after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, December 16, 2024. REUTERS/Yosri Al Jamal/File Photo
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Syria Completes First Global SWIFT Transfer since War

FILE PHOTO: A drone view shows the Syrian central bank, after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, December 16, 2024. REUTERS/Yosri Al Jamal/File Photo
FILE PHOTO: A drone view shows the Syrian central bank, after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, December 16, 2024. REUTERS/Yosri Al Jamal/File Photo

Syria has carried out its first international bank transaction via the SWIFT system since the outbreak of its 14-year civil war, its central bank governor said on Thursday, a milestone in Syria's push to reintegrate into the global financial system.

Central bank governor Abdelkader Husriyeh told Reuters in Damascus that a direct commercial transaction had been carried out from a Syrian to an Italian bank on Sunday, and that transactions with US banks could begin within weeks.

"The door is now open to more such transactions," he said.

Syrian banks were largely cut off from the world during the civil war after a crackdown by Bashar al-Assad on anti-government protests in 2011 led Western states to impose sanctions, including on Syria's central bank. Assad was ousted as president in a lightning offensive by opposition factions last year and Syria has since taken steps to re-establish international ties, culminating in a May meeting between interim President Ahmed al-Sharaa and US President Donald Trump in Riyadh. The US then significantly eased its sanctions and some in Congress are pushing for them to be totally repealed. Europe has announced the end of its economic sanctions regime.

Syria needs to make transfers with Western financial institutions in order to bring in huge sums for reconstruction and to kickstart a war-ravaged economy that has left nine out of 10 people poor, according to the United Nations.

Husriyeh chaired a high-level virtual meeting on Wednesday bringing together Syrian banks, several US banks and US officials, including Washington's Syria envoy Thomas Barrack.

The aim of the meeting was to accelerate the reconnection of Syria's banking system to the global financial system and Husriyeh extended a formal invitation to US banks to re-establish correspondent banking ties.

"We have two clear targets: have US banks set up representative offices in Syria and have transactions resume between Syrian and American banks. I think the latter can happen in a matter of weeks," Husriyeh told Reuters.

Among the banks invited to Wednesday's conference were JP Morgan, Morgan Stanley and Citibank, though it was not immediately clear who attended.