Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's transport minister on 9 June 2026 outlined plans to reactivate land and rail networks, including a roughly $250 million Damascus-Jordan railway, positioning the country as a regional transit route. Financing is still under study.
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Syria's Ministry of Energy met the World Bank on 9 June 2026 to expand cooperation on rebuilding the electricity sector, focusing on technical, administrative, and financial upgrades. No figures or timelines were announced.
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A Turkish low-cost carrier ran its first flight from Istanbul's Sabiha Gokcen airport to Aleppo on 9 June 2026, adding a regular international link as the city's airport rebuilds passenger traffic.
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A proposed land corridor backed by roughly $5.5 billion would route freight from the Gulf through Syria, Jordan and Saudi Arabia toward Europe, reviving a rail link near the Syrian border idle for 15 years.
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Syria's Homs refinery returned its 1.7-million-ton Unit 21 to service on 9 June 2026 after a full overhaul, expanding domestic output of gasoil, kerosene, and fuel oil for the local market.
Read More →Syria's national sovereign wealth fund, created by decree in 2025, holds about $2.5 billion in assets and oversees a project pipeline valued near $100 billion, including a Damascus New City development requiring up to $50 billion.
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Syrian and Turkish ministers meeting in Gaziantep set a goal of $10 billion in annual trade by the early 2030s, up from $3 billion now, and moved to reopen the Nusaybin and Islahiye border crossings.
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About 206,000 Syrians crossed back into the country between 18 and 31 May 2026 after authorities waived entry fees on Syrian vehicles for Eid al-Adha, with the Lebanese and Turkish crossings drawing the heaviest traffic.
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Syria's energy minister opened talks in Washington with the US energy secretary and American firms over investment in rebuilding the country's oil, gas and power infrastructure, though no agreements were signed.
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Authorities unveiled a plan worth more than $37 million to rebuild war- and flood-damaged roads and bridges across Deir ez-Zor, prioritizing trade corridors to Raqqa, Hasakah and Boukamal, with work set to begin immediately.
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