Latest economic and financial news about Syria, currency markets, and regional economy updates.
The Tabiya gas plant in Deir Ezzor has entered operational testing after rehabilitation, with crews preparing to send domestically produced gas to Homs once final checks conclude in the coming days.
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Officials from Syria and Turkey used the 63rd Damascus International Fair on 26 August 2026 to set a $10 billion bilateral trade target, backed by plans for Turkish bank branches, joint industrial zones, and eased customs.
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A Saudi developer and Syria's state housing authority launched Sham View, a 178-hectare residential and commercial project between Qudsaya and Dummar in Damascus, planned for more than 10,000 units and 22,000 residents over five years.
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Syria's General Housing Authority signed a contract on 25 August 2026 to build Royal City, a 500-unit smart residential development in Sabboura, about 20 kilometers from Damascus.
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Thirteen German companies returned to the Syrian market at the 63rd Damascus International Fair after an 18-year absence, presenting energy, water and infrastructure products aimed at reconstruction.
Read More →The United States removed Syria from its list of state sponsors of terrorism on 24 August 2026, lifting a 47-year designation and clearing a major legal barrier to trade, investment and reconstruction.
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South Korea launched a second, $18.95 million phase of United Nations-run humanitarian and recovery programs in Syria on 24 August 2026, funding rubble removal, child nutrition and food aid across several governorates.
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Damascus is home to 8,997 licensed industrial and craft establishments across four sectors, led by textiles, with the industry directorate offering tariff exemptions to help idle facilities restart.
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Syria's central oversight authority suspended nine officials in the Deir ez-Zor oil fields and referred them to the judiciary after a three-month investigation flagged more than $28 million in preliminary losses tied to contracts, transport and mismanagement.
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The Syrian Investment Authority's director general issued a decision on 22 August 2026 to open a branch in Homs, aiming to bring services closer to investors and speed the move of projects from study to implementation.
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