Tartus Port Handles 5 Million Tons of Cargo So Far in 2026
Tartus Port has received 551 vessels and handled about 5 million tons of cargo since the start of 2026, as the port authority upgrades cranes and equipment to expand capacity.
Read More →Economic News
Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria Signals Cut to Russian Oil Imports Amid US Sanctions Talks
Syria has told Washington it is ready to significantly reduce imports of Russian oil, now about 60,000 barrels a day, as the two sides discuss easing US sanctions and removing Syria from the state-sponsors-of-terrorism list.
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US Firm HKN Targets 200,000 Barrels a Day at Syria's Rmeilan Fields
The Syrian Petroleum Company and US-based HKN Energy set out plans to raise output at the Rmeilan fields in Hasaka toward roughly 200,000 barrels a day, weeks after the American firm took over operations at Syria's largest oil cluster.
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Syria Cuts Industrial Fuel Price to $400 a Ton to Aid Factories
The Ministry of Energy lowered the price of fuel oil for the productive sector to $400 a ton from $475, a $75 cut. Industrial producers said on 3 August 2026 the move would lower costs and strengthen the competitiveness of locally made goods.
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Syria Becomes Transit Route for Kurdistan Goods as Trade Ties Deepen
A visit by the president of Iraq's Kurdistan region to Damascus on 3 August 2026 spotlighted deepening cross-border commerce, with officials describing Syria as a transit corridor carrying construction materials, fertilizers, and food across a 600-kilometer frontier.
Read More →Syria Launches Drive to Reclaim State Assets Tied to Former Ruling Families
Syria's state property authority opened a national campaign on 2 August 2026 to recover public assets and fight corruption, flagging hundreds of properties tied to the Assad, Makhlouf, Shaleesh, and al-Jadaan families, mainly in Rif Dimashq and Latakia.
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World Bank Approves Syria's 2026 Reforms, Lifting 2027 Grants
Syria has secured World Bank approval of its 2026 performance and policy actions, unlocking larger concessional grant allocations for fiscal 2027 under the IDA's sustainable financing framework.
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Central Bank of Syria Announces Withdrawal of Old Currency, Grants Final One-Week Exchange Period
The Central Bank of Syria has begun withdrawing old Syrian currency from circulation, granting a final one-week period for exchanges through banks and postal branches before the process continues exclusively through the Central Bank in Damascus for five years.
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Syria's Northeast Reports Bumper Wheat Harvest as Farmer Payments Lag
Grain authorities in Al-Hasakah and Raqqa marketed more than 1.6 million tons of wheat this season, exceeding local needs, while farmers said delayed payments are hindering their summer planting.
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Three International Airlines Begin Scheduled Flights to Aleppo Airport
Aleppo International Airport received its first flights from three foreign carriers on 1 August 2026, arriving from Antalya, Düsseldorf, and Riyadh as the airport reopens to regular international traffic.
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