SYRIATV — broadcast
20261012 010000 UTC
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[00:00:02] of gasoline and its rise have also
[00:00:15] by the Houthi group on
[00:00:25] exchange rate and its impact on
[00:00:27] its full solidarity with
[00:00:33] Welcome, viewers, to this news hour from buying and selling activity in the
[00:00:37] Syria TV. We begin with the top
[00:00:38] headlines.
[00:00:43] of all employees are in The Central Bank of Syria issues its first documentary credit to facilitate
[00:00:46] an agreement for the supply of
[00:00:50] company has faced many oil products between the Syrian Petroleum Company and Saudi
[00:00:53] Aramco.
[00:00:57] Syria reaffirms its solidarity with
[00:01:00] against Houthi attacks, and one person
[00:01:03] died and 11 others were injured in
[00:01:06] a new attack on Riyadh
[00:01:11] exchange rate and its impact on Airport. Foreign Minister Asaad Al-Shaibani discusses with the Deputy
[00:01:15] Commander of the Army in Benghazi
[00:01:17] especially since Syria relies heavily on the opening of a Syrian consulate
[00:01:18] imports to cover its energy and the file of missing Syrians in
[00:01:23] how will this agreement Libya. The legitimate president says that
[00:01:26] Syria is qualified to be a regional center
[00:01:31] times rests with the relevant for technology and digital services, and will rely
[00:01:33] heavily on Syrian competencies abroad.
[00:01:36] الخارج.
[00:01:45] Welcome back. The Central Bank of Syria
[00:01:48] executed its first documentary credit for
[00:01:52] a deal to supply oil products with major
[00:01:54] the price of the chicken today international companies. The bank clarified
[00:01:57] that it concluded the first
[00:02:00] the Central Bank is indeed deal for the supply of
[00:02:01] local production and its energy oil products between the Syrian Petroleum Company and Saudi
[00:02:05] 30,000 barrels of Aramco, opening a new path
[00:02:08] to secure oil supplies to Syria through
[00:02:11] direct commercial and banking arrangements.
[00:02:15] emphasizing that insistence on to cover a very large part of The bank pointed out that this development
[00:02:17] reflects the role of the Central Bank of Syria in preparing the necessary
[00:02:22] Syria relies on banking channels to finance strategic trade
[00:02:25] and coordinating the documentary procedures with the relevant
[00:02:30] much. There are big differences for the citizen, parties. For its part,
[00:02:32] affected the economy, the Syrian Petroleum Company said that this
[00:02:37] liras, and the market rises for them. million dollars per month, step is important to strengthen mechanisms for financing oil supplies and open more
[00:02:40] effective channels for commercial
[00:02:43] transactions.
[00:02:48] The Syrian Petroleum Company
[00:02:50] And through this reported that 15 tankers
[00:02:53] loaded with refined oil products are currently
[00:02:57] in waiting areas to complete entry
[00:03:00] and unloading procedures through
[00:03:02] From a technical perspective, Syrian terminals and ports. The Syrian Oil Company
[00:03:06] stated in a statement to SANA
[00:03:09] that among the tankers, six
[00:03:13] the rise in the dollar are loaded with diesel and nine
[00:03:15] are loaded with gasoline. It indicated that these
[00:03:19] Syria's full solidarity with
[00:03:19] that prevents these crises supplies come within the framework of continuous efforts
[00:03:22] to secure the needs of the local market and enhance
[00:03:26] the availability of refined
[00:03:29] it is greatly affecting oil products.
