Lisbon, Riyadh to Promote Integrated Tourism Sector Partnership

A huge ministerial presence of leaders of the global tourism sector during the World Travel & Tourism Council (WTTC) Global Summit in Riyadh (Asharq Al-Awsat)
A huge ministerial presence of leaders of the global tourism sector during the World Travel & Tourism Council (WTTC) Global Summit in Riyadh (Asharq Al-Awsat)
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Lisbon, Riyadh to Promote Integrated Tourism Sector Partnership

A huge ministerial presence of leaders of the global tourism sector during the World Travel & Tourism Council (WTTC) Global Summit in Riyadh (Asharq Al-Awsat)
A huge ministerial presence of leaders of the global tourism sector during the World Travel & Tourism Council (WTTC) Global Summit in Riyadh (Asharq Al-Awsat)

Rita Marques, secretary of state for Tourism of Portugal, revealed that her country is eyeing the conclusion of an agreement with Saudi Arabia in the field of international air transport soon.

Marques pointed out that her participation at the World Travel & Tourism Council (WTTC) Global Summit, which was recently held in Riyadh, had presented a vital occasion to share ideas that promote common points, such as sustainable tourism.

She affirmed Portugal’s readiness to share its best practices and help in designing training exchange programs with Saudi Arabia. This comes to establish prolific dialogue and cooperation between the two countries.

It is fruitful to be able to conclude an international air transport agreement between Portugal and the Kingdom, and to cooperate on future trends and policies such as sustainability, digitization, or forms of attracting investment for innovation and research, stressed Marques.

Speaking to Asharq Al-Awsat, Marques pointed to the role played by the tourism sector in enhancing ties between countries.

She highlighted Saudi Arabia and Portugal’s ability to develop cooperation, share good practices, exchange knowledge, and build skills development programs. The two countries can do so alongside their plans and programs related to sustainability and innovation, added Marques.

Regarding trade between Portugal and the Kingdom, Marques noted that her country has a trade deficit with Saudi Arabia, but she added that total exports in 2022 will achieve their best results since 2017.

About services, Marques said that they also suffered from a trade deficit. However, she hoped that in 2022 the figures will bounce back to what they were before the coronavirus pandemic.

According to Marques, total Portuguese exports of goods and services to the Kingdom in 2021 amounted to 142 million euros. Meanwhile, imports amounted to 326 million euros.

As for pressures and crises facing tourism, Marques insisted on the need for highlighting the innovative capacity of companies and destination managers and creating new business approaches, service concepts and experiences that completely revolutionize the industry.

In recent years, the entry of new market players, international investors and the attraction of international brands have revolutionized the dynamics and attractiveness of Portugal’s regions, noted Marques.

It is noteworthy that the most influential travel and tourism event in the calendar, WTTC’s record breaking Global Summit in Riyadh was attended by more than 85 countries and over 50 ministers.

During the event, WTTC and the Saudi Ministry of Tourism launched the Environmental & Social Research (ESR).

This groundbreaking new data details the climate footprint of the global travel and tourism sector. The research covers 185 countries across all regions and will be updated each year with the latest figures.

WTTC also launched its Cities Economic Impact Report (EIR).

Addressing delegates during her closing speech, WTTC President and CEO Julia Simpson said: “Saudi Arabia will be the next major destination for visitors as it invests $800 billion in showcasing the Kingdom to the world.”

“From the Red Sea to snow-capped mountains, Saudi is full of surprises,” added Simpson.



Syria Says Sending Imported Petrol to Iraq

A drone view shows facilities at the Banias oil refinery, in Banias, Syria, April 8, 2026. (Reuters)
A drone view shows facilities at the Banias oil refinery, in Banias, Syria, April 8, 2026. (Reuters)
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Syria Says Sending Imported Petrol to Iraq

A drone view shows facilities at the Banias oil refinery, in Banias, Syria, April 8, 2026. (Reuters)
A drone view shows facilities at the Banias oil refinery, in Banias, Syria, April 8, 2026. (Reuters)

Syria said on Sunday that it had begun delivering imported petrol to Iraq this week, months after Baghdad began exporting its oil via Syria when the Middle East war disrupted the Strait of Hormuz.

"The Syrian Petroleum Company has begun transporting petrol imported for Iraq through the Banias oil terminal" on Syria's Mediterranean coast, state news agency SANA reported.

The move is part of "a renewable three-month agreement to secure energy supplies amid disruptions to maritime traffic through the Strait of Hormuz", it added.

The report cited Syrian Petroleum Company official Ahmed Qubbaji as saying that operations began on Thursday with a first batch of 57 tankers, with work underway to increase the number of trucks crossing the Al-Tanf land border to Iraq to 200 per day.

