Latest economic and financial news about Syria, currency markets, and regional economy updates.
Central Bank inspectors and judicial police shut unlicensed exchange shops in Deir ez-Zor on 9 August 2026 for charging residents to swap old Syrian pound notes, seizing cash and gear. The old-currency deadline in the three eastern provinces now runs to 20 August 2026.
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Syria's agriculture ministry signed a memorandum with a foreign livestock firm on 9 August 2026 to rehabilitate state breeding facilities nationwide, offer interest-free loans to farmers, and build meat and dairy export chains, with work set to begin within a month.
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Three specialized industrial fairs closed in Damascus on 8 August 2026, drawing more than 300 brands from 13 countries and over 10,000 visitors, with companies signing agreements and memoranda of understanding.
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Syria announced a memorandum of understanding with Russia on 9 August 2026 under which the Syrian state will take over civilian management of Hmeimim airport and Commercial Pier 4 at Tartus port, after 18 months of negotiations.
Read More →The Rabia–al-Yaarubiyah crossing on the Syria–Iraq border is set for a one-to-two-month upgrade to handle about 300 transit vehicles and more than 1,000 oil tankers a day, part of a plan to make it Iraq's busiest gateway.
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Syria's finance minister and a senior U.S. Treasury official held a video meeting on the steps needed to reintegrate the country into the global financial system, after Washington lifted sanctions and removed Syria from its terrorism list.
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Syria's central bank said citizens can hand in old banknotes at accredited post offices in every governorate rather than traveling to Damascus, part of a five-year withdrawal process that began on 31 July 2026 after the exchange deadline closed.
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Three transit vessels from Brazil and Spain unloaded about 29,000 head of livestock at Syria's Tartus port on 8 August 2026, bound overland for Jordan and Iraq, as the port expands its role as a regional trade and transport corridor.
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Damascus's water authority and a Saudi firm are starting to install a trial batch of smart water meters, the first step of a 5-million-meter agreement signed in June 2026 and set to run over four years.
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The finance ministry says cumulative World Bank development financing to Syria has reached $491 million across five grants, all offered without repayment obligations, with a $100 million package now directed at the financial sector.
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