Latest economic and financial news about Syria, currency markets, and regional economy updates.
French energy major TotalEnergies will help extend and connect an oil pipeline carrying Iraqi crude to Syria's Mediterranean port of Banias, the energy minister said, as Damascus and Paris signed a package of strategic cooperation deals on 7 July 2026.
Read More →An international climate fund approved $27.7 million (USD) for Syria's first national project, aimed at easing water scarcity in the regions hit hardest by climate change, in a decision taken on 3 July 2026.
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Energy authorities documented 153 violations and closed eight fuel stations on 6 July 2026 for offenses including selling above set prices and diverting reserve stock, part of a drive to steady the fuel market.
Read More →Syria's precious-metals regulator has halted imports of gold coins and ounces, saying domestic output now meets demand and that counterfeit foreign pieces entered via unofficial crossings. Holders have one month to register existing stock for official hallmarking.
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Syria's agriculture ministry and two Emirati companies signed a memorandum on 6 July 2026 to build four processing centers and export farm goods to the UAE through Iraq.
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Syria's Ministry of Energy dispatched 400 tanker trucks carrying more than 9.6 million liters of gasoline to fuel stations across the governorates on 6 July 2026, part of a push to keep retail supply steady and balance distribution between regions.
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Syria secured approval for its first project financed by the Green Climate Fund, a $27.7 million program to strengthen water security and help farmland withstand growing water scarcity.
Read More →Private fuel stations in Damascus stood idle for two days in early July 2026, forming long queues, after operators shifted from dollar to Syrian pound payments and days after official price cuts to gasoline and diesel.
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International lenders led by JPMorgan, Qatar National Bank and Abu Dhabi Commercial Bank have agreed to arrange about $7 billion for a power-generation program in Syria, one of the largest foreign financing commitments since the change of government.
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The Syrian pound traded near 13,000 to the dollar this week as the state oil company handed central gas fields to the Saudi firm ADES on 2 July 2026, aiming to raise output 25 percent within six months and 50 percent by mid-2027.
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