Latest economic and financial news about Syria, currency markets, and regional economy updates.
The United Arab Emirates has outlined wide-ranging investments in Syria, including $20 billion in real estate in Damascus and Latakia, alongside plans for an oil export corridor through Syria that would bypass the Strait of Hormuz.
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The Ministry of Economy and Industry and the World Food Programme signed a three-year memorandum in Damascus on 19 July 2026 to rehabilitate bakeries, mills, and silos, after completing an estimated 60 to 70 percent of bakery-sector development over 18 months.
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Syrian institutions and the Islamic Development Bank launched a $5 million program, expandable to $10 million, to finance micro-enterprises for families displaced by the war, starting in priority areas before a nationwide rollout.
Read More →The Afrin region administration has ordered all shops to display prices primarily in the Syrian pound, citing a Ministry of Economy circular. Inspection teams will verify compliance, and violators face legal penalties.
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Syria's Ministry of Economy and Industry received 1,430 industrial investment requests in the first half of 2026, with Aleppo drawing nearly half and the projects expected to create more than 15,000 jobs.
Read More →Within months, Syria has gone from exporting no fuel oil to handling more than a quarter of the Middle East's shipments, as Iraq reroutes exports overland through Syrian territory to Mediterranean ports, away from the disrupted Strait of Hormuz.
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Syria's Finance Ministry issued Decree No. 2327 to combat tax evasion carried out through fictitious importers, making customs brokers responsible for verifying the true identity of importers and imposing legal liability on those who conceal it.
Read More →Residents of Raqqa are lining up at the city's sole exchange point to swap old Syrian pound notes before a 30 July 2026 deadline, as the central bank says it has replaced about 80 percent of the old currency nationwide.
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Syria and Iraq signed two memoranda in Washington on 18 July 2026 to rehabilitate the decades-old Kirkuk-Banias pipeline, targeting about two million barrels of crude oil a day and routing Iraqi oil to the Mediterranean.
Read More →Lebanon and Syria have formed a committee to review more than 40 economic agreements signed under the former government, aiming to revive trade that fell to about $250 million in 2025 from a peak below $800 million.
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