Latest economic and financial news about Syria, currency markets, and regional economy updates.
The agriculture ministry and a Brazilian livestock company reviewed steps to build modern slaughterhouses and rehabilitate state cattle facilities, under a memorandum signed on 8 August 2026 aimed at meat self-sufficiency.
Read More →A large-scale urban development named Boulevard Al-Nasr launched in Homs on 21 August 2026, spanning 510,000 square meters with about 2,500 apartments and a projected 8,000 to 10,000 direct jobs across three construction phases.
Read More →Iraqi Prime Minister Mohammed al-Sudani said his government is working to route crude exports through Banias on Syria's coast, part of a search for outlets that bypass the blocked Strait of Hormuz. Iraq already moves limited volumes across Syria by tanker truck.
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A presidential decree has adopted a national electronic payment framework overseen by the central bank, defining licensed roles for payment providers and creating a regulatory sandbox, while keeping cash transactions in place.
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A $800 million Dubai Ports World program at Tartous, three new mobile cranes lifting capacity 40%, and a planned 400-km Syria-Jordan rail segment place Syria on the map of alternative trade corridors bypassing the Strait of Hormuz.
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The state-owned Syrian Trade Corporation approved its 2027 investment plan on 19 August 2026, said it has paid 115 billion Syrian pounds in supplier debt, and outlined a shift from losses to profit through real estate and transport assets.
Read More →The General Roads Corporation awarded a Syrian-Saudi consortium a roughly $300 million contract to rehabilitate and duplicate the 425-kilometer Damascus-Palmyra-Deir ez-Zor axis, with works to run 780 days.
Read More →Thousands of Syrian government employees cannot cash out salaries routed through the Shaam Cash app, as transfer firms limit withdrawals and charge fees far above the 0.3 percent cap. Payouts are now funneled mainly through crowded postal centers.
Read More →Tokyo plans to remove economic sanctions from 16 Syrian entities in the telecommunications, oil, and banking sectors during September 2026, part of a gradual easing tied to reconstruction, while 59 individuals and 15 entities remain restricted.
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A deliberate sabotage explosion halted a gas export pipeline at the al-Jabsah plant in rural Hasakah on 18 August 2026, cutting supply to power-generation turbines. The line was repaired and returned to service the next day.
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