[00:03:43] is having a big impact on
[00:03:49] Airport, stressing that this
[00:03:55] of disconnection
[00:03:57] from this type of operation,
[00:04:16] Airport in Riyadh To discuss this further, we are joined by economic expert Dr. Mahmoud Abdel
[00:04:20] authorities in the Syrian Karim, live from Dubai. First, welcome
[00:04:22] Dr. Mahmoud. So, what is the importance of the success
[00:04:26] of the Central Bank of Syria in executing the first
[00:04:29] documentary credit with a large company like Saudi
[00:04:35] we bring expensive goods. When the dollar falls Aramco? Good morning to you and the dear
[00:04:38] viewers. This step
[00:04:40] is being verified in coordination represents a great development in Syria's return
[00:04:44] discourse reserve. That is, we must always to international banking transactions, and its importance is that it doesn't
[00:04:46] guarantee the existence of this affect the import of oil derivatives
[00:04:49] from a company the size of Saudi Aramco, but rather
[00:04:52] it relates to rebuilding trust in the Syrian banking system and opening official
[00:04:56] channels to be able to finance foreign trade,
[00:05:00] especially after the long years of restrictions
[00:05:03] and financial difficulties. That is, today, the Central Bank announced
[00:05:07] that it carried out the first documentary credit operation in
[00:05:10] 14 years in favor of the Syrian Petroleum Company to supply
[00:05:14] oil derivatives from Aramco Company, which is affiliated with Saudi Aramco,
[00:05:17] and of course, this was in coordination with a major American bank.
[00:05:21] Here, we are not talking only about a commercial agreement, but rather
[00:05:25] we are talking about an actual banking operation through
[00:05:28] channels, through international channels, and this is
[00:05:31] the most important aspect of the news. And the documentary credit, just
[00:05:35] to simplify it for the viewer, it is a commitment
[00:05:38] from the bank to pay the value of the goods to the supplier
[00:05:42] when they submit the required documents proving shipment
[00:05:45] according to the terms and contract. This mechanism
[00:05:48] reduces the risk of non-payment for the supplier and provides
[00:05:52] importers with guarantees related to the documents
[00:05:55] and helps regulate the import process more effectively,
[00:05:58] because in recent years, the Syrian
[00:06:02] difficulties in making transfers and external
[00:06:06] payments. Therefore, some import operations were conducted
[00:06:09] through intermediaries and complex
[00:06:13] financial arrangements. However, direct dealings with a company
[00:06:16] the size of Aramco and through organized banking channels
[00:06:20] will greatly help reduce some of these costs and improve
[00:06:24] the system and the arrival of oil derivatives,
[00:06:31] needs. I wanted to ask you about this point:
[00:06:35] affect the availability of oil derivatives and their prices
[00:06:38] also within Syria? That is, it will certainly have an impact on the availability
[00:06:42] of these derivatives, won't it?
[00:06:46] There is no doubt about that. There is no doubt that it will have
[00:06:49] an impact on derivatives, and this is one of the most important direct
[00:06:52] expected effects of this agreement, because it will help improve
[00:06:56] the availability of oil derivatives in the Syrian market and reduce the chances
[00:06:59] of shortages of gasoline and fuel oil, especially
[00:07:03] if this operation turns into regular supplies and not just
[00:07:06] a single deal. We all know that Syria
[00:07:10] suffers from a large gap between
[00:07:13] needs, because needs reach
[00:07:17] oil, while local crude oil production
[00:07:20] hovers around 10,000 barrels. This means
[00:07:23] imports will remain necessary
[00:07:27] the demand, with the need to distinguish between crude oil and refined
[00:07:30] products. Most importantly,
[00:07:34] imports to secure about 74% of
[00:07:38] its fuel oil needs and about 81% of gasoline.
[00:07:43] Therefore, according to these announced figures
[00:07:46] and these very high percentages, it means
[00:07:50] that any delay in the arrival of shipments will certainly be reflected
[00:07:53] very quickly in the availability of fuel at distribution
[00:07:56] stations and in activities such as transportation,
[00:08:00] industry, and agriculture.
[00:08:03] accreditation or this agreement, we will overcome
[00:08:06] a gasoline crisis every now and then, as is currently happening,
[00:08:10] isn't it?
[00:08:15] yes, from a technical perspective, yes, and this is what can make
[00:08:18] a real difference for the Syrian market, because the problem
[00:08:21] is, the problem is not just securing a shipment of gasoline or diesel
[00:08:25] when a crisis occurs, but rather it is about building
[00:08:29] a stable supply structure
[00:08:32] from recurring in the first place. Syria has been suffering for years from a recurring
[00:08:35] problem, which is the supply of oil derivatives that does
[00:08:38] not always match the volume of local consumption. Therefore,
[00:08:42] when a shipment is delayed or a payment operation is disrupted,
[00:08:46] the available quantities start to decrease,
[00:08:49] and you see congestion at fuel stations.
