Latest economic and financial news about Syria, currency markets, and regional economy updates.
The government ordered a 30 percent cut in fuel allocations for state vehicles as part of broader measures to curb non-essential spending, while shielding salaries, essential services, and emergency vehicles from the reductions.
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A Saudi company signed a 15-year, $3 million contract on 29 September 2026 to run the Jobar technical slaughterhouse in Damascus as a commercial facility, with equipping due within eight months.
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Syria inaugurated the second phase of the Arab Gas Line near Homs on 29 September 2026, adding 186 kilometers of pipeline to a network designed to move about 11 million cubic meters of gas per day.
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The European Union has allocated €60.2 million for Syria's recovery and agreed to prepare a new partnership deal replacing a 1977 accord, announced during the first visit by a top EU official to Damascus in 15 years.
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A Ministry of Economy and Industry decision on 29 September 2026 lets foreign firms dealing in vehicles, machinery, and tires register non-exclusive agencies and open branches in Syria, part of a push to attract foreign business.
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The Damascus Securities Exchange and the Abu Dhabi Securities Exchange signed a memorandum of understanding on 29 September 2026 to widen cooperation, a step in Syria's return to regional capital markets.
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Japan's Foreign Ministry lifted asset-freeze measures on 16 Syrian entities on 29 September 2026, including the Commercial Bank of Syria, state oil companies, and the Defense and Interior ministries, while keeping sanctions on 59 individuals tied to the former government.
Read More →Customs officials from Syria and Iraq discussed simplifying transit procedures, introducing advance data clearance, and developing free zones at the Al-Tanf and Al-Yarubiyah crossings to speed cross-border trade.
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The Presidential Secretariat has ordered public bodies to rationalize spending and halt nonessential outlays to protect the state budget, while exempting salaries and spending on health, education, water, energy and security.
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A six-year agricultural program backed by a $175 million World Bank grant has launched in Syria, targeting crop and livestock output, cooperatives, and export chains for olives and pistachios, with new labs and drought-resistant seed to lift food security.
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