Latest economic and financial news about Syria, currency markets, and regional economy updates.
A Turkish company signed a 30-year build-operate-transfer contract on 1 October 2026 to rebuild and run the al-Muslimiyeh cement plant near Aleppo, pledging $200 million to add a line producing 5,000 tons of clinker a day within a year.
Read More →The King Salman Relief and Humanitarian Works Center has allocated $4.03 million to rehabilitate more than 980 damaged homes in Aleppo, Rif Dimashq, and Deir ez-Zor and to fund winter assistance for over 53,800 people across five Syrian provinces.
Read More →The Central Bank of Syria has begun a pilot phase for internationally usable bank cards on the Mastercard network, completing a first cross-border payment at Dubai International Airport as it moves to reconnect the banking sector to global payment systems.
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An explosion on a gas line at the Tishreen station forced three power generation plants offline on 30 September 2026, cutting output and lengthening electricity rationing hours, the national electricity company said.
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The government ordered a 30 percent cut in fuel allocations for state vehicles as part of broader measures to curb non-essential spending, while shielding salaries, essential services, and emergency vehicles from the reductions.
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A Saudi company signed a 15-year, $3 million contract on 29 September 2026 to run the Jobar technical slaughterhouse in Damascus as a commercial facility, with equipping due within eight months.
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Syria inaugurated the second phase of the Arab Gas Line near Homs on 29 September 2026, adding 186 kilometers of pipeline to a network designed to move about 11 million cubic meters of gas per day.
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The European Union has allocated €60.2 million for Syria's recovery and agreed to prepare a new partnership deal replacing a 1977 accord, announced during the first visit by a top EU official to Damascus in 15 years.
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A Ministry of Economy and Industry decision on 29 September 2026 lets foreign firms dealing in vehicles, machinery, and tires register non-exclusive agencies and open branches in Syria, part of a push to attract foreign business.
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The Damascus Securities Exchange and the Abu Dhabi Securities Exchange signed a memorandum of understanding on 29 September 2026 to widen cooperation, a step in Syria's return to regional capital markets.
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