Latest economic and financial news about Syria, currency markets, and regional economy updates.
A pricing bulletin effective at midnight on 24 July 2026 set octane-95 gasoline at 149 Syrian pounds a liter and diesel at 121, another increase for fuel in under a month, while cooking gas edged lower.
Read More →With seven days left before old Syrian pound (SYP) notes leave circulation at the end of July 2026, a shortage of small-denomination notes is disrupting daily transactions and fueling expectations that the central bank may extend the deadline.
Read More →Three tankers loaded Iraqi-origin fuel oil at Syria's Baniyas port between June and July 2026, the first US fuel oil imports routed through Syria on record, as Iraq shifts exports away from the Strait of Hormuz.
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Kuwaiti and Turkish companies held talks on expanding Deir Ezzor International Airport, weeks before its planned reopening in early August 2026 following the completion of rehabilitation work on 15 July.
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Syria launched a national anti-money-laundering strategy as a regional financial-standards body visited Damascus for the first time since 2010, part of a push to prepare for a 2027 evaluation and reconnect its banks to the international system.
Read More →Turkey's state-owned Ziraat Bank and private Aktif Bank have applied to open branches in Syria after the two governments agreed to admit Turkish lenders, a step that could route growing bilateral trade through formal banking instead of cash and informal transfers.
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Turkey's commerce minister set a $10 billion bilateral trade target with Syria, up from $3.75 billion last year, as transit routes reopened and a new Nusaybin-Qamishli crossing is due to open before the end of 2026.
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Syria logged 3.52 million visitors in the first half of 2026, more than double a year earlier, with foreign tourists up 448 percent. Officials tied the rebound to renewed confidence and flagged openings for hotel and hospitality investment.
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Syria is preparing its first sovereign sukuk since the change of government, aiming to raise $500 million to $900 million toward a projected $1.8 billion budget deficit while avoiding the inflation that comes with printing money. A first issue is not expected before late 2026.
Read More →A vehicle-manufacturing company owned by Syria's sovereign fund has signed a contract with Chinese manufacturer Yutong to build a modern vehicle plant in the country, in a deal centered on local production, technology transfer and training rather than imports.
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