[00:08:52] And the numbers, as we mentioned, show that we
[00:08:55] have a huge problem, meaning we have a problem
[00:08:58] in covering Syria, because Syria relies on imports for about
[00:09:02] 81% for gasoline and
[00:09:05] 74% for fuel oil.
[00:09:09] But I believe that the letter
[00:09:13] of credit alone is not enough to prevent crises. There are three things
[00:09:16] that must be achieved with it: first, the regular arrival
[00:09:19] of shipments, as you mentioned,
[00:09:23] and the availability of an appropriate strategic reserve, and improving
[00:09:27] storage, transportation, and distribution capacity within Syria.
[00:09:30] That is, if we just take an example, if Syria's
[00:09:34] consumption is 8 million liters per day, if there
[00:09:37] is a reserve covering 15 days, it needs about
[00:09:41] 120 million liters. And if the coverage
[00:09:44] is increased to 30 days, we are talking about 240 million
[00:09:48] liters, and these are illustrative calculations just for the size
[00:09:51] of the required reserve, meaning these are not figures for the currently available
[00:09:58] reserve. This is 100%
[00:10:01] accurate, because the reserve always seeks
[00:10:05] to address the issue. That is, addressing the crisis
[00:10:08] requires prior planning, and not just the arrival
[00:10:12] of scattered shipments, as well as the
[00:10:15] reserve needs financing and storage
[00:10:18] spaces and large operational capacity. Also, there is another point,
[00:10:22] if you allow me, a significant financial aspect.
[00:10:25] Because the bill for crude oil and its derivatives imports,
[00:10:28] as the Minister of Energy stated in the People's Assembly,
[00:10:32] was estimated at about 831 million dollars per
[00:10:36] month. Therefore, stable supplies require regular
[00:10:39] financing and the availability of foreign currencies, not
[00:10:43] just signing agreements with suppliers.
[00:10:45] And I believe that the mistake that should be avoided
[00:10:49] is moving from one crisis to
[00:10:52] another and then dealing with each crisis yesterday as an emergency.
[00:10:56] What is required today is that the Syrian Petroleum Company has
[00:10:59] a clear monthly supply plan and has
[00:11:03] a strategic reserve and a stable banking mechanism
[00:11:07] that ensures the execution of payments
[00:11:09] on time. These points that you mentioned,
[00:11:12] are they really being studied by the Central
[00:11:16] Bank?
[00:11:20] Well, our problem is always the lack of transparency.
[00:11:24] Now, it is supposed that studying market needs
[00:11:27] and supply sources is a fundamental part of the work
[00:11:30] of the Central Bank in coordination with the Ministry
[00:11:34] of Energy and the Syrian Petroleum Company. But let's distinguish
[00:11:37] between the responsibilities of these institutions. The Central
[00:11:40] Bank is responsible for the monetary aspect, including
[00:11:44] payment mechanisms and providing the necessary channels
[00:11:47] for external transfers, while the responsibility
[00:11:51] for determining the quantities of gasoline and fuel oil and delivery
[00:11:56] authorities in the sector. What I see today
[00:11:58] is that the study should not be limited
[00:12:02] to how to finance. We are focusing only on how the financing
[00:12:05] is done, meaning that the opening of a letter of
[00:12:08] credit must include import needs
[00:12:12] during the coming months and the necessary dollar
[00:12:15] sources to cover it and the ability
[00:12:18] of banks to execute payments in a regular
[00:12:21] manner. And according to what was announced,
[00:12:25] working with the Syrian Petroleum Company to develop
[00:12:29] financial and documentary arrangements
[00:12:32] to be able to continue supplying. However, there are no
[00:12:36] published details yet
[00:12:39] that prove the existence of a complete plan that specifies the monthly
[00:12:42] financing amount, nor the delivery dates for shipments, nor the quantities
[00:12:45] that will arrive in the market. And here, I believe that financial
[00:12:49] planning must be linked to oil planning.
[00:12:53] That is, if the oil and its derivatives import bill
[00:12:56] reaches 831
[00:13:00] it is necessary to know how these
[00:13:03] needs will be financed continuously, and not just
[00:13:07] how a letter of credit will be opened for a single deal.
