Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's economy is projected to grow more than 10 percent in 2026, but a first-half deficit near $1 billion, a 30 percent jump in living costs and cash shortages mean households feel little of the rebound.
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France has begun a two-year technical assistance program for Syria's central bank, covering banking supervision, monetary policy and liquidity management, as Damascus works to reconnect its financial system to Europe.
Read More →Residents of Dummar and other Damascus neighborhoods protested on 9 October 2026 against expropriation decrees for housing projects, blocking roads and demanding their property back or fair compensation.
Read More →Syria's sovereign fund holds about $50 billion in state-owned and confiscated assets, spanning factories, real estate, and bank shares, alongside foreign deals including a $7 billion Emirati real estate project.
Read More →Kuwait's Zain will begin mobile operations in Syria within days under a $747 million license, with total investment set to exceed $1.5 billion and a 5G launch planned for early 2027.
Read More →Drivers in Damascus, Aleppo, Latakia, and Deir ez-Zor reported engine trouble and costly repairs after refueling on 9 October 2026. A distributor said the problem spans most stations, and the state petroleum derivatives company opened an inquiry into the fuel's source.
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Iraq has asked Syria to move crude oil across its territory for export, with the first truckloads expected by mid-October 2026 and an agreement described as nearly complete.
Read More →Three banks jointly financed a $25 million Islamic syndicated loan for two Damascus infrastructure projects, the first deal of its kind in the country, in a move that laid bare how little any single Syrian bank can now lend on its own.
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Syria's central bank has begun a technical cooperation project with France to strengthen risk-based banking supervision and monetary policy tools, months after reopening its account at France's central bank.
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Syria signed a framework agreement on 5 October 2026 with Abu Dhabi developer Eagle Hills to build a residential complex in Damascus and a coastal tourism project in Latakia, a deal officials said would create more than 40,000 jobs.
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