After more than a decade of economic isolation, Syria is stepping back into the global financial ecosystem following the US government’s decision to lift long-standing sanctions. In a swift response, Binance—the world’s largest cryptocurrency exchange by trading volume—announced it will now offer its services to users in Syria.

Read-Saudi Arabia, Qatar to settle Syria’s outstanding arrears to World Bank

The move marks a pivotal moment for financial inclusion in the war-torn nation. Binance, which holds 21 regulatory licenses worldwide, will enable Syrian users to access a full suite of crypto services, including spot and futures trading, digital asset staking, stablecoins, and Binance Pay for cross-border remittances.

Localised support and educational materials in Arabic are also being rolled out to ease onboarding and ensure secure participation in the digital economy.

Cryptocurrency: A lifeline for millions

Syria has a population of around 24 million people, with another 8 to 15 million living abroad. Years of economic hardship and soaring inflation have left many families dependent on informal financial networks and remittances from overseas.

In fact, Syria ranked among the top 10 countries globally for crypto-related search activity as recently as 2021—a clear sign of its population’s interest in alternative financial tools.

“After years of exclusion, Syrians now have the chance to build, invest, and connect,” said Richard Teng, CEO of Binance. “This isn’t just about opening accounts; it’s about opening futures and horizons.”

Binance says it will support Syrian users with ongoing educational initiatives and secure access to digital financial tools. The company frames the move as part of its broader mission to promote global financial inclusion.

Qatar-led power project could transform energy landscape

Alongside digital reintegration, Syria is also poised for a major physical infrastructure overhaul. A $7bn plan led by Qatar’s UCC Holdings aims to significantly boost Syria’s electricity generation capacity with the construction of four combined-cycle gas turbine plants and a solar facility.

Announced at the end of May 2025, the deal represents Syria’s largest foreign investment since the sanctions were lifted. However, its success hinges on a critical precondition: fixing the country’s dilapidated power grid.

Years of war and looting have left two-thirds of Syria’s electricity transmission infrastructure in ruins. The Energy Ministry estimates $5.5bn will be needed for grid repairs—funds the government does not currently possess.

“During that time, we may complete the grid rehabilitation,” Energy Minister Mohammed Al Bashir told Reuters, indicating that full power plant operations could begin within three years if progress continues.

IMF signals willingness to provide technical support

In another vote of confidence, the International Monetary Fund (IMF) has expressed its readiness to assist Syria with technical expertise. On May 22, IMF Communications Director Julie Kozack confirmed the Fund’s willingness to help the country rebuild its economic institutions.

“Syria will need significant assistance to rebuild its economic institutions,” Kozack said. “We stand ready to provide advice and targeted, well-prioritized technical assistance in our areas of expertise.”

This marks the IMF’s first engagement with Syria since its last Article IV economic assessment in 2009. Kozack added that the recent lifting of sanctions could play a key role in facilitating Syria’s recovery and reconstruction.

New currency printing in UAE, Germany

Another notable change in post-sanctions Syria is a shift in its currency printing strategy. According to three sources familiar with the matter, Syria plans to print new banknotes in the UAE and Germany, moving away from long-standing reliance on Russian facilities.

The change reflects Syria’s warming ties with Gulf and Western states.

A redesigned banknote will reportedly exclude the face of former president Bashar Al Assad, signaling a symbolic break from the past.

The move is aimed at easing a banknote shortage and revitalising confidence in the national currency after years of hyperinflation and devaluation.

DP World to develop Tartous Port in $800m deal

In another sign of renewed international engagement, Syria signed a memorandum of understanding (MoU) with Dubai-based DP World to develop the port of Tartous. The deal, worth $800m, includes plans to build and operate a multi-purpose terminal, along with industrial and free trade zones.

Announced on May 16, the agreement is the first major commercial port deal since the easing of sanctions. DP World is a subsidiary of the UAE’s Dubai World and has described the project as a long-term partnership aimed at boosting trade and infrastructure development in the region.

The deal was signed in the same week that former US President Donald Trump formally announced the lifting of sanctions during a visit to Riyadh.

(With inputs from Reuters)

In an age of AI algorithms, viral TikTok clips, and virtual reality experiences, one truth remains: compelling storytelling runs on human emotion.

Technology is transforming how we create and consume stories often at lightning speed but the heart of a great story still beats with a human pulse.

As businesses and content creators embrace new tech, they face a critical balancing act: leveraging cutting-edge tools to enhance narratives while preserving the emotional core that makes stories meaningful.

The timeless appeal of human connections

Consider the enduring popularity of the TV series Friends. Thirty years after its 1994 debut, audiences around the world including a generation born long after the show ended are still laughing and crying with its cast. The premise was simple (centred around a bunch of friends in New York City), yet its impact was profound. Why? Because embedded in that simple premise was the entirety of human experience – the joys, sad moments, heartache and tragedies.

The characters’ relatable struggles with love, career, and friendship resonated deeply. No amount of high-tech production or flashy effects could replace the genuine camaraderie and emotional honesty that Friends delivered. This example highlights a key point: technology can enhance distribution (from VHS tapes to streaming apps) and fan engagement, but the reason we still binge-watch and quote Friends in 2025 is the human connection at its core.

