Latest economic and financial news about Syria, currency markets, and regional economy updates.
The tanker Starling delivered 63,784 metric tons of diesel to the Banias terminal on 19 October 2026, the first shipment under an agreement between Syria's state oil firm and Aramco, financed through the first letter of credit opened in Syria in 14 years.
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Syria's finance minister met a Lazard delegation on the sidelines of the IMF and World Bank annual meetings in Bangkok to discuss sovereign advisory, public debt management and restructuring, and reintegrating the economy into global financial markets.
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The Central Bank began a second phase of enforcement against unlicensed currency exchange and money transfers on 19 October 2026, detaining operators and seizing funds, after issuing 755 warnings across several governorates earlier in the month.
Read More →Syria's higher education authorities set maximum per-credit-hour fees at private universities on 19 October 2026, ranging from 4,000 new Syrian pounds for institutes to 13,000 for human medicine, with schools allowed to charge less but not more.
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Syria and the World Bank Group launched a multi-donor trust fund, START, to finance recovery and reconstruction, unveiled on 18 October 2026 at the World Bank and IMF annual meetings in Bangkok.
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About 15,000 tons of fruit and vegetables moved from Damascus's main wholesale market to six Gulf states in September, carried by roughly 600 refrigerated trucks, as Syrian produce regains access to regional export markets.
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The Syrian Grain Establishment has begun constructing metal silos at seven sites across five governorates, aiming to add about 700,000 tons of storage and close a gap that forced more than one million tons of wheat into open-air storage last season.
Read More →Two presidential decrees issued on 18 October 2026 installed new leadership at the Syrian Petroleum Company and the Sovereign Fund, amid contract investigations and compensation for drivers hit by a substandard-gasoline shipment.
Read More →Syria's finance minister said on 18 October 2026 the government is studying an international bond issue in the coming year and, with the World Bank and four donor states, is setting up a trust fund for reconstruction, while projecting a budget deficit below $1.8 billion.
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The Saudi Fund for Development has approved $406 million in soft loans for six projects in Syria spanning electricity, water, health, and housing, with a first package set to be signed within days and wider talks reaching up to $1.5 billion.
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