Latest economic and financial news about Syria, currency markets, and regional economy updates.
A new presidential decree grants Syrian wheat farmers an extra 9,000 pounds for every ton handed to the state grain agency, paid on top of the official purchase price as the 2026 harvest begins.
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Syria's public passenger transport authority has raised internal urban ride fares by 15 to 20 percent. Its director said the increase reflects fuel prices and the pound's exchange rate, with each governorate setting and ratifying its own tariff.
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A Romanian ship carrying timber has docked at Tartus port and begun overland transit to Iraq, the first such cargo to cross Syrian territory in 14 years. Officials cast the shipment as a sign that regional trade routes through Syria are reopening.
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Syria's finance ministry has stripped licenses from transaction brokers and accountants tied to corruption and set five-to-ten-year practice bans, alongside a tax overhaul that raises levies on tobacco and cement while exempting most wage earners.
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Syria's finance minister has set out a tax overhaul that would exempt annual incomes below 640,000 pounds from income tax and cap business tax at 15 percent, while a 2015 consumption fee takes effect on 1 June 2026 and about 700 licenses face review.
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QNB Group and Mastercard have signed a partnership to build infrastructure for accepting foreign payment cards in Syria, working with the Central Bank of Syria on point-of-sale, e-commerce, and smartphone-based payment systems.
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The Syrian Grain Corporation is rehabilitating war-damaged silos and readying about 80 collection centers across the main wheat provinces, raising storage capacity to about one million tons ahead of the 2026 harvest.
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Latakia Governorate has allocated 3 billion Syrian pounds (SYP) to rehabilitate roads across five subregions, with work starting in June 2026 to finish before the winter rains.
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The Bab al-Hawa Industrial City in northern Idlib began clearing a 55,000-square-meter rocky outcrop on 19 May 2026, freeing roughly 40,000 square meters of new plots for food manufacturers.
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Syria's General Authority for Ports and Customs signed an agreement on 19 May 2026 with global shipping group CMA CGM to operate dry ports in the Adra and Aleppo free zones.
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