Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syrian Foreign Minister Asaad al-Shaibani made his first official visit to Egypt on 3 May 2026, accompanied by Economy Minister Nidal Shaar. The Syrian government issued a decree forming a Syrian-Egyptian Business Council to anchor renewed trade and investment ties.
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Hasakah's fuel directorate sharply raised subsidized diesel prices on 3 May 2026, lifting agricultural diesel to 25 US cents per liter from about 10 cents, as a two-week shortage left drivers sleeping near filling stations.
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Syrian Petroleum Company says technical upgrades at the Banias refinery raised daily Iraqi crude tanker discharges to about 500, lifting operational capacity by roughly 30% and saving about 40 working hours a day. The move dovetails with a planned Iraqi pipeline to Banias.
Read More →Iraq's oil ministry has launched a 700-kilometer pipeline between Basra and Haditha with capacity for 2.5 million barrels a day and an initial $1.5 billion budget, framed as a step toward reopening crude exports through Syria's Banias port.
Read More →Syria's General Grain Corporation said on 2 May 2026 that domestic stocks near 1 million tons and an expected harvest will eliminate the need for wheat imports this year, although the 2026 procurement price has not yet been set.
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Iraq dispatched its first 70 tankers of crude oil to Syria through the Rabia-Yaarubiyah land crossing on 1 May 2026, opening a new export route weeks after the border post was officially reopened.
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The Central Bank of Syria extended the deadline to swap old Syrian pound notes for the new currency by 30 days, pushing the cutoff to 30 June 2026 and limiting most exchanges to bank branches.
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Repairs at Deir ez-Zor Airport, which suffered more than 80% destruction during the war, are 80 to 85 percent complete and the facility is being prepared to resume international operations for eastern Syria.
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Syria's finance minister and the French chargé d'affaires discussed financing development projects, ongoing engagement with the IMF and World Bank, and the reopening of the Central Bank of Syria's account in France.
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Syria's National Import and Export Committee banned imports of table eggs, poultry and a wide list of seasonal vegetables and fruits, an order issued on 27 April 2026 to shield domestic producers during peak harvest months.
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