Economic News

US Commerce Official Pledges to Ease Export Curbs on Syria

A senior US Commerce Department official has pledged to quickly update and ease export restrictions on Syria, tied to the start of Syria's removal from the US terrorism list.

Central Authority for Inspection and Control Uncovers Embezzlement at a Bank, Refers Suspects for Prosecution

Syria Launches Seven Tenders to Rebuild M5 and Key Highways

Syria opened seven tenders to domestic and international bidders to rehabilitate the M5 corridor and other main routes, and is studying toll highways built under BOT concessions to link the country with its neighbors.

Syria Drafts Plan to Issue First Sovereign Sukuk and Treasury Bonds

Syria's Finance Ministry is drafting a framework to issue treasury bills, bonds, and sovereign sukuk to finance the 2026 budget deficit without printing money and to give the Central Bank new tools to manage liquidity.

Damascus Moves to Reopen State Banks Across Al-Hasakah Province

Officials agreed to reopen commercial and agricultural bank branches and reactivate the finance directorate across Al-Hasakah, restoring state financial services to the province.

Syrians Face Wide Swings in Electricity Bills as Supply Steadies

With power now averaging 16 hours a day in Damascus and its countryside, residents report sharply different electricity bills, driven largely by estimated meter readings.

Syria's Wheat Procurement Tops 2 Million Tonnes in 2026 Harvest

State grain centers have taken in more than 2 million tonnes of wheat from the 2026 harvest, with Al-Hasakah, Ar-Raqqa, and Aleppo supplying the largest volumes.

FlyDubai to Launch Daily Aleppo Flights After 14-Year Halt

The Emirati carrier FlyDubai will begin daily direct flights between Dubai and Aleppo International Airport on 20 July 2026, restoring a link severed for more than 14 years and making Aleppo its second Syrian destination after Damascus.

Syria and France Launch Multi-Sector Economic Partnership

Agreements signed during the French president's visit to Damascus opened a multi-sector economic partnership spanning ports, rail, energy, health and education, with a joint investment conference planned in Damascus for autumn 2026.

Switzerland Opens Development Cooperation Office in Damascus

Switzerland inaugurated a cooperation office in Damascus on 8 July 2026, upgrading its presence in Syria from emergency humanitarian aid to a formal development partnership spanning water, basic services and economic recovery.