Latest economic and financial news about Syria, currency markets, and regional economy updates.
The Local Administration Minister set a June 2026 deadline for most legislative updates and an end-of-year target for amending the contentious Law 107, while unveiling three digital projects including a Saudi-backed municipal automation deal.
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Tartous port loaded a maiden 10,000-ton sulfur shipment trucked through Jordan from Iraq on 25 May 2026, the opening leg of a roughly 1 million-ton transit programme that the transport ministry says will reposition the Mediterranean port as a regional logistics hub.
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Syria's economy ministry and Turkey's Isra Construction wrapped up final studies for a 255,000-square-metre expansion of Bab al-Hawa Industrial City, mapping infrastructure for roads, power, water and waste before construction begins.
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Hasaka province will open 20 grain-receiving centers on 1 June 2026 to handle this year's wheat crop, alongside a 20-point fire-prevention network deployed since mid-May to protect harvested fields.
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Cooked-chicken and shawarma prices in Damascus rose in recent days even as live-broiler costs eased, with restaurateurs citing higher fuel, electricity, and wage bills ahead of Eid al-Adha.
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Syria's Ministry of Energy opened three spillway gates at the Euphrates Dam on 25 May 2026, the first such release in more than three decades, after river inflows surged and Civil Defense ordered riverside evacuations downstream.
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The Finance Ministry is finalizing the legal framework for Syria's first sovereign sukuk issuance and cutting corporate income tax from 28 percent to under 15 percent, alongside a $225 million World Bank package for health and water.
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The Anti-Illicit Gains Committee extended its voluntary disclosure program until late August, giving holders of suspect assets a final window to settle before referrals to court resume.
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Syria's government fixed the 2026 wheat purchase price at 55,000 Syrian pounds (SYP) per ton — a 46,000 base plus a 9,000-pound presidential bonus — after protests across most governorates. Growers in Raqqa say dollar-denominated costs leave the payout at risk.
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Syria's Ministry of Emergency Management said on 24 May 2026 that water released through the Euphrates dam system has been increased from 500 to 800 cubic meters per second and could reach 1,000 by Sunday evening, lifting the river roughly 2 meters above its normal level.
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