Latest economic and financial news about Syria, currency markets, and regional economy updates.
The head of the road transport authority unveiled a plan on 1 July 2026 to rehabilitate five major international road corridors stretching from the Nasib crossing on the Jordanian border to Deir ez-Zor, with segment timelines of 400 to 900 days.
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The Central Bank of Syria reopened its Idlib branch on 1 July 2026 after a decade-long closure, pledging to phase the Turkish lira out of local circulation and steer transactions back to the Syrian pound.
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Syria's Finance Ministry issued updated instructions for a consumer spending levy dating to 2015, saying they add no new tax but standardize how the charge applies to local and imported goods. The levy took effect in June after years of partial enforcement.
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Syria's Agriculture Ministry is studying a reference pricing system for poultry to curb sudden swings in white-meat prices, while a national committee has halted imports of broilers and chicks to protect local farmers.
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The Syrian pound has firmed against the dollar, easing to about 13,100 to the dollar on 1 July 2026, yet prices for staples and cleaning goods remain elevated, with some household products up about 20 percent.
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A vessel carrying modern cargo-handling equipment for DP World docked at Syria's Tartus port on 1 July 2026, delivering a 125-ton German crane as the first stage of a program to rehabilitate the Mediterranean port's aging infrastructure.
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The Energy Ministry said on 30 June 2026 that congestion at some fuel stations is a temporary supply bottleneck, not a shortage, blaming a buying rush sparked by price rumors. It followed an approved cut in petroleum prices of more than 14 to 20 percent.
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Kuwait's Zain has secured a 20-year license to operate a mobile network in Syria, pledging more than $1.5 billion. The operator will hold 75 percent of the venture, with Syria's sovereign fund taking the rest.
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Syria's Finance Ministry confirmed the income tax filing deadline for companies and large taxpayers will not move past 30 June 2026, with late penalties starting the next day. A 30-day extension granted on 18 May will be the last.
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Syria's finance ministry says retirement pensions raised 30 percent under a May 2026 presidential decree will be paid within days, after executive instructions were finalized to disburse them without delay.
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