Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's Buildex construction expo closed in Damascus on 14 June 2026 with 21 contracts signed and 710 companies from 51 countries taking part, as the finance minister cited new foreign entrants, a turn to local manufacturing, and a planned tax overhaul.
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Syria's energy ministry signed a contract with a Saudi firm on 14 June 2026 to supply and install five million prepaid smart water meters over four years, starting with 300,000 units in 2026, to modernize billing and cut water losses.
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The Russian-Syrian Business Council has begun operating a goods hub at the Mediterranean port of Tartus, fed by a direct shipping line from Novorossiysk, to store, clear, and re-export Russian commodities toward Iraq, Jordan, and the Gulf.
Read More →American oil company HKN Energy has begun operating the Rmeilan fields in Hasakah under a 25-year contract that splits output 60-32-8 among the operator, the state Syrian Petroleum Company, and a local services firm.
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Barley prices in Syria's northeast have fallen as much as 50% since planting season to about $200-225 a ton, as Hasakah and Jazira farmers flood the market to raise cash during the June 2026 harvest.
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Residential rents in Damascus are climbing sharply, with landlords increasingly demanding payment in US dollars and yearly hikes of up to 50%, pushing some prices above those in Dubai and Riyadh.
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Used laptop prices in Syria climbed about $50 per device in a week after a border checkpoint reinstated a ban on importing secondhand computers from the United Arab Emirates, squeezing supply.
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Syria began applying salary increases for resident physicians, engineers, and technical staff in the higher-education sector under Presidential Decree No. 68 of 2026, lifting resident doctors' monthly pay to 45,500 Syrian pounds.
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The Syrian government began supplying diesel to Hasakah province on 14 June 2026 after protests over fuel shortages, delivering about one million liters of subsidized fuel to sustain the grain harvest as pump prices diverged between supply sources.
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A delegation from the International Monetary Fund met Syria's finance minister to discuss modernizing the country's tax and customs systems, as the Syrian pound weakened about 4 percent against the dollar over the past week.
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