US Stresses Need for Economic Reforms in Tunisia

 Tunisia’s President Kais Saied reiterated his country’s adherence to its sovereignty and rejected US intervention in its internal affairs. (EPA)
Tunisia’s President Kais Saied reiterated his country’s adherence to its sovereignty and rejected US intervention in its internal affairs. (EPA)
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US Stresses Need for Economic Reforms in Tunisia

 Tunisia’s President Kais Saied reiterated his country’s adherence to its sovereignty and rejected US intervention in its internal affairs. (EPA)
Tunisia’s President Kais Saied reiterated his country’s adherence to its sovereignty and rejected US intervention in its internal affairs. (EPA)

Tunisia's President Kais Saied held talks with the US Assistant Secretary of State for Near Eastern Affairs, Barbara Leaf at Carthage Palace on Tuesday.

The Tunisian presidency said the meeting was a chance for Saied to clarify many issues related to the situation in the country.

Saied called on the US authorities to hear from Tunisian counterparts to find out the reality of the economic and social conditions in his country.

He renewed Tunis’s adherence to its sovereignty and rejected any intervention in its internal affairs.

The US Embassy in Tunis quoted Leaf as underscoring that the US-Tunisia partnership is strongest when there is a shared commitment to democracy and human rights.

She stressed the importance of achieving economic reforms that will lead to equal measures of prosperity for all Tunisians.

Leaf also met with Tunisian Minister of Interior Taoufik Charfeddine to discuss security and counter-terrorism cooperation.

She underlined the importance of human rights, protecting rule of law, and freedom of expression for all Tunisians.

The meeting touched on the distinguished bilateral ties in all fields and means to bolster them.

Both sides also discussed joint cooperation projects in the security field, such as the police academy project in Enfidha.

Leaf later discussed with Tunisia’s Defense Minister Imed Memmiche direct regional and transcontinental threats.

They hailed the existing cooperation between Tunis and Washington to support the ability to address various challenges.

Barbara expressed her country’s commitment to continue supporting Tunisia to address security and development challenges.



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."