Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's export authority is moving to adopt the European Union's Registered Exporter (REX) system, letting firms self-certify the origin of goods bound for the EU's 450-million-consumer market. Officials are targeting a 50 to 60 percent rise in exports by 2030.
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Two tankers carrying 64,324 tons of fuel oil and 5,620 tons of LPG docked at Banias on 27 July 2026, with unloading under way to shore up local energy supplies amid regional pressure on oil prices.
Read More →Syria's civil aviation authority says two German carriers, Sundair and LEAV Aviation, will begin scheduled direct flights linking Berlin, Dusseldorf and Cologne with Damascus and Aleppo from 29 July 2026, as a German ban on direct travel nears its end.
Read More →The Syrian Petroleum Company has begun rehabilitating the Al-Sijan processing station in Deir ez-Zor to handle crude from the Al-Omar field, shifting transport from tanker trucks to pipelines to cut costs and losses.
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The Agricultural Bank has begun disbursing wheat payments to farmers, with a first payment capped at 100 million pounds per grower and the balance paid over three to four monthly installments. This week's batch covers crops delivered between June 1 and 10, 2026.
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The Central Bank of Syria set out how holders of old banknotes can reclaim their value after the notes lose legal tender on 30 July 2026. Withdrawals run for five years, exclusively in Damascus, with no fees and a minimum of 100 notes per request.
Read More →Turkish exports to Syria reached $1.28 billion in the first half of 2026, up 26.4 percent year over year, led by milled goods, cement, and energy equipment.
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Syria's finance minister met a concluding International Monetary Fund consultation mission on 26 July 2026, reviewing recovery indicators, the 2027 budget, banking reforms and a planned issuance of sovereign sukuk, with the mission noting improved economic performance.
Read More →Iraq's cabinet authorized signing a memorandum with Syria's Energy Ministry to build a pipeline carrying Iraqi crude to the Mediterranean, reviving the Kirkuk-Banias route.
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A customs decision imposes a fine of three times the duty on the damaged portion of imported goods and lets them into the market rather than returning them, raising concern that the cost will land on consumers.
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