Latest economic and financial news about Syria, currency markets, and regional economy updates.
State auditors in Aleppo say fraud in insurance and pension branches drained more than 90 billion Syrian pounds in public revenue, citing forged pension cards and contracts worth some 3 trillion pounds that were deliberately undervalued. The case has gone to prosecutors.
Read More →
Syria's water sector produced 558 million cubic meters of drinking water and reached more than 15 million people in the first half of 2026, alongside new wells, rehabilitated stations and thousands of kilometers of repaired networks.
Read More →
The World Bank's board approved a $100 million grant on 6 August 2026 to overhaul Syria's financial sector, funding digital payment systems, banking rehabilitation and stronger central bank oversight to reconnect the country to global finance.
Read More →The Kuwait Fund and a UN humanitarian office signed a $2.5 million grant on 7 August 2026, channeling money into a UN-managed pooled fund for emergency aid to vulnerable and displaced communities in Syria.
Read More →Syria's transport ministry opened talks with the World Bank on 6 August 2026 over funding studies and rehabilitation for a rail network of about 2,800 kilometers and main roads whose repair is estimated at $300 million to $500 million.
Read More →
Banias port on Syria's coast has handled 108 tankers and exported more than two million tons of Iraqi crude in transit since the start of 2026, alongside expanded ship-repair operations, a customs authority said on 6 August 2026.
Read More →The finance minister suspended 34 employees across tax directorates in Damascus, Hama and Aleppo and the state-run Real Estate Bank on 6 August 2026, referring them for investigation in a corruption crackdown that has removed about 70 staff since June.
Read More →
Syria's economy ministry signed a memorandum of understanding to rehabilitate grain silos, upgrade flour mills and modernize public bakeries, aiming to expand storage capacity and safeguard the country's strategic wheat reserves.
Read More →
Syria's financial-supervision body has referred a contractor and five Real Estate Bank officials to court over irregularities in a 2021 systems contract valued at $8.454 million and 11.313 million old pounds, freezing their assets on 6 August 2026.
Read More →Syria and U.S.-based HKN Energy confirmed an agreement to redevelop the Rmeilan oil complex, with Syria retaining 70 percent of revenue and output targeted to reach 250,000 barrels a day by the end of 2027.
Read More →