Iraq to Truck Crude Through Syria for Export as Deal Nears
Iraq has asked Syria to move crude oil across its territory for export, with the first truckloads expected by mid-October 2026 and an agreement described as nearly complete.
Read More →Economic News
Latest economic and financial news about Syria, currency markets, and regional economy updates.
Three Syrian Banks Pool $25 Million in First Post-War Syndicated Loan
Three banks jointly financed a $25 million Islamic syndicated loan for two Damascus infrastructure projects, the first deal of its kind in the country, in a move that laid bare how little any single Syrian bank can now lend on its own.
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Syria and France Launch Project to Modernize Central Bank
Syria's central bank has begun a technical cooperation project with France to strengthen risk-based banking supervision and monetary policy tools, months after reopening its account at France's central bank.
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Eagle Hills Signs Framework Deal for Damascus and Latakia Projects
Syria signed a framework agreement on 5 October 2026 with Abu Dhabi developer Eagle Hills to build a residential complex in Damascus and a coastal tourism project in Latakia, a deal officials said would create more than 40,000 jobs.
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Syria's Cotton Output Climbs to 79,000 Tons as Idle Mills Reopen
Syria's cotton harvest has risen to about 79,467 tons this season from roughly 69,587 tons a year earlier, while a ginning mill in Hama has restarted after a four-year halt and thousands of workers are being retrained.
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Syria Links 26 State Agencies in Single Window to Speed Investment
Syria's Investment Authority has brought together representatives of more than 26 ministries and public bodies to activate a single-window system meant to cut red tape and shorten approval times for investors.
Read More →Syria Lines Up $247 Million in Foreign Funds for Transport Overhaul
Syria's transport ministry is tapping $247 million in foreign financing — a $47 million Kuwaiti road contract and a $200 million World Bank railway grant — while preparing to raise traffic fines up to 200-fold to match the pound's slide.
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Syrian and UAE Central Banks Sign Banking Cooperation Pact
The central banks of Syria and the United Arab Emirates signed a memorandum of understanding to cooperate on payment systems, monetary policy, financial technology, and financial inclusion, a step in Syria's effort to rebuild regional banking ties.
Read More →Iraq-Syria Oil Pipeline Could Restart Construction in Early 2027
Construction on a rehabilitated oil pipeline linking Iraq to Syria's Mediterranean coast could begin in early 2027, with a target capacity of about two million barrels per day and a rehabilitation cost estimated at $300 million to $600 million.
Read More →Syrian Air Sets Plan to Double Fleet and Reach 25 Destinations
The national carrier unveiled a new identity and a plan to expand from six to 12 aircraft and from nine to 25 destinations by the end of 2026, reconnecting the country to international air routes.
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