[00:13:10] And the real test of the success of these arrangements is the availability
[00:13:14] of foreign currencies on time and the arrival of shipments
[00:13:17] without any delay, or the decline
[00:13:21] of recurring gasoline and fuel oil crises, or their return.
[00:13:24] So, the success of the Central Bank is not measured only
[00:13:28] by the execution of the banking operation, but rather by the extent
[00:13:31] of its contribution to stable supplies and in cooperation with the responsible
[00:13:35] authorities for energy. In your opinion, does
[00:13:39] this agreement today or this credit that
[00:13:42] the Central Bank executed reflect greater regional
[00:13:45] confidence in the Syrian Bank now?
[00:13:48] And is it possible that we will see other credits in different
[00:13:52] sectors in your opinion in the next
[00:13:56] enhances regional confidence, but it is important to distinguish
[00:13:59] between gradually restoring confidence and fully restoring
[00:14:02] it. We are facing a positive banking step
[00:14:06] that has economic significance, no one denies that,
[00:14:09] but it alone is not enough to judge the strength of the Syrian banking system
[00:14:12] or its ability to deal with all regional and international
[00:14:16] banks. That is, after 14 years
[00:14:22] the Central Bank announced that it carried out this
[00:14:25] documentary credit operation to import oil
[00:14:28] derivatives with Aramco in coordination with an American
[00:14:31] bank. This operation certainly gives a signal
[00:14:35] that there is a possibility to resume Syrian
[00:14:39] commercial transactions through official banking
[00:14:42] channels, which is a very important matter for suppliers
[00:14:46] and banks in the region. Banking confidence, as you
[00:14:49] mentioned, is not built only on political relations
[00:14:53] and signing agreements, but also on the ability of
[00:14:57] banks to fulfill financial obligations and adhere
[00:15:00] to international rules and settle payments and, most
[00:15:03] importantly, the availability of necessary information about the source of
[00:15:07] funds and the nature of commercial operations. Thank you very
[00:15:11] much, Dr. Mahmoud Abdel Karim, economic expert, who was with
[00:15:15] us live from Dubai.
[00:15:27] The Syrian pound recorded a new decline in
[00:15:31] the exchange market against the dollar and foreign
[00:15:34] currencies after it witnessed a rapid decline during
[00:15:38] The pound's price dropped to 141
[00:15:42] against the US dollar, due to external
[00:15:45] and internal factors, including
[00:15:47] the repercussions of raising the prices of oil
[00:15:51] derivatives.
[00:15:55] Syria TV monitored the opinions of residents in Damascus
[00:15:59] city regarding the rise in the dollar
[00:16:03] prices and the purchasing power of citizens, in
[00:16:06] addition to its impact on
[00:16:09] markets.
[00:16:15] The dollar has raised everything. Prices of food
[00:16:19] and essential goods in the daily lives of citizens. We,
[00:16:22] the people, have endured 14 years of war. People need money
[00:16:25] to live. The price of electricity has risen, the price of
[00:16:28] water, the price of bread. Now the price of fuel and gasoline has risen, which has also raised
[00:16:31] all prices. The citizen cannot afford to live. We need the dollar
[00:16:35] price to drop so that people can live. That is, it is certainly
[00:16:39] a bad indicator and negatively affects
[00:16:42] the life of the citizen because the citizen means everything is expensive.
[00:16:46] Prices are high, fuel and all prices are
[00:16:49] high. So the citizen doesn't need
[00:16:51] more expensive things.
[00:16:54] That means, the situation is that
[00:16:57] it's one price today, and a higher price tomorrow.
[00:17:01] And on and on. This is really exhausting for the citizen. I
[00:17:05] travel every now and then, meaning I come every now and then,
[00:17:09] and I find prices are high due to the rise in the dollar price. So I hope
[00:17:13] the economic situation improves. The impact of the exchange rate today
[00:17:16] is very significant on us. For example, today
[00:17:19] you find an item
[00:17:22] costs 20, and the next day we find it at 25. Of course, the employee today
[00:17:25] barely earns a salary of a million or so,
[00:17:28] or their income or salary is a million or a little more. But today,
[00:17:32] how will the citizen live? On what basis will the
[00:17:36] citizen live? We, today, as a citizen, I am a laborer.
