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.

Sharaa, the heavily-bearded former Islamist insurgent who was once the target of U.S. counterterrorism operations, has taken another step towards full acceptance under President Donald Trump. Trump announced during a trip to Saudi Arabia that he plans to lift sanctions on Syria after the fall of the Iranian-backed administration of former President Bashar al-Assad.

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

President Trump, on a state visit to Saudi Arabia, said he made the decision after speaking to the Saudi crown prince. The president is trying to drum up Saudi investment in the U.S.

U.S. President Donald Trump met Wednesday with Syria’s interim President Ahmad al-Sharaa, the first such encounter between the two nations’ leaders in 25 years.

President Donald Trump’s visit to Saudi Arabia marks a significant shift in U.S. foreign policy in the Middle East.