UN Chief Warns Israel-Lebanon War Would Be 'Disaster'

UN Secretary General Antonio Guterres addresses reporters in New York on Monday (UN)
UN Secretary General Antonio Guterres addresses reporters in New York on Monday (UN)
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UN Chief Warns Israel-Lebanon War Would Be 'Disaster'

UN Secretary General Antonio Guterres addresses reporters in New York on Monday (UN)
UN Secretary General Antonio Guterres addresses reporters in New York on Monday (UN)

UN Secretary-General Antonio Guterres on Wednesday warned that a "full-fledged confrontation" between Israel and Lebanon would be a "total disaster" amid fears of a wider war.

Addressing the World Economic Forum in the Swiss Alpine resort of Davos, Guterres reiterated his call for an "immediate humanitarian ceasefire" in Gaza.

Fighting has ravaged Gaza since Hamas's unprecedented October 7 attacks on Israel.

Since then, the Lebanese-Israeli border has witnessed a near daily exchange of fire between Israel's army and Lebanon's movement Hezbollah, a Hamas ally.

"The spillover that is already taking place, the risk of a full-fledged confrontation in Lebanon, it would be a total disaster. We need to avoid it at all cost," Guterres said, AFP reported.

Yemeni Houthis have also struck what they consider Israeli-linked shipping in the Red Sea in solidarity with Palestinians in Gaza since the war there started on October 7.

The United Nations chief suggested that a ceasefire would help to avoid further chaos.

"What we are seeing in the Red Sea, all this demonstrates that it's not enough. It's very important to address the humanitarian situation in Gaza. It's very important to have a humanitarian ceasefire," he said.

Guterres repeated his call for an independent Palestinian state to be established.

"I believe that the present situation has demonstrated that the two-state solution is an absolutely central way to solve this problem," he said.



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."