[00:17:39] I work, I eat; I don't work,
[00:17:43] I don't eat. How about the employee, or a driver, or an ordinary
[00:17:46] worker? Of course, the exchange rate will affect us. It affects
[00:17:50] us as clothing vendors. For example, we used to bring
[00:17:53] a commodity at a certain price when it was 1000 pounds, or let's
[00:17:57] say the 1000 pounds on the new currency. Now we have to raise the price of the commodity.
[00:18:00] The citizen really doesn't have the ability to pay for a pair of pants or
[00:18:03] a shirt at high prices. So it
[00:18:09] the market in general. This price and the fluctuation of
[00:18:13] the exchange rate affect us. Now, whether it goes down or up, it affects us.
[00:18:17] Now the market is a little bit up, but we, I mean,
[00:18:20] we have a thing that when it starts to go up, everyone
[00:18:24] rushes to get dollars, meaning it increases its rise.
[00:18:27] The demand for the dollar increases, even if they don't need it, but it's like
[00:18:31] they're used to it, or something, that when it starts to go up, everyone
[00:18:35] rushes to get dollars. When it starts to go down, everyone rushes to demand Syrian pounds. So this
[00:18:38] increase in demand immediately affects its exchange
[00:18:41] rate.
[00:18:45] In Homs, Syria TV also monitored the effects of
[00:18:50] exchange rate on prices, purchasing power, and
[00:18:53] market activity.
[00:19:01] Well, regarding the situation of the pound and its decline, today
[00:19:06] the market we are in. That is, today, yesterday
[00:19:10] the pound was 138,
[00:19:14] and it reached 139. Today we opened
[00:19:16] at 141. So this
[00:19:20] customers. Those who want to sell Syrian
[00:19:24] pounds today and buy dollars, we are suffering a lot with them.
[00:19:28] That is, there should be a solution
[00:19:31] to the issue or we should stabilize
[00:19:33] the pound's price.
[00:19:41] The lira is declining. This greatly affects the economic
[00:19:45] situation in the country, and you see the situation,
[00:19:48] meaning high prices, high prices of goods,
[00:19:51] high prices for traders, and traders immediately take advantage of this
[00:19:54] point. They immediately raise prices. When the lira
[00:19:58] falls, it improves, but nothing improves.
[00:20:00] يتحسن
[00:20:05] Our work depends on the dollar because three of our products
[00:20:09] come from abroad. When the dollar rises,
[00:20:13] by 100 liras, the goods do not fall at all. They remain the same.
[00:20:16] Customers come to us and are surprised why the goods are expensive and the dollar has fallen.
[00:20:20] This greatly affected our work. This greatly affected
[00:20:24] us. We can't do anything else.
[00:20:25] How do they support it?
[00:20:29] Syria TV also monitored the opinions of residents in
[00:20:32] Latakia city regarding the rise in the dollar exchange
[00:20:35] rate and its repercussions on living
[00:20:38] costs.
[00:20:45] It has all affected the market. Work is completely stopped, and gasoline
[00:20:49] has also affected us. The scarcity
[00:20:52] affected the market.
[00:20:55] The goods are decreasing, and our profits are also decreasing. That is, it's not just that the goods
[00:20:59] are decreasing, but profits are also decreasing. We don't have any profit margin left for us.
[00:21:02] That is, as traders, we don't have a profit margin, and sales are
[00:21:06] sales are almost non-existent. That is, you bring goods, you sell
[00:21:10] one or two or three sales, for example, with a profit, and then everything is at a loss,
[00:21:13] below its capital. As soon as the dollar price rises,
[00:21:17] prices immediately rise by themselves. It's inevitable. Immediately
[00:21:20] all goods rose immediately. All goods rose, and when it falls,
[00:21:24] it's the same thing. Even if the dollar falls, prices
[00:21:27] remain high on their own. They just hear that the dollar has risen, and they rise on their own. It affects
[00:21:31] generally because the salaries
[00:21:33] Syrian pounds, and there are no increases. Salaries are limited.
