Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's state petroleum company issued a new pricing bulletin on Thursday, lifting Benzine 95 to $1.15 per liter and the residential gas cylinder to $12.50, with the dollar pegged at 133 new Syrian pounds for fuel transactions.
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Turkish Ambassador Noah Yilmaz inspected Tartous port and the Banias refinery on 7 May 2026, as Turkish firms scout maintenance, shipping and energy investments and Syria emerges as a transit corridor for Gulf-bound goods.
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Tanker convoys carrying Iraqi fuel oil are arriving steadily at Syria's Banias refinery via Tartous, with provincial energy authorities opening new unloading yards to absorb a flow that began on 1 April 2026.
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Syria's Deputy Energy Minister Ghiath Diyab held video talks with Jordanian and Lebanese counterparts to advance a draft agreement on gas supplies and a tri-nation electricity grid interconnection.
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Syrian Transport Minister Yarub Badr met a Turkish State Railways delegation in Damascus on 6 May 2026 to advance a rail corridor running from Turkey through Syria, Jordan and Saudi Arabia to the Gulf, citing supply-chain risks at the Strait of Hormuz.
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Industrial committees in Aleppo say new electricity bills are arriving in the millions of Syrian pounds, after the 30 October tariff set the third tier at 1,700 SYP per kilowatt-hour for factories needing round-the-clock supply.
Read More →Finance Minister Muhammad Yasir Burnia issued the executive instructions for Decree 70 of 2026 on May 6, opening interest waivers and rescheduling for state-bank borrowers in default, with loans above 100 million Syrian pounds covered under specified conditions.
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Syria's Education Ministry says it has reopened 2,236 schools across Raqqa, Deir ez-Zor and Hasaka, integrated 38,000 teachers onto state payrolls, and brought more than 500,000 students back to classrooms in roughly 100 days.
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Emirati developer Eagle Hills is studying two Syrian urban projects worth more than US$50 billion, including a 33-million-square-meter Damascus master plan and a 15-million-square-meter coastal site at Latakia, disclosed at the first Syrian-Emirati business forum.
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Qatar National Bank Group has launched payment card acceptance and digital payment services in Syria, becoming the first international lender to operate such services in the market following the Central Bank's authorization to engage with global card networks.
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