Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's state electricity company has contracted a Czech firm to rehabilitate three units at the Aleppo thermal power plant, a combined 639 megawatts, under a phased program running up to 30 months.
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Syria lowered the price of first-grade diesel to 150 Syrian pounds per liter, a cut of about 14 percent, effective 15 November 2026, as authorities moved to ease heating costs at the start of winter.
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Syria and MTN Group signed final settlement documents in Damascus on 14 November 2026, ending a years-long dispute, regulating the operator's exit, and clearing the path for Zain Group to launch service in early 2027.
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Damascus and the European Union will open a standing forum on 17 November 2026 to coordinate international support for Syria's recovery, with the EU serving as co-chair for two years and roughly 30 international bodies expected to take part.
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Syria's agriculture ministry estimates the 2026 citrus harvest at about 840,000 tons worth roughly $588 million, supporting some 50,000 farming families, as authorities halt citrus imports and local supply covers demand into April 2027.
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Syria's Finance Ministry is clearing a decades-old backlog of unresolved tax files through settlements, while a draft law under discussion would cut the corporate tax rate on industrial and non-joint-stock firms to a maximum of 15 percent from about 34 percent.
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The state power company extended rationing hours across all governorates, citing the Tishreen plant's shutdown, reduced Azerbaijani gas supplies and fuel shortages as winter heating demand climbs.
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A 2026 legislative decree is waiving interest and fines on overdue social insurance contributions for employers who settle their arrears within a year, with 27,981 beneficiaries and 233.8 million Syrian pounds in penalties forgiven so far.
Read More →Iraqi crude is being trucked overland across Syria to the Mediterranean port of Baniyas for export, at a reported 120,000 to 150,000 barrels per day, as disruption in the Strait of Hormuz pushes Baghdad toward alternative routes.
Read More →The Syrian Petroleum Company has begun delivering allocated subsidized heating diesel to the governorates as winter sets in, with local committees and the labor ministry identifying eligible families. Subsidized diesel is priced at 115 Syrian pounds per liter.
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