Latest economic and financial news about Syria, currency markets, and regional economy updates.
Two mobile harbor cranes with a 125-ton lifting capacity each arrived at Tartus port on 11 August 2026 under a modernization plan overseen by DP World, aimed at speeding cargo handling and expanding the port's operational capacity.
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Syria's Finance Ministry held a closed workshop with the International Monetary Fund in Damascus on 10 August 2026 to examine a new tax system, with the minister saying draft tax laws will be sent to the People's Assembly.
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Syria's agriculture ministry and a Saudi feed company signed a memorandum on 10 August 2026 to study building fodder farms and processing plants across about 30,000 hectares in the country's east, using sustainable irrigation.
Read More →Syria's main Mediterranean port at Tartus has brought a 630-meter fourth berth into service, letting it receive up to three large vessels at once with combined loads reaching 55,000 tons, as authorities take over civilian operation of the facility.
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Officials reported electricity supply climbed from about eight hours a day to more than 20 hours in some areas during the first half of 2026, alongside 420 megawatts of new solar capacity and thousands of grid upgrades.
Read More →Syria's finance and agriculture ministers agreed to extend repayment of defaulted agricultural loans by three months and expand low-cost credit for irrigation, solar power and machinery, part of a wider package to ease financial pressure on farmers.
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Central Bank inspectors and judicial police shut unlicensed exchange shops in Deir ez-Zor on 9 August 2026 for charging residents to swap old Syrian pound notes, seizing cash and gear. The old-currency deadline in the three eastern provinces now runs to 20 August 2026.
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Syria's agriculture ministry signed a memorandum with a foreign livestock firm on 9 August 2026 to rehabilitate state breeding facilities nationwide, offer interest-free loans to farmers, and build meat and dairy export chains, with work set to begin within a month.
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Three specialized industrial fairs closed in Damascus on 8 August 2026, drawing more than 300 brands from 13 countries and over 10,000 visitors, with companies signing agreements and memoranda of understanding.
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Syria announced a memorandum of understanding with Russia on 9 August 2026 under which the Syrian state will take over civilian management of Hmeimim airport and Commercial Pier 4 at Tartus port, after 18 months of negotiations.
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