Latest economic and financial news about Syria, currency markets, and regional economy updates.
A tanker carrying about 37,646 metric tons of gasoline arrived at the Baniyas oil terminal on 30 July 2026, part of a plan to keep fuel flowing to Syria's provinces as regional tensions squeeze supply chains.
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Syria's central bank signed an agreement on 29 July 2026 to open an official account at Turkey's central bank in Damascus, a step to revive correspondent-banking ties and ease cross-border trade payments between the two neighbors.
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Syria's grain authority says it has taken in more than 2.5 million tons of wheat this season, up from 2.2 million tons in mid-July, calling the total a step toward self-sufficiency and food security.
Read More →The government has signed 54 economic memorandums and agreements so far in 2026, with Gulf states behind half of them. Energy led by sector at 22.2 percent and transport followed at 18.5 percent; 17 have entered implementation and seven show tangible progress.
Read More →International development lenders are reengaging with Syria at different speeds. Germany's KfW will open a Damascus office in August 2026, France's AFD runs four projects, and the World Bank Group has four grant projects underway with four more worth $931 million pending.
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Syria's central bank hosted a technical delegation from Turkey's central bank in Damascus on 28 July 2026 to work on linking payment systems and opening a joint account, a step aimed at easing cross-border settlement for trade between the two countries.
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The Commercial Bank of Syria extended branch hours to 5 p.m. through Wednesday, 29 July 2026, and added a Saturday shift to clear a surge of customers exchanging old banknotes before they lose legal-tender status on 31 July 2026.
Read More →The state-owned Syrian Company for Automobile Industry signed an agreement on 28 July 2026 with Chinese bus maker Yutong to set up a local vehicle-manufacturing line, backed by the Syrian Sovereign Fund, in a bid to shift from imports to domestic production.
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The committee that sets fuel prices lowered gasoline, diesel, and cooking gas rates effective 28 July 2026, citing a decline in global oil prices.
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Hisyaa Industrial City in Homs allocated plots to 15 new investors in the first half of 2026, with about 230 billion Syrian pounds in combined capital and close to 655 expected jobs.
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