Latest economic and financial news about Syria, currency markets, and regional economy updates.
A vehicle-manufacturing company owned by Syria's sovereign fund has signed a contract with Chinese manufacturer Yutong to build a modern vehicle plant in the country, in a deal centered on local production, technology transfer and training rather than imports.
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Syria's grain authority says it has taken in more than 2.4 million tons of this year's wheat and now holds about 3.31 million tons in reserve, after rehabilitating silos and opening 84 receiving centers across 11 governorates to secure flour for bakeries.
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A World Bank grant of $175 million will finance a six-year program to modernize Syrian agriculture, from crop production and livestock to digitizing the agriculture ministry, with technical preparations under way in Amman.
Read More →Syria unveiled a national strategy to combat money laundering, terrorism financing, and weapons proliferation on 21 July 2026, developed with UN support. The central bank governor said the plan aims to lift the country from the Financial Action Task Force gray list.
Read More →The United Arab Emirates has outlined wide-ranging investments in Syria, including $20 billion in real estate in Damascus and Latakia, alongside plans for an oil export corridor through Syria that would bypass the Strait of Hormuz.
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The Ministry of Economy and Industry and the World Food Programme signed a three-year memorandum in Damascus on 19 July 2026 to rehabilitate bakeries, mills, and silos, after completing an estimated 60 to 70 percent of bakery-sector development over 18 months.
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Syrian institutions and the Islamic Development Bank launched a $5 million program, expandable to $10 million, to finance micro-enterprises for families displaced by the war, starting in priority areas before a nationwide rollout.
Read More →The Afrin region administration has ordered all shops to display prices primarily in the Syrian pound, citing a Ministry of Economy circular. Inspection teams will verify compliance, and violators face legal penalties.
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Syria's Ministry of Economy and Industry received 1,430 industrial investment requests in the first half of 2026, with Aleppo drawing nearly half and the projects expected to create more than 15,000 jobs.
Read More →Within months, Syria has gone from exporting no fuel oil to handling more than a quarter of the Middle East's shipments, as Iraq reroutes exports overland through Syrian territory to Mediterranean ports, away from the disrupted Strait of Hormuz.
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