Latest economic and financial news about Syria, currency markets, and regional economy updates.
Private fuel stations in Damascus stood idle for two days in early July 2026, forming long queues, after operators shifted from dollar to Syrian pound payments and days after official price cuts to gasoline and diesel.
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International lenders led by JPMorgan, Qatar National Bank and Abu Dhabi Commercial Bank have agreed to arrange about $7 billion for a power-generation program in Syria, one of the largest foreign financing commitments since the change of government.
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Syria's finance ministry ordered public banks to pause legal action against European Investment Bank borrowers, a directive issued on 2 July 2026 under Decree No. 10 while a committee reviews the loan file.
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The Syrian pound traded near 13,000 to the dollar this week as the state oil company handed central gas fields to the Saudi firm ADES on 2 July 2026, aiming to raise output 25 percent within six months and 50 percent by mid-2027.
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The first direct flight of Syria's national carrier between Amsterdam and Damascus landed on 2 July 2026 after years of suspension, as air traffic over Syrian airspace rose 32.4 percent in June.
Read More →Arab delegations backed Syria's bid to rejoin the International Olive Council at a meeting concluded on 1 July 2026 in Lisbon, as officials work to finalize the legal procedures for membership and widen olive-oil export opportunities.
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Syria disbursed July pensions for 572,564 retirees and beneficiaries with increases of at least 30 percent under Decree 135, allocating about 6.32 billion Syrian pounds, with more than four in ten recipients gaining raises between 50 and 67 percent.
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The Central Bank of Syria reopened its branch in Hasakah on 2 July 2026 after more than 18 months, moving to open government accounts for salary payments and to begin exchanging old currency next month.
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Syria's Finance Ministry said it is working with an International Monetary Fund mission to build a medium-term public finance framework and macroeconomic forecasting tools, and to prepare the country's 2027 state budget.
Read More →Syrian marketing centers received 1,244,682 tons of wheat in June 2026, with Al-Hasakah supplying 42 percent and four northern governorates accounting for 82 percent of the total.
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