Latest economic and financial news about Syria, currency markets, and regional economy updates.
American oil company HKN Energy has begun operating the Rmeilan fields in Hasakah under a 25-year contract that splits output 60-32-8 among the operator, the state Syrian Petroleum Company, and a local services firm.
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Barley prices in Syria's northeast have fallen as much as 50% since planting season to about $200-225 a ton, as Hasakah and Jazira farmers flood the market to raise cash during the June 2026 harvest.
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Residential rents in Damascus are climbing sharply, with landlords increasingly demanding payment in US dollars and yearly hikes of up to 50%, pushing some prices above those in Dubai and Riyadh.
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Used laptop prices in Syria climbed about $50 per device in a week after a border checkpoint reinstated a ban on importing secondhand computers from the United Arab Emirates, squeezing supply.
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Syria began applying salary increases for resident physicians, engineers, and technical staff in the higher-education sector under Presidential Decree No. 68 of 2026, lifting resident doctors' monthly pay to 45,500 Syrian pounds.
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The Syrian government began supplying diesel to Hasakah province on 14 June 2026 after protests over fuel shortages, delivering about one million liters of subsidized fuel to sustain the grain harvest as pump prices diverged between supply sources.
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A delegation from the International Monetary Fund met Syria's finance minister to discuss modernizing the country's tax and customs systems, as the Syrian pound weakened about 4 percent against the dollar over the past week.
Read More →Syria has asked Qatar to extend for two years a grant that funds Azerbaijani gas deliveries, and to raise volumes, after the program helped supply power to about 5 million people.
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A June 9, 2026 summit in Gaziantep set targets to lift Syria-Turkey trade past $5 billion and revive rail and customs crossings, as officials cast the relationship as strategic economic integration.
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A gas line linking Turkey to Aleppo has entered service, while Damascus and Baghdad weigh reactivating the Kirkuk-Banias oil pipeline at up to 2.5 million barrels. Both anchor a 'Four Seas' plan to cast Syria as an energy and transit corridor between Asia and Europe.
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