Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's Agriculture Ministry and a World Bank team reviewed preparations on 21 September 2026 to launch STAR, a grant-funded program aimed at boosting crop and livestock production, digitizing services, and strengthening food security.
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Syria and Uzbekistan have signed a memorandum establishing a joint economic and trade committee, aiming to boost Syrian exports and build partnerships in textiles, food, and light industry.
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Syria is reviewing a roughly $500 million road rehabilitation program with two Chinese firms and the Islamic Development Bank, alongside a national freight platform and cross-border corridors linking its neighbors.
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Syria and Iraq have agreed to connect their customs systems electronically to speed trade and transit, and to open the al-Tanf border crossing to passenger traffic once expansion and infrastructure work at both posts is complete.
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Syria imports 150,000 barrels of oil a day to cover a 200,000-barrel production gap and spends $831 million a month on crude and products, the energy minister told the People's Assembly on 20 September 2026, pledging oil self-sufficiency by 2028.
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All insurance companies operating in Syria must become public joint-stock companies and list on the Damascus Securities Exchange within 18 months, under a directive issued on 10 September 2026.
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A World Bank technical team met Syria's finance minister at a Damascus roundtable on 17 September 2026 to discuss building a market-based housing finance system for returning Syrians and low-income families.
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The board of Syria's Industrial Bank, chaired by the finance minister, approved its 2027 credit and investment plans and budget on 17 September 2026, reopened its Daraya branch, and launched joint financing to modernize war-hit factories.
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Syria's civil aviation authority met executives of aircraft lessor AerCap in Damascus on 17 September 2026 to expand the national fleet, weeks after Syrian Airlines took delivery of its first two Airbus A320 jets in a planned eight-aircraft program.
Read More →A Qatari investment group has completed the transfer of a 48.68 percent stake in Syria's Shahba Bank to a fully owned banking subsidiary, with plans to raise the lender's capital and open branches in Deir ez-Zor, Hasaka, and Qamishli.
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