Short-form content: Speed versus soul

Today’s digital landscape is dominated by short-form content 15-second videos, bite-sized posts, fleeting Stories.

Tech platforms have enabled creators to tell stories in quick, engaging bursts, reaching millions in an instant. Indeed, the rise of TikTok, Instagram Reels, and YouTube Shorts attests to our shrinking attention spans and appetite for snappy content. Billions of these micro- videos are viewed daily, catering to a fast-paced lifestyle and the craving for instant gratification.

Short-form video allows for creative storytelling, showcasing products or services, and building brand awareness within a few seconds. This presents a huge opportunity, and challenge. In a few scrolling seconds, a creator or brand must spark an emotional reaction or deliver a memorable message.

The most successful short-form content isn’t just technically clever; it feels authentic and relatable. A 10-second clip that tells a human story or makes someone feel seen will beat a polished but soulless advertisement. Technology can get your message in front of people faster than ever, but holding their attention requires a human touch. Even in 280 characters or a one-minute video, audiences respond to personal narratives, humor, empathy, and the distinctly human elements that no algorithm can generate on its own.

Storytelling in professional communication

Beyond entertainment, storytelling has become a prized skill in business and leadership. From marketing campaigns to internal memos, professionals are recognising that cold data and corporate jargon don’t inspire people stories do. In fact, storytelling is now seen as essential for engaging all the key audiences a business cares about. In an era of information overload and rapid change, a clear narrative can cut through the noise, connecting with consumers, employees, and even investors on an emotional level. For example, tech leaders driving digital transformation often turn to storytelling to translate complex innovations into relatable visions.

As observed in the market, the power of storytelling is that it creates an emotional connection to otherwise dry facts and figures. Painting a vivid picture of why a change matters and how it will impact people gives purpose to the technical details. Equally important is authenticity: audiences can sense when a message is just corporate-speak. An audience can quickly smell whether a storyteller is being genuine or not due to the “Accessibility” of information these days and the “Awareness” that the “Accessibility” gives.

Whether speaking to colleagues in the office or even with your friends at a coffeehouse, successful communicators blend professionalism with personal sincerity. The digital medium email, video conference, social media may be enabled by technology, but the message must come from real human insight.

Especially in the Gulf’s dynamic business environment, leaders who share stories of vision, challenges, and values tend to rally more trust and loyalty than those who only share spreadsheets.

Immersive tools and the next chapter of storytelling (VR, AI and beyond)

New technologies like virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) are opening exciting frontiers for storytelling. A VR documentary can put viewers inside an experience for instance, walking in someone else’s shoes in a way traditional media never could. This “immersive” quality can blur the line between storyteller and audience.

Industry research finds that VR’s unique ability to merge the audience into the story can evoke emotional responses “much more powerful than any other storytelling medium that has come before”. A well-crafted VR experience, whether a training simulation or a marketing demo, isn’t powerful simply because of 360-degree video or interactivity it’s powerful because it makes the audience feel part of a narrative. Meanwhile, AI is emerging as a tool to generate content, personalize experiences, and aid creators in countless ways.

From algorithms that recommend stories tailored to your interests, to AI assistants that help edit videos or even draft article outlines, these tools can boost efficiency and open up creative possibilities. But here a caution is critical: AI is a supporting actor, not the star. We must remember AI and tech expert Fei- Fei Li’s words: “Artificial intelligence is not a substitute for human intelligence; it is a tool to amplify human creativity and ingenuity.”

In other words, AI can crunch data and suggest patterns, but it takes human imagination to decide what story needs to be told and why it matters.

The World Economic Forum predicts that advances in AI and VR will enable storytellers to craft richer, more immersive narratives than ever before provided we wield these innovations thoughtfully. Even as we venture into virtual worlds and algorithm-assisted storylines, the fundamental ingredients of a resonant story (a meaningful theme, emotional arcs, relatable characters) remain as crucial as ever. Technology may add new layers and dimensions to storytelling, but it shouldn’t strip away the humanity that ultimately makes a story worth experiencing.

In the fast-changing media landscape, the winners will be those who master the art of marrying technology with humanity. Gadgets and algorithms will no doubt keep improving content will be crisper, delivery will be faster, immersion will feel deeper. But the storytellers and brands that stand out will be the ones who use these advancements to amplify human voices, not silence them.

The Gulf region, with its youthful demographics and high digital adoption, is poised to lead in tech-driven media innovation. Yet our cultural heritage of oral storytelling and communal experience reminds us that at its core, storytelling is about human-to-human connection.

The heartwarming friendships in Friends, or the inspiring vision of a leader rallying their company, all go down to emotions and relationships. As we forge ahead into the future of storytelling blending corporate professionalism with creative inspiration let’s ensure that the narrative is always guided by human wisdom, empathy, and imagination.

Technology can light the path, but the human heart will always be the compass. In striking that balance, we not only tell better stories we build lasting connections that no technology can replace.

