Latest economic and financial news about Syria, currency markets, and regional economy updates.
A $800 million Dubai Ports World program at Tartous, three new mobile cranes lifting capacity 40%, and a planned 400-km Syria-Jordan rail segment place Syria on the map of alternative trade corridors bypassing the Strait of Hormuz.
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The state-owned Syrian Trade Corporation approved its 2027 investment plan on 19 August 2026, said it has paid 115 billion Syrian pounds in supplier debt, and outlined a shift from losses to profit through real estate and transport assets.
Read More →The General Roads Corporation awarded a Syrian-Saudi consortium a roughly $300 million contract to rehabilitate and duplicate the 425-kilometer Damascus-Palmyra-Deir ez-Zor axis, with works to run 780 days.
Read More →Thousands of Syrian government employees cannot cash out salaries routed through the Shaam Cash app, as transfer firms limit withdrawals and charge fees far above the 0.3 percent cap. Payouts are now funneled mainly through crowded postal centers.
Read More →Tokyo plans to remove economic sanctions from 16 Syrian entities in the telecommunications, oil, and banking sectors during September 2026, part of a gradual easing tied to reconstruction, while 59 individuals and 15 entities remain restricted.
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A deliberate sabotage explosion halted a gas export pipeline at the al-Jabsah plant in rural Hasakah on 18 August 2026, cutting supply to power-generation turbines. The line was repaired and returned to service the next day.
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A ministerial decision issued on 19 August 2026 created a national program to revive industrial output, requiring participating plants to reach at least 40 percent local value-added content and to meet Syrian quality standards.
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Damascus and Ankara signed a trilateral memorandum on mining and earth sciences on 19 August 2026, alongside plans for a new power line to deliver 500 additional megawatts to Aleppo by late September and to expand trade through northern border crossings.
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Syria's Energy Ministry reported crude oil output above 14 million barrels and 1.429 billion cubic meters of raw natural gas in the first half of 2026, alongside the restart of 152 wells and preparations to pipe gas to Lebanon.
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The Ports and Customs Authority adopted a new settlement guide for resolving customs violations under Decree No. 109 of 2026, replacing rates in force since January 2024 and taking effect on publication.
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