Syria and Saudi Arabia sign defence cooperation deal and agree more than $403m in loans
Syria and Saudi Arabia have signed a defence cooperation agreement and agreed more than $403m in Saudi loans for Syrian sectors, according to statements released after talks in Riyadh. The agreements were overseen by Syrian President Ahmed al-Sharaa and Saudi Crown Prince Mohammed bin Salman during al-Sharaa's second visit to the Saudi capital in less than a month. The deal adds a new defence dimension to a relationship that has been widening through diplomacy and financial support.Syria's Foreign Ministry described the defence cooperation accord between the two countries' defence ministries as the most notable of the agreements, but did not... [Continue Reading]
360LiveNews | 05 Nov 2026 04:29 LONDON
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Bank of England expected to raise rates for first time in more than three years
The Bank of England is expected to raise interest rates on Thursday, in what would be the first increase in the benchmark rate for more than three years. Most analysts are forecasting a rise from 3.75% to 4%, a move that would increase borrowing costs for households and businesses while improving returns for savers. The announcement is due at 12:00 GMT, with markets also watching closely for any guidance on the future path of policy.The expected decision comes after the Monetary Policy Committee left rates unchanged at its last six meetings. The Bank rate has fallen from its 2023-24 peak... [Continue Reading]
360LiveNews | 05 Nov 2026 00:32 LONDON
Ukraine to channel up to €1bn in EU loans into joint defence projects
Ukraine is set to redirect up to €1 billion from its European Union loan funding into joint defence-industrial projects with European partners, according to a confidential European Commission document. The plan would focus on air and missile defence, drones, counter-drone systems and ammunition, and is intended to deepen cooperation between Kyiv's defence sector and manufacturers in Europe. It comes as Ukraine continues to seek ways to strengthen weapons production while managing mounting financing pressures linked to the war effort.The document says the money would go to the European Defence Industry Programme / Ukraine Support Instrument, which is currently worth €300... [Continue Reading]
360LiveNews | 02 Nov 2026 16:35 LONDON
EU reopens €21.3bn in unused SAFE defence loans and urges joint projects with Ukraine
The European Commission has reopened €21.3bn in unused defence loans under the Security Action for Europe programme and is pressing member states to consider joint projects with Ukrainian companies. The move comes as Ukraine faces a large budget shortfall and continues to deal with damaging airstrikes. The funding round is part of the EU's effort to strengthen defence production and capabilities while also supporting cooperation with Kyiv.The new call for proposals runs until 13 November, after several member states borrowed less than expected in the first round. Italy, Hungary and France were among those that took up far less than... [Continue Reading]
360LiveNews | 29 Oct 2026 16:00 LONDON
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