Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's finance minister has ordered a committee to close the file of non-performing European Investment Bank loans and prepare the required legislation before the end of August 2026, drawing on debt-settlement relief granted under Decree No. 70.
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A visiting International Monetary Fund mission wrapped up talks in Damascus on 12 August 2026 on Syria's draft tax laws, as the tax authority moved to launch a hiring drive, review its 2027 budget, and redraft the tax evasion law.
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The World Bank announced a $100 million grant on 7 August 2026 to modernize Syria's financial infrastructure, lifting total approved grants to $491 million as Damascus works to rejoin the international financial system.
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A Turkish maritime firm will invest at least $190 million over five years to build an integrated shipyard at the port of Tartus, a build-operate-transfer project set to create about 1,700 direct jobs and require a workforce that is 95 percent Syrian.
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The fourth dock at Tartus port entered commercial service on 11 August 2026, receiving its first vessels after passing to Syrian civilian administration. The 630-meter berth can handle three large ships at once with loads reaching 55,000 tons.
Read More →The finance minister projected the Syrian economy would grow 11.3 percent in 2026 and budget revenue would reach about $8 billion, more than double the 2025 figure, with the IMF forecasting similar expansion.
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Two mobile harbor cranes with a 125-ton lifting capacity each arrived at Tartus port on 11 August 2026 under a modernization plan overseen by DP World, aimed at speeding cargo handling and expanding the port's operational capacity.
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Syria's Finance Ministry held a closed workshop with the International Monetary Fund in Damascus on 10 August 2026 to examine a new tax system, with the minister saying draft tax laws will be sent to the People's Assembly.
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Syria's agriculture ministry and a Saudi feed company signed a memorandum on 10 August 2026 to study building fodder farms and processing plants across about 30,000 hectares in the country's east, using sustainable irrigation.
Read More →Syria's main Mediterranean port at Tartus has brought a 630-meter fourth berth into service, letting it receive up to three large vessels at once with combined loads reaching 55,000 tons, as authorities take over civilian operation of the facility.
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