Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's national oil company and a major US energy firm discussed converting a signed offshore exploration memorandum for Block 1 into a binding contract, while weighing the American firm as a partner in reviving the long-idle Kirkuk-Baniyas crude pipeline.
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A permanent government committee has required that all petroleum products be priced and sold in Syrian pounds inside the country, a measure the energy minister approved for immediate implementation on 23 June 2026.
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A passenger ship arrived at Latakia from Jounieh on 22 June 2026, the first scheduled sea crossing between Syria and Lebanon in years. The vessel carries about 350 passengers and will run two to three weekly sailings, with plans to extend to Turkey and Cyprus.
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Syria's energy ministry has formed a permanent committee under Decision No. 844 of 2026 to set petroleum and mineral prices, weighing global rates, costs, the Syrian pound's exchange rate, and subsidy mechanisms.
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Syria's agriculture minister and an Emirati food-security delegation outlined two planned agreements on farm investment and crop exports on 22 June 2026, with an initial 3,000-ton potato shipment set as a first step.
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The economy and industry minister has ordered branches of the precious metals authority in all governorates to license gold traders, hallmark metals, and oversee jewelry workshops.
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A legislative decree has waived interest and penalties on overdue social insurance contributions for 12,741 employers, with more than 10 billion pounds in charges exempted and nearly 38 billion collected.
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The Syrian Petroleum Company commissioned a new 25-ton-per-hour steam boiler at the Homs refinery and returned its Czech-built Unit 21 and asphalt facility to service, part of a broader push to rebuild domestic refining capacity.
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Syria's civil aviation authority is preparing to open direct flights between Damascus and Amsterdam in the first week of July 2026, alongside new Aleppo routes to Bucharest and Sharjah, widening the country's international connections.
Read More →The Qalaat al-Mudiq grain silo in Hama has returned to service after 10 months of rehabilitation, restoring 1,500 tons of daily wheat capacity as the 2026 marketing season gets under way.
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