Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Iran, Syria to increase economic ties through potential joint bank

  • By Al Mayadeen English
  • Source: Agencies
  • 3 May 2023 21:32
3 Min Read

Iranian media reports that on that day, Iranian President Ebrahim Raisi and Syrian President Bashar Al-Assad signed 15 cooperation agreements regarding trade and economy.

  • x
  • Syria's President Bashar al-Assad stands with Iranian President Ebrahim Raisi in Damascus, Syria on May 3, 2023 (SANA/Reuters)
    Syria's President Bashar al-Assad stands with Iranian President Ebrahim Raisi in Damascus, Syria on May 3, 2023 (SANA/Reuters)

During an official visit from Iran to Syria, Iranian Minister of Roads and Urban Development Mehrdad Bazrpash stated on Wednesday that both nations are discussing plans to create a joint bank in an effort to develop economic ties further. 

Iranian media reported earlier that day that Iranian President Ebrahim Raisi and Syrian President Bashar Al-Assad signed 15 cooperation agreements. 

Cited by the Nour News agency, Bazrpash said: "[The establishment of] a joint bank is [planned]. The Iranian economy minister [Ehsan Khandozi] will hold talks with the head of the Syrian central bank [Muhammad Hazima]". 

Read more: Syrian President Bashar Al-Assad arrives in Moscow: Office 

من وصول الرئيس الإيراني إبراهيم #رئيسي إلى مطار دمشق الدولي #سورية
التفاصيل تجدونها على الرابط: https://t.co/k94rtFGceX pic.twitter.com/LfoOGRXmfc

— الوكالة العربية السورية للأنباء - سانا (@SanaAjel) May 3, 2023

Raisi arrived in Syria on Wednesday for a two-day visit, making it his first trip to Damascus since the breakout of the war on Syria in 2011. The last Iranian president who paid a visit to Syria was Mahmoud Ahmadinejad a year prior in 2010.

Related News

Fierce clashes breakout in Syria's Sweida, leading to displacement

Lebanese Army arrests 10 individuals suspected of terrorism

Before leaving for Damascus, Raisi articulated that it has become clear to everyone that the Syrian government must have the right to sovereignty and territorial integrity over all Syrian territories. He expressed his hopes that this visit would aid in the development and expansion of Iranian-Syrian relations and that it would be a useful and influential visit for relations between the two countries.

Raisi stressed that "the groups created by the Americans, such as ISIS and others, shed blood and created chaos in the region and committed many crimes."

بزودی همراه با دکتر رئیسی عازم #سوریه هستم.اهمیت این سفر علاوه ‌بر ابعاد سیاسی، امنیتی و اقتصادی، بيانگر تجلی پیروزی اراده‌ی سیاسی مقاومت و موفقیت دیپلماسی دولت در تکمیل روند همگرایی منطقه است.
یاد سردارسلیمانی عزیز و همه شهدا که امنیت را به ایران و‌ منطقه هدیه کردند، گرامی باد. pic.twitter.com/oOoN6zksFe

— H.Amirabdollahian امیرعبداللهیان (@Amirabdolahian) May 2, 2023

In an exclusive interview with Al Mayadeen, broadcast on Tuesday about several political subjects, he spoke most notably of the details of the Iranian-Saudi rapprochement, Iran's accession to the Shanghai Cooperation Organization, and relations with Syria.

Raisi said that Tehran declared, from the outset, that its policy was to "go to neighboring countries," and its decision was to establish good relations and good dealings with neighboring countries, and "to use the energies of the countries of the region to raise the level of relations" in all political, economic, cultural, and social fields.

Iran and Syria signed a joint comprehensive agreement in July 2020 to boost their cooperation in the military and defense fields. It began providing Syria with advisory military assistance after several countries, including the US, "Israel," and their proxy allies waged aggressions on the country with the aim of deposing President Al-Assad. 

Through joint collaborative efforts, along with assistance from Russia, the two countries managed to repel large swathes of ISIS factions.

  • Syria
  • Mehrdad Bazrpash
  • Bashar al-Assad
  • Iran

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS