Latest economic and financial news about Syria, currency markets, and regional economy updates.
The Ministry of Local Administration and Environment issued the first edition of a mandatory guide governing how local units award investment and contracting deals, built around the new Syrian pound and focused on protecting public funds.
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Sheikh Najjar Industrial City in Aleppo has signed a 25-year build-operate-transfer contract with a Dubai-registered firm to build the area's first integrated industrial mall, a 3,200-square-meter complex due in two years.
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Tartus Port has received 551 vessels and handled about 5 million tons of cargo since the start of 2026, as the port authority upgrades cranes and equipment to expand capacity.
Read More →Syria has told Washington it is ready to significantly reduce imports of Russian oil, now about 60,000 barrels a day, as the two sides discuss easing US sanctions and removing Syria from the state-sponsors-of-terrorism list.
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The Syrian Petroleum Company and US-based HKN Energy set out plans to raise output at the Rmeilan fields in Hasaka toward roughly 200,000 barrels a day, weeks after the American firm took over operations at Syria's largest oil cluster.
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The Ministry of Energy lowered the price of fuel oil for the productive sector to $400 a ton from $475, a $75 cut. Industrial producers said on 3 August 2026 the move would lower costs and strengthen the competitiveness of locally made goods.
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A visit by the president of Iraq's Kurdistan region to Damascus on 3 August 2026 spotlighted deepening cross-border commerce, with officials describing Syria as a transit corridor carrying construction materials, fertilizers, and food across a 600-kilometer frontier.
Read More →Syria's state property authority opened a national campaign on 2 August 2026 to recover public assets and fight corruption, flagging hundreds of properties tied to the Assad, Makhlouf, Shaleesh, and al-Jadaan families, mainly in Rif Dimashq and Latakia.
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Syria has secured World Bank approval of its 2026 performance and policy actions, unlocking larger concessional grant allocations for fiscal 2027 under the IDA's sustainable financing framework.
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The Central Bank of Syria has begun withdrawing old Syrian currency from circulation, granting a final one-week period for exchanges through banks and postal branches before the process continues exclusively through the Central Bank in Damascus for five years.
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