Latest economic and financial news about Syria, currency markets, and regional economy updates.
The first cargo of gasoline has begun moving by truck from Syria's Baniyas port to Iraq under a transit deal, opening an overland energy corridor that Baghdad is developing to bypass disrupted Gulf shipping lanes.
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Syria's central bank governor said more than $1 billion in foreign capital is expected to flow in to establish new banks, as authorities lift currency-transfer restrictions and prioritize exiting the international financial watchdog's grey list.
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Syria and Lebanon held their first joint investment forum in Beirut, detailing a $200 million World Bank grant for railway rehabilitation and a $500 million, six-year government program to rebuild main transit roads.
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Syria expects roughly 955,000 tons of olives and 191,000 tons of olive oil this season, more than double last year's output, with cultivation spanning about 677,725 hectares and a 25% oil-extraction rate.
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Syria's finance ministry and the Abu Dhabi Fund for Development agreed to reactivate a joint committee to reconcile debt frozen for more than 14 years, and to prepare a fund mission to Damascus to revive stalled development and reconstruction projects.
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Officials from Syria and Jordan met in Damascus on 24 September 2026 to prepare the third session of their Supreme Coordination Council, reporting that bilateral trade has tripled to $330 million and that Jordanian gas is flowing through the Arab Gas Pipeline.
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As an IMF mission wrapped up its work in Damascus on 24 September 2026, Syria's finance ministry reviewed a draft roadmap to align government finance statistics with international standards, while the tax authority took up the fund's reform recommendations.
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The US Treasury said on 24 September 2026 it had amended its terrorism-sanctions regulations, dropping a general license specific to Syria that is no longer needed after the country's delisting as a state sponsor of terrorism last month.
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Syria's import-export committee extended a ban on apple imports through the end of November 2026 and barred lemon imports from October 1, 2026 to March 31, 2027, citing the agricultural calendar and protection of domestic produce.
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Government ministers and more than 300 business figures from Syria and Lebanon convened in Beirut on 23 September 2026 for their first joint investment forum, targeting reconstruction, energy, and cross-border trade.
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