For years, Syria was a wound the world watched fester: a country carved up by war, sanctioned into isolation and reduced to a byword for state collapse.
Its economy needs US$216 billion to rebuild, according to World Bank estimates. This month, for the first time since the fall of the Assad regime in December 2024, it began to look like it might actually get there.
On July 8, the government of Ahmed al-Sharaa – a former jihadi commander turned president – established a supreme constitutional court. Four days later, it convened the new national parliament.
Together, these acts set in motion the process needed to build a post-Assad state, spurring Washington to announce on July 8 that it would lift its long-standing designation of Syria as a state sponsor of terrorism, following a third face-to-face meeting between Sharaa and US President Donald Trump on the sidelines of a Nato summit in Ankara.

That decision and the impending removal of associated US sanctions clear the way for Syria to rejoin the global financial system, without which the job of national reconstruction cannot begin in earnest.
After 14 years of civil war, the country’s infrastructure lies in ruins. Its institutions are embryonic and its politics still combustible. What it has, instead, is its location at the ancient crossroads of trade between Asia and Europe.

Don't Miss:
-
China urges ‘constructive dialogue’ with EU in high-level call with France
-
Hong Kong airport builds third runway with strategy to help marine environment thrive
-
Cambodia, Thailand take US$300 billion seabed dispute to UN
-
Hong Kong visitor arrivals hit post-pandemic monthly high in August
-
Indonesian finance minister found out about his firing in mid-meeting phone call

When Great Powers Talk, Who Speaks for Asia
About the China Capital investigation
Frequently asked questions about the China Capital investigation