Latest economic and financial news about Syria, currency markets, and regional economy updates.
Three international banks are arranging roughly $7 billion in five-year financing for Syrian power plants and airport works, with JP Morgan's involvement marking a step toward tapping global lending markets.
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Syria's Energy Ministry lowered the industrial fuel oil price from $475 to $400 per ton, a 15.8% cut aimed at reducing production costs for factories and boosting the competitiveness of Syrian goods.
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The state oil-derivatives company acknowledged days of congestion at filling stations in several provinces on 31 July 2026, citing shipping disruptions, higher import costs and a demand spike, as a tanker carrying about 37,646 tons of gasoline docked at Baniyas.
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Japan and UN-Habitat signed a $9.5 million agreement on 30 July 2026 to rebuild Homs's old Clock Square, overhaul its central markets, and modernize the city's solid-waste management.
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Syria has moved to open its silica sand reserves — put at tens of millions of tons — to investment, signing two supply deals aimed at solar-panel and electronics-grade material and higher-value processing at home.
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Syria has cut the price of industrial fuel oil to $400 per ton from $475, a reduction of about 16 percent announced on 30 July 2026 to lower production costs for factories.
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The board overseeing Syria's real estate finance sector approved updates to a 2012 law to clear the way for licensing mortgage-finance companies, part of a push to build a functioning mortgage market and ease home-purchase lending.
Read More →A scarcity of low-value banknotes is disrupting everyday transactions across Syria in the final days of July 2026, pushing merchants to round prices upward and improvise change as old notes are withdrawn.
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A tanker carrying about 37,646 metric tons of gasoline arrived at the Baniyas oil terminal on 30 July 2026, part of a plan to keep fuel flowing to Syria's provinces as regional tensions squeeze supply chains.
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Syria's central bank signed an agreement on 29 July 2026 to open an official account at Turkey's central bank in Damascus, a step to revive correspondent-banking ties and ease cross-border trade payments between the two neighbors.
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