Latest economic and financial news about Syria, currency markets, and regional economy updates.
A Gulf real estate group has outlined a $20 billion plan to build housing, resorts, and public facilities in Damascus and Latakia, with construction slated to begin within months under a company jointly owned by the state and private investors.
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The Agriculture Ministry signed a memorandum on 15 July 2026 with a private investor to supply two million seedlings and plant 15 million olive and pistachio trees over eight years, alongside free saplings and a farmer training center.
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Syrian and Lebanese chambers of commerce signed a cooperation memorandum in Damascus on 15 July 2026 as the two economy ministers met and President al-Sharaa received the Lebanese delegation.
Read More →Washington supports rebuilding the crude oil pipeline linking Iraq and Syria to the Banias port, a route meant to bypass the Strait of Hormuz, with a US-Qatari consortium studying feasibility.
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A senior US Commerce Department official has pledged to quickly update and ease export restrictions on Syria, tied to the start of Syria's removal from the US terrorism list.
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Syria opened seven tenders to domestic and international bidders to rehabilitate the M5 corridor and other main routes, and is studying toll highways built under BOT concessions to link the country with its neighbors.
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Syria's Finance Ministry is drafting a framework to issue treasury bills, bonds, and sovereign sukuk to finance the 2026 budget deficit without printing money and to give the Central Bank new tools to manage liquidity.
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With power now averaging 16 hours a day in Damascus and its countryside, residents report sharply different electricity bills, driven largely by estimated meter readings.
Read More →Officials agreed to reopen commercial and agricultural bank branches and reactivate the finance directorate across Al-Hasakah, restoring state financial services to the province.
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