Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syrian and Turkish ministers meeting in Gaziantep set a goal of $10 billion in annual trade by the early 2030s, up from $3 billion now, and moved to reopen the Nusaybin and Islahiye border crossings.
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About 206,000 Syrians crossed back into the country between 18 and 31 May 2026 after authorities waived entry fees on Syrian vehicles for Eid al-Adha, with the Lebanese and Turkish crossings drawing the heaviest traffic.
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Syria's energy minister opened talks in Washington with the US energy secretary and American firms over investment in rebuilding the country's oil, gas and power infrastructure, though no agreements were signed.
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Authorities unveiled a plan worth more than $37 million to rebuild war- and flood-damaged roads and bridges across Deir ez-Zor, prioritizing trade corridors to Raqqa, Hasakah and Boukamal, with work set to begin immediately.
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Syria's civil aviation authority closed the country's southern air corridors on 8 June 2026 and suspended operations at Damascus International Airport. The national carrier rerouted two Gulf flights through Aleppo, and returning pilgrim flights were postponed.
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The Central Bank of Syria amended Decision No. 235/L to let recipients of international remittances choose whether to be paid in Syrian pounds or foreign currency, binding licensed banks, exchange firms, and transfer companies.
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A Saudi real estate firm launched two residential projects in the Damascus countryside on 7 June 2026, with combined investment exceeding $2 billion and plans for some 22,000 housing units.
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Syria's transport ministry unveiled a concessional loan program to replace or modernize about 75 percent of the country's roughly 42,000 freight trucks, most of them more than two decades old, over a seven-year period.
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Syria's state grain authority has opened wheat receiving centers across Rural Damascus and set harvest wage rates in Deir ez-Zor as the 2026 marketing season begins, with electronic scales, quality labs and transport allowances for farmers from Quneitra.
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Baghdad is moving to raise its northern crude export capacity toward one million barrels a day through pipelines linked to Turkey and Syria, with the Mediterranean port of Banias among the outlets targeted as it seeks to bypass the Strait of Hormuz.
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