US ends Syria development fund, says Trump; urges 'rich countries' to pay
Washington, Aug 19 : US President Donald Trump said on Saturday that the US has ended the development fund for Syria, urging "rich countries" to pay instead.
In a tweet, Trump said "the US has ended the ridiculous $230 million yearly development payment to Syria."
"Saudi Arabia and other rich countries in the Middle East will start making payments instead of the US," he said. "I want to develop the US, our military and countries that help us!"
Earlier on Friday, the US State Department said that the fund, which was targeted to support the stabilization initiative in Syria, has been ordered to be redirected, ramping up speculation that it would be withdrawn from the country.
US former Secretary of State Rex Tillerson announced on February 13 that the US pledges $200 million in support of the anti-IS coalition efforts and recovery commitment in Syria, Xinhua reported.
However, Trump reportedly ordered in March a hold on the funds, demanding more information on how the money is being used, and urging other countries to step up to the plate and pay more.
He also said that his country will withdraw its troops in Syria "very soon," triggering speculation of the US possible retreat from Syria. Syria has always denounced the US military action in the country as uninvited aggression.
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Industry body BCIC welcomes K'taka budget, calls it growth oriented
Bengaluru (PTI): The Bangalore Chamber of Industry and Commerce on Saturday welcomed the Karnataka Budget 2026-27, recognising its balanced approach towards fostering economic growth, supporting MSMEs, and enhancing infrastructure development.
K Ravi, Senior Vice President, BCIC and Chairman, International Business Committee. appreciated the government's commitment to strengthening the Micro, Small, and Medium Enterprises (MSMEs) sector through targeted financial incentives, skill development programs, and ease of doing business reforms.
"These measures are expected to boost manufacturing capabilities and create significant employment opportunities across the state," he said, in a statement.
According to him, the budget's focus on infrastructure, including investments in road connectivity, urban development, and industrial parks, tourism and hospitality aligns with BCIC's vision of a robust industrial ecosystem that supports sustainable growth and competitiveness.
BCIC also applauded the emphasis on IT, AI, technology and innovation, which it said will drive Karnataka's position as a leading hub for startups and digital economy initiatives.
While the budget presents ambitious welfare schemes and agricultural support, BCIC said it encourages continued dialogue between industry stakeholders and the government to ensure effective implementation and maximise impact.
BCIC further said that it remains committed to collaborating with the government to facilitate a conducive business environment that promotes investment, innovation, and inclusive growth in Karnataka.
Chief Minister Siddaramaiah on Friday presented his record 17th budget with a total outlay of Rs 4,48,004 crore.
Reacting to the state budget, Karmendra Kohli, CEO, SecurEyes said it sends a strong signal on digital responsibility.
He said in a statement that the proposed social media ban for children under 16 is a timely step but its success will hinge entirely on robust digital identity verification and enforcement mechanisms, which are inherently cybersecurity challenges.
Similarly, the establishment of the Bangalore Robotics and AI Innovation Zone and AI Centers of Excellence is exciting, but every AI platform is a potential attack surface, Kohli said.
"As Karnataka accelerates its digital ambitions, cybersecurity cannot be an afterthought; it must be embedded from the ground up. We look forward to the state building on its Cybersecurity Policy 2024 with dedicated budget allocations that match the scale of its tech aspirations," he added.