The writer is the CEO of On The Way Media Agency.

Dubai saw a surge in passenger traffic over the Eid al-Adha holiday, with authorities reporting more than 629,000 travellers crossing through its borders. The figures reflect the emirate’s position as a global transit and residence hub.

Major General Talal Al-Shanqeeti, assistant DG of the Air Ports Sector, affirmed that the figures recorded during the Eid holiday reflect Dubai’s steadily growing position as a preferred travel hub for passengers from around the world — thanks to the seamless coordination on the ground and the activation of smart systems across all entry points.

“We have made it a priority to ensure a seamless travel experience through smart gates and artificial intelligence technologies, which have contributed to speeding up procedures and improving the flow of movement.”

He also emphasised that the travel experience has become part of our commitment to enhancing quality of life, in line with the Dubai government’s approach to providing flexible services that meet individuals’ expectations and enhance the readiness of its institutions.

Here’s a breakdown of the movement and what it says about Dubai’s travel readiness:

Total travellers during Eid: Between June 5 and June 8, 629,559 passengers arrived or departed through Dubai’s air, land, and sea ports.

Dubai International Airport led the traffic: 581,527 travellers passed through DXB, highlighting its role as one of the world’s busiest international airports.

Hatta border crossing also saw high activity: 46,863 travellers crossed via the Hatta land port during the holiday period.

Maritime ports handled modest traffic: 1,169 travellers entered or exited through Dubai’s seaports.

The General Directorate of Residency and Foreigners Affairs (GDRFA) credited strategic coordination across the aviation and border sectors for managing the high volume with efficiency.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, met with executives from leading UAE-based space startups as part of efforts to expand the country’s private-sector-driven space economy.

Sheikh Hamdan, who also serves as Chairman of the UAE’s Supreme Space Council, stressed the importance of long-term investment, innovation, and strategic public-private collaboration in cementing the UAE’s position as a global space hub.

“The private sector is leading the space scene in the UAE, reaffirming the maturity of national investments that have been established over the past three decades,” Sheikh Hamdan said.

The meeting was part of broader national efforts to support a high-tech, knowledge-driven economy and to position space as a driver of sustainable economic growth.

Executives from several UAE-based companies attended the talks, including specialists in satellite imaging, internet of things (IoT), artificial intelligence, robotics, and space launch systems. Companies present included 4EI, Oryx Space, Marlan Space, Aspire Space Technology, and Aliensense.

Participants shared updates on their commercial strategies, ongoing projects, and plans to expand operations both domestically and internationally. Discussions focused on increasing collaboration with government entities and scaling investment in the country’s fast-growing space sector.

UAE primed to support private sector involvement in space sector

“The UAE has created a flexible regulatory framework and world-class infrastructure that support sustained private investment,” said Dr Hamdullah Mohib, CEO of Marlan Space.

Attendees also praised government initiatives such as the Space Economic Zones Programme, which aims to attract capital, talent, and advanced technology.

The meeting was attended by senior officials including Dr Ahmad Belhoul Al Falasi, Minister of Education and Secretary-General of the Supreme Space Council, alongside startup founders and CEOs from across the UAE.

The UAE has rapidly expanded its presence in the global space sector in recent years through high-profile missions and investments, while increasingly shifting focus toward enabling a commercial ecosystem driven by local entrepreneurs and international partnerships.

The European Commission has proposed removing the UAE from its list of high-risk countries for money laundering and terrorist financing, while adding Algeria and Lebanon along with eight other jurisdictions, according to a statement published by the commission.

Under the delegated regulation update, which may take effect within a month unless blocked by EU member states or the European Parliament, the UAE will be delisted alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda.

In contrast, Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela will be classified as high-risk jurisdictions subject to enhanced monitoring.

The EU’s high-risk list, established under the Fourth Anti-Money Laundering Directive, identifies third-country jurisdictions with strategic deficiencies in AML/CFT regimes. Inclusion prompts greater scrutiny from EU financial institutions and complicates access to funding.

Significant implications for the UAE and other countries

• UAE: Having been added to the EU’s list in March 2023, the UAE has undergone extensive reforms, including a national anti-money laundering strategy. Its removal follows its February 2024 exit from the FATF’s “grey list” and is grounded in improvements in legislative oversight, regulatory systems, and enforcement action.

Read: UAE approves new AML, CFT national strategy for 2024-27

• Algeria: Persistent concerns about corruption and financial misconduct, highlighted by a 2024 Transparency International ranking of 107th globally and high-profile prosecutions — including a five-year jail term in April for a former presidential aide — have underpinned its inclusion.
• Lebanon: Added amid its prolonged economic and political turmoil, Lebanon’s vulnerabilities include its connection to non-state armed groups.

The commission based its update on FATF’s grey list, bilateral dialogues, on-site reviews, and a thorough technical assessment. It reaffirmed alignment with FATF standards and reiterated the EU’s resolve to protect its internal financial system through global AML/CFT cooperation.

For the changes to become effective, they must undergo a one-month scrutiny period during which the European Parliament or Council can raise objections.