Latest economic and financial news about Syria, currency markets, and regional economy updates.
The Syrian Petroleum Company commissioned a new 25-ton-per-hour steam boiler at the Homs refinery and returned its Czech-built Unit 21 and asphalt facility to service, part of a broader push to rebuild domestic refining capacity.
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Syria's civil aviation authority is preparing to open direct flights between Damascus and Amsterdam in the first week of July 2026, alongside new Aleppo routes to Bucharest and Sharjah, widening the country's international connections.
Read More →The Qalaat al-Mudiq grain silo in Hama has returned to service after 10 months of rehabilitation, restoring 1,500 tons of daily wheat capacity as the 2026 marketing season gets under way.
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Syria expects its 2026 wheat harvest to roughly double to between 2.3 and 2.5 million tons, up from about 900,000 tons last year, though output still falls short of the roughly four million tons the country consumes each year.
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Syria's finance minister said the monthly public wage and salary bill has risen to 46 billion Syrian pounds from 11.3 billion, with retiree allocations climbing to more than 13.5 billion, in a step toward a unified national salary system funded without new borrowing.
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A European Commission delegation and Syria's finance minister agreed on 20 June 2026 to send an EU financial mission to Damascus in the second half of July and to prepare a European investment conference in the capital in the coming months.
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Emaar Properties founder Mohamed Alabbar said projects worth roughly $18 billion are under study in Syria, with about $11 billion earmarked for Damascus and $5 billion to $7 billion for the coast, some beginning within months.
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Syria's export development authority has called on all exporting firms to complete registration in the National Export Registry by 30 June 2026. The process costs 50,000 Syrian pounds in the redenominated currency and unlocks customs and logistical support.
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Switzerland removed seven Syrian state entities, including the defense and interior ministries, from its sanctions lists effective 16 June 2026, mirroring an earlier European Union step toward easing restrictions on Damascus.
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A $4.4 million Japanese grant announced on 18 June 2026 will clear mines from farmland in Aleppo, Hama, and Idlib and support about 1,500 families to restart cultivation.
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