Latest economic and financial news about Syria, currency markets, and regional economy updates.
A UAE developer signed a framework agreement with the Syrian government for residential and tourism projects in Damascus and Latakia, as Gulf firms and global hotel chains pledge billions of dollars toward reconstruction.
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Syria's central bank issued 755 warnings to unlicensed currency-exchange and money-transfer businesses across 10 governorates on 10 October 2026, in a joint campaign with the Interior Ministry to formalize the foreign-exchange market.
Read More →The governor of Syria's central bank said the institution has reactivated its accounts at the central banks of Turkey and France and at the US Federal Reserve, part of a push to reconnect the banking sector to the global financial system.
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Syria has opened a new eastern air corridor, L602, as overflights climb from 4,267 in February to 11,801 in May 2026, reviving a source of foreign-currency transit fees, though no revenue figure has been disclosed.
Read More →Syria's economy is projected to grow more than 10 percent in 2026, but a first-half deficit near $1 billion, a 30 percent jump in living costs and cash shortages mean households feel little of the rebound.
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France has begun a two-year technical assistance program for Syria's central bank, covering banking supervision, monetary policy and liquidity management, as Damascus works to reconnect its financial system to Europe.
Read More →Residents of Dummar and other Damascus neighborhoods protested on 9 October 2026 against expropriation decrees for housing projects, blocking roads and demanding their property back or fair compensation.
Read More →Kuwait's Zain will begin mobile operations in Syria within days under a $747 million license, with total investment set to exceed $1.5 billion and a 5G launch planned for early 2027.
Read More →Syria's sovereign fund holds about $50 billion in state-owned and confiscated assets, spanning factories, real estate, and bank shares, alongside foreign deals including a $7 billion Emirati real estate project.
Read More →Drivers in Damascus, Aleppo, Latakia, and Deir ez-Zor reported engine trouble and costly repairs after refueling on 9 October 2026. A distributor said the problem spans most stations, and the state petroleum derivatives company opened an inquiry into the fuel's source.
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