But the country must also modernise monetary policy, rewire banking and reconnect with global markets, argues Abdulkader Husrieh

President Trump says he will move to normalize relations and lift sanctions on Syria's new government to give the country "a chance at peace."

The foreign ministers of Turkey, the United States and Syria will meet in southern Turkey on Thursday to discuss details of U.S. President Donald Trump's pledge to lift sanctions on Syria, Turkish Foreign Minister Hakan Fidan said on Wednesday.

The US president gets a "lavender-carpet" reception on a whirlwind visit of Gulf countries mainly focused on shoring up investment.

President Donald Trump said Monday the tariffs against China would "go up substantially higher" than 145% if a longer-term trade deal is not reached before 90 days.

Turkish companies and banks will benefit from a lifting of U.S. sanctions on Syria, Onur Genc, chief executive officer of BBVA said on Wednesday.

The announcement came despite concerns within parts of Trump's administration because Sharaa was previously designated a terrorist by Washington due to past links to al-Qaeda. Sharaa renounced ties to the group in 2016.