Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's civil aviation authority closed the country's southern air corridors on 8 June 2026 and suspended operations at Damascus International Airport. The national carrier rerouted two Gulf flights through Aleppo, and returning pilgrim flights were postponed.
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The Central Bank of Syria amended Decision No. 235/L to let recipients of international remittances choose whether to be paid in Syrian pounds or foreign currency, binding licensed banks, exchange firms, and transfer companies.
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A Saudi real estate firm launched two residential projects in the Damascus countryside on 7 June 2026, with combined investment exceeding $2 billion and plans for some 22,000 housing units.
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Syria's transport ministry unveiled a concessional loan program to replace or modernize about 75 percent of the country's roughly 42,000 freight trucks, most of them more than two decades old, over a seven-year period.
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Syria's state grain authority has opened wheat receiving centers across Rural Damascus and set harvest wage rates in Deir ez-Zor as the 2026 marketing season begins, with electronic scales, quality labs and transport allowances for farmers from Quneitra.
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Baghdad is moving to raise its northern crude export capacity toward one million barrels a day through pipelines linked to Turkey and Syria, with the Mediterranean port of Banias among the outlets targeted as it seeks to bypass the Strait of Hormuz.
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An international assessment of Syria's six state-owned banks completed its first phase in May 2026, setting out three paths for the sector: conversion into state joint-stock firms, privatization, or strategic partnerships with Arab and foreign banks.
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Damascus International Airport handled 148,305 passengers on 1,532 flights in May 2026, while aircraft transiting Syrian airspace jumped more than 378% from a year earlier.
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A new logistics center at Tartus port is to receive Russian strategic goods on a regular line from Novorossiysk and redistribute them across Syria and to Iraq, Jordan, and Gulf markets.
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Revenues from the Simalka crossing on the Iraqi border began flowing to Syria's state treasury on June 1, 2026, as Hasakah province merges its agricultural and other institutions into national bodies and restores power across some 60 percent of its networks.
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