Latest economic and financial news about Syria, currency markets, and regional economy updates.
The Central Bank of Syria has begun a second phase of measures to regulate the currency-exchange and money-transfer sector, detaining operators working without a license and seizing funds as it moves to rein in the informal market.
Read More →Holders of Commercial Bank of Syria cards can now withdraw and deposit cash at 352 post offices across every governorate, under a partnership announced on 21 October 2026 that pairs the postal network with banking services.
Read More →A wave of cheaper imports following the easing of trade restrictions is pushing Syrian factories in textiles, garments, and food processing to cut output or halt production lines, as high energy and financing costs erode their ability to compete.
Read More →An acute diesel shortage has gripped Aleppo since 20 October 2026, emptying filling stations, cutting shared-minibus service by more than half and pushing generator fees higher as several districts lose grid power.
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Syria and the World Bank Group have agreed to create a multi-donor trust fund, named START, to finance recovery and reconstruction. The agreement, announced on 18 October 2026, accompanied USD 406 million in concessional lending pledged at meetings in Bangkok.
Read More →The Central Bank of Syria has issued its first letter of credit in 14 years, arranged through JP Morgan, to finance a fuel purchase from Saudi Aramco. The Syrian Petroleum Company has already received 65,000 tonnes of diesel under the deal.
Read More →Authorities in Daraa have begun buying land from 83 owners to reopen the governorate's old customs post as the '18 March' crossing, paying $5,000 per dunum in a purchase that avoids the former expropriation law.
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An international property-development forum opened in Damascus on 20 October 2026 with more than 200 firms from 11 countries. Organizers said it drew about $30 billion in announced investment and some 80,000 planned housing units, timed with a new real-estate law.
Read More →Idlib set maximum olive-pressing fees for the 2026 season on 19 October 2026, capping cash charges at 10 Syrian pounds per kilogram and in-kind payment at 5 percent of the oil, ahead of a harvest beginning in early November.
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The General Company of Homs Refinery returned distillation unit 10 to service on 19 October 2026 after its first full overhaul in more than ten years, aiming to strengthen local supplies of mazut, naphtha and kerosene.
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