[00:21:37] Today, the dollar is rising, and all food items are rising with it, and all food
[00:21:40] commodities are rising with it, and all goods are rising, and this
[00:21:44] will inevitably affect the citizen in this matter. That is, today,
[00:21:47] when your salary is, for example, a million,
[00:21:50] a million and a half, let's say 100 dollars,
[00:21:51] what will you do with 100 dollars today in this situation?
[00:21:54] We also monitored the opinions of residents in Idlib
[00:21:58] city regarding the rise in the dollar
[00:22:01] purchasing power of citizens and market
[00:22:04] activity.
[00:22:10] The fluctuation in the exchange rate is what is affecting us greatly. Today,
[00:22:13] each person or each vendor exchanges the currency as
[00:22:16] they wish. This is what the citizen is suffering from greatly. For example,
[00:22:20] 100 Syrian pounds, he calculates it at
[00:22:23] 35. You go to another person, he calculates it at 28. You go to another
[00:22:27] one, so this is greatly affecting the citizen in terms of the exchange
[00:22:30] rate. You know the high prices that are currently happening.
[00:22:33] So the market situation is zero. For example, when
[00:22:37] we go to buy a chicken or sugar or something,
[00:22:40] you tell the grocer or the seller, for example,
[00:22:44] is, let's say, 150 Turkish Liras or 130 or so,
[00:22:48] then you come to pay him.
[00:23:00] The price is very bad, and
[00:23:03] we cannot buy because
[00:23:06] of these differences. It has greatly affected us. You go to buy
[00:23:10] a kilo of sugar, its price is something completely
[00:23:13] different. That is, it doesn't decrease.
[00:23:16] If it decreases, it doesn't decrease
[00:23:20] especially for employees, especially at the beginning of the month when salaries are
[00:23:23] paid. The lira drops by two or three The damage is affecting
[00:23:27] the weak class. And the reason is known and clear.
[00:23:31] That is, the pumping of currency at the beginning of the month
[00:23:34] for employees is being tampered with by the bank. That is,
[00:23:37] the Central Bank should intervene to stabilize the Syrian pound.
[00:23:53] Foreign Minister Asaad Al-Shaibani made a phone
[00:23:57] call to his Saudi counterpart, Faisal bin Farhan,
[00:24:00] and discussed the latest regional developments.
[00:24:02] According to a statement from the Ministry of Foreign
[00:24:06] Affairs, Al-Shaibani affirmed
[00:24:09] Saudi Arabia in confronting the escalation of Houthi militia
[00:24:13] targeting of civilian facilities. He indicated
[00:24:16] that the security of the Kingdom of Saudi Arabia is an integral
[00:24:20] part of the security of Syria and the region. He also
[00:24:23] offered his sincere condolences for the victims of the targeting of
[00:24:26] King Khalid International Airport in Riyadh. The Ministry
[00:24:30] of Foreign Affairs also condemned earlier yesterday, Sunday, the targeting
[00:24:34] by the Houthi militia of King Khalid International
[00:24:39] attack constitutes a flagrant violation of the Kingdom's
[00:24:42] sovereignty and a direct threat to its security
[00:24:45] and stability, and to the safety of civilians and civilian
[00:24:48] facilities.
[00:24:53] The Saudi Civil Aviation Authority announced the death of a Pakistani
[00:24:57] resident and the injury of 11
[00:25:00] people in a new Houthi attack on King Khalid International
[00:25:06] yesterday, Sunday. The authority also confirmed
[00:25:09] in a statement that King Fahd International
[00:25:13] Airport in Dammam was subjected to an attack
[00:25:16] amid the continued blatant attacks targeting
[00:25:20] civil aviation facilities in the Kingdom, explaining
[00:25:23] that an assessment of the damage is underway
[00:25:26] and the safety of the facilities
[00:25:30] with the relevant authorities.
