Latest economic and financial news about Syria, currency markets, and regional economy updates.
A ministerial decision issued on 19 August 2026 created a national program to revive industrial output, requiring participating plants to reach at least 40 percent local value-added content and to meet Syrian quality standards.
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Damascus and Ankara signed a trilateral memorandum on mining and earth sciences on 19 August 2026, alongside plans for a new power line to deliver 500 additional megawatts to Aleppo by late September and to expand trade through northern border crossings.
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Syria's Energy Ministry reported crude oil output above 14 million barrels and 1.429 billion cubic meters of raw natural gas in the first half of 2026, alongside the restart of 152 wells and preparations to pipe gas to Lebanon.
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The Ports and Customs Authority adopted a new settlement guide for resolving customs violations under Decree No. 109 of 2026, replacing rates in force since January 2024 and taking effect on publication.
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The economy ministry made mandatory product weight and size specifications advisory, releasing goods held solely for weight breaches and giving retailers a six-month grace period to comply.
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The finance minister launched an electronic link on 19 August 2026 tying Popular Credit Bank to a private transfer network, adding about 220 outlets where customers, especially retirees, can withdraw and deposit cash.
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A presidential decision has adopted a national framework for electronic payments, tasking the central bank with licensing payment service providers, electronic money issuers, and payment system operators while cash transactions remain in place.
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A state grain center in eastern Idlib has returned to service after 14 years, taking in about 22,000 tons of wheat this season and easing transport costs for local farmers, with a mill and new silo planned to expand capacity.
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Farmers in Raqqa are still awaiting payment for wheat delivered to state centers this season. About 31% of some 3,600 invoice lists had been cleared as the governorate took in 300,000 tons, with a 25% advance available through a digital wallet.
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Syria's accounting and audit council has ordered insurance companies behind on their financial statements to file them under two reporting standards, and certified a chartered-accountant exam sat by 869 candidates.
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