Latest economic and financial news about Syria, currency markets, and regional economy updates.
An international assessment of Syria's six state-owned banks completed its first phase in May 2026, setting out three paths for the sector: conversion into state joint-stock firms, privatization, or strategic partnerships with Arab and foreign banks.
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Damascus International Airport handled 148,305 passengers on 1,532 flights in May 2026, while aircraft transiting Syrian airspace jumped more than 378% from a year earlier.
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A new logistics center at Tartus port is to receive Russian strategic goods on a regular line from Novorossiysk and redistribute them across Syria and to Iraq, Jordan, and Gulf markets.
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Revenues from the Simalka crossing on the Iraqi border began flowing to Syria's state treasury on June 1, 2026, as Hasakah province merges its agricultural and other institutions into national bodies and restores power across some 60 percent of its networks.
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Authorities in Homs laid the cornerstone for the Salam Mall, a public-private project on a former bakery site that will house a bakery with double the output and create about 2,500 construction jobs over 18 months.
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More than 10 regional companies from Iraq, Jordan, Turkey and Saudi Arabia, alongside a local-Czech partnership, are competing to invest in Syria's Adra and Maslamiya cement plants, with the winners to be selected within 30 days.
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A residential development named Abyat Hills has been launched in the Qudsaya suburb, pairing a private developer with the state housing authority to build 2,000 homes across 300,000 square meters over four years, alongside schools, a mall and a hotel.
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Latakia Port handled more than 2 million tons of cargo and roughly 120,000 containers on 273 ships in the first five months of 2026, with the General Authority for Ports citing faster customs clearance and shorter docking times.
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Private bakery owners in Daraa say they are losing money buying inputs in dollars while selling bread at fixed pound prices. On 3 June 2026 they asked authorities to restore subsidies and reprice bread after mazout costs jumped to about 124 SYP per liter.
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Daraa province set fixed per-dunum wages for the 2026 wheat and barley harvest, from 650 to 1,200 Syrian pounds, as the season opens with output estimated near 100,000 tons of wheat and 30,000 tons of barley.
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