The Qatari firm UCC was responsible for purchasing the petrol "from various global sources", with Syria then transporting it for a fee, Qubbaji said according to the report.

The operations support "Syria's role as a corridor for importing, exporting and transporting materials and energy between regional countries", he said.

The closure of Hormuz has hit Iraqi oil exports hard, and in April Baghdad said it had begun shipping crude through Syria by truck to circumvent the strait, though the amounts are far below what used to travel by sea.

Qubbaji said that up to 1,200 Iraqi oil tankers transited Syria daily.

Syria's new authorities, who ousted longtime ruler Bashar al-Assad in December 2024, have been seeking to reboot the country's economy and rebuild its infrastructure after more than a decade of war.

Syria and Iraq are also finalizing negotiations on a contract to restore a key oil pipeline between the countries, Syrian officials have said.


US Treasury Chief Claims Successes in Isolating Iran

FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
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US Treasury Chief Claims Successes in Isolating Iran

FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo

US Treasury Secretary Scott Bessent said on Saturday that he had sent envoys around the world to pressure countries to economically isolate Iran, hailing new restrictions targeting the country's airlines and banks.

"At my direction, teams were dispatched across the globe to engage with countries and demand action against the Iranian regime," he said on X. "These efforts are delivering results."

Bessent noted that Türkiye and Oman have halted incoming flights from private carrier Mahan Air, while the United Arab Emirates has stopped all flights by Iranian airlines.

Dubai, the UAE's commercial hub, is a major destination for Iran's carriers, with multiple daily flights, a large Iranian community and close business links.

Iran's ISNA news agency, citing officials, reported that five countries had revoked the Iranian republic's flight permits: Azerbaijan, Georgia, Iraq, Oman and the UAE.

But it said flights were still operating to China -- which is refusing to yield to US pressure -- and Russia via the two main airlines, national carrier Iran Air and Mahan.

Mahan had announced that it would no longer serve Türkiye at the request of the Turkish authorities, but flights continue several times a day in both directions, via Iran Air or smaller Iranian carriers, according to the Tehran and Istanbul airport websites.

ISNA said Afghanistan, Armenia, Belarus, Malaysia, Pakistan and Tajikistan were still also being served.

Bessent had said on Monday that all Iranian airlines "will be shut down around the world".

He also highlighted new banking restrictions.

On Wednesday, the UAE central bank blocked transactions to and from Iran by branches of Iran's Bank Melli, accusing it of violating laws on money laundering, terrorism and arms proliferation.

Last week, Türkiye revoked the license of Iran's Bank Mellat, a semi-private financial entity that has been subject to Western sanctions for years.

A Wall Street Journal article shared by Bessent said Jonathan Burke, the Treasury's assistant secretary for terrorist financing, traveled across the Middle East and Europe over two weeks to push the plan to impose what Bessent called "economic D-Day" on Tehran.

The US Treasury has held discussions with more than 50 countries, the Journal reported.


China, US Agree to $30 Billion Tariff Cut, AI Dialogue

WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
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China, US Agree to $30 Billion Tariff Cut, AI Dialogue

WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP

China and the US have agreed to a $30 billion reciprocal tariff-reduction arrangement and to launch dialogue on AI, under an eight-point consensus reached during Chinese President Xi Jinping's visit to the US, China's Ministry of Foreign Affairs said.

The two sides recognized the work of their economic teams and endorsed steps including the establishment of a trade council, the tariff-reduction arrangement and an extension of outcomes from earlier talks in Kuala Lumpur, the ministry said.

The United ⁠States and China ⁠had earlier agreed to extend by two months a trade truce that was due to expire on November 10, allowing more time to work on a potentially bigger trade deal, US Treasury Secretary Scott Bessent said on Wednesday.

The leaders of ⁠the world's two largest economies ended a three-day summit that showcased personal diplomacy rather than big public breakthroughs. Xi has since landed in Beijing, Chinese state media Xinhua reported on Saturday.

On artificial intelligence, the two sides agreed to establish a dialogue to discuss the technology's risks and benefits, with the next round of discussion set for November, and to set up a communication channel for AI-related incidents, according to the ⁠ministry.

They ⁠also agreed to support each other in hosting the Asia-Pacific Economic Cooperation leaders' meeting and the Group of Twenty summit, with both leaders signaling their intention to attend the gatherings hosted by the other, Reuters reported.

On foreign policy, the leaders agreed that Iran should fulfil its commitment not to develop nuclear weapons, and that no country or entity should impose transit tolls on international waterways, the ministry said. They also recalled that China and the United States fought as allies in World War Two.