[00:26:08] Saudi Arabia, Egypt, Pakistan,
[00:26:11] and Turkey issued a joint
[00:26:13] statement condemning the continuous attacks
[00:26:18] Saudi Arabia, especially the targeting of King Khalid
[00:26:22] International Airport, describing it as a flagrant
[00:26:25] violation of international law. The group affirmed
[00:26:30] Saudi Arabia and its support for all measures
[00:26:33] and steps it takes to confront these
[00:26:37] attacks and prevent their recurrence, holding
[00:26:40] the Houthi group fully responsible for these
[00:26:43] actions and their consequences, which threaten regional
[00:26:46] and international peace and security,
[00:26:49] and demanding their immediate and unconditional
[00:26:53] cessation.
[00:26:53] Saudi Energy
[00:26:57] Minister Abdulaziz bin Salman confirmed that the Kingdom
[00:27:00] has proven its ability to ensure the reliability of energy
[00:27:04] supplies, and to continue investing and preparing
[00:27:07] to confront various circumstances and challenges. He pointed
[00:27:11] out that Riyadh has become today the capital of energy
[00:27:14] security globally, and that the Kingdom
[00:27:18] is committed to fulfilling its obligations
[00:27:21] and is keen to enhance the reliability of
[00:27:24] energy supplies in all circumstances. He explained that the
[00:27:28] East-West pipeline confirms this fact
[00:27:30] and embodies the Kingdom's foresight
[00:27:33] in enhancing the resilience of the energy system, as
[00:27:37] it provides an alternative path for transporting supplies to
[00:27:41] global markets via Yanbu on the Red
[00:27:44] Sea.
[00:27:50] Iranian Foreign Minister Abbas Araqchi
[00:27:53] expressed his country's readiness to help
[00:27:56] initiate talks between Saudi Arabia and the Houthis.
[00:28:00] This came during a phone call he received
[00:28:03] from Araqchi, according to a statement published by the Saudi Ministry
[00:28:06] of Foreign Affairs. For its part, the Iranian Ministry
[00:28:10] of Foreign Affairs said that Araqchi expressed concern
[00:28:14] about the escalating tensions,
[00:28:17] the military approach and ignoring a political solution
[00:28:21] would further complicate the current situation.
[00:28:23] The Yemeni
[00:28:29] army announced the execution of 1,000
[00:28:35] precise and direct targeting operations against
[00:28:38] military targets belonging to the Houthi militia,
[00:28:42] coinciding with the advance of its forces on the offensive
[00:28:45] axes within Operation Dawn of Yemen. According
[00:28:49] to the statement, the operations resulted in the killing
[00:28:52] of more than 900 Houthi elements and the destruction
[00:28:55] and disabling of about 300 vehicles,
[00:28:58] and military equipment. The Yemeni army added that
[00:29:02] it destroyed military vehicles, artillery,
[00:29:06] and barracks belonging to the Houthi group
[00:29:09] in Marib fronts.
[00:29:23] Foreign Minister Asaad Al-Shaibani discussed with the Deputy
[00:29:27] Army Commander in Benghazi, Saddam Khalifa Haftar, the file
[00:29:31] of missing Syrians in Libya, during
[00:29:34] an official visit to the Libyan city of Benghazi.
[00:29:37] SANA news agency said that the two parties
[00:29:41] discussed the opening of the Syrian consulate in Benghazi
[00:29:45] city, in addition to joint security
[00:29:48] files.
[00:29:54] The Ministry of Foreign Affairs held a consultative
[00:29:57] workshop in Damascus to develop a national
[00:30:00] approach to dealing with hate speech
[00:30:03] with the participation of the concerned national authorities
[00:30:06] and with technical facilitation from experts of the Office of the Special
[00:30:10] Envoy of the Secretary-General of the United Nations to
[00:30:12] Syria. openings for doubt
[00:30:16] and fear that have taken root, while the Ministry of
[00:30:20] Foreign Affairs, in cooperation with all government,
[00:30:24] is working to rid Syria of these effects.
[00:30:27] The era of Assad's chemical and other weapons that he left
[00:30:37] form that the Syrian people deserve, including now.
[00:30:41] We notice
[00:30:43] the existence of an uncontrolled
[00:30:47] that is not consistent with the principles of the Syrian people. and it is not compatible with the values
[00:30:50] that the Syrian people represent. Of course, the Syrian people reject it.
[00:30:54] In essence, fundamentally, this
[00:30:57] situation has been transformed.