Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's export development authority has called on all exporting firms to complete registration in the National Export Registry by 30 June 2026. The process costs 50,000 Syrian pounds in the redenominated currency and unlocks customs and logistical support.
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Switzerland removed seven Syrian state entities, including the defense and interior ministries, from its sanctions lists effective 16 June 2026, mirroring an earlier European Union step toward easing restrictions on Damascus.
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A $4.4 million Japanese grant announced on 18 June 2026 will clear mines from farmland in Aleppo, Hama, and Idlib and support about 1,500 families to restart cultivation.
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A government committee in Aleppo has advanced a $1.8 billion plan, backed by a $1.5 billion Saudi pledge, to repair 60,000 homes and close Syria's displacement camps starting in late 2026.
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A foreign investment group has launched Yafour 963, a 144,000-square-meter residential complex in the Yafour area of Rural Damascus, in what it called its first announced project in Syria, with further developments planned in several governorates.
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A Syrian Transport Ministry delegation met World Bank officials in Amman from 15 to 17 June 2026 to advance railway rehabilitation, while the ministry said it is in talks with shipping firm CMA-CGM over a Latakia-to-interior container service.
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Syria's state petroleum company denied any deal with AXP Energy after the firm announced a 25% stake in an onshore Block 9 production-sharing contract in the central Tadmor Basin, saying all oil and gas deals are announced only through official channels.
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Syria signed a contract with a Saudi manufacturer to supply and install 5 million prepaid smart water meters, with about 300,000 units due in 2026 in a phased modernization of the national water network.
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A 25-year contract with U.S. firm HKN to develop the Rmeilan oil fields in northeastern Syria splits output 60 percent to the company, 32 percent to the state oil firm, and 8 percent to a local services company.
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Authorities laid the foundation stone on 16 June 2026 for the Western Ring investment project in Aleppo, a roughly $70 million development spanning about 850,000 square meters and expected to create more than 3,000 jobs.
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