Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria imports 150,000 barrels of oil a day to cover a 200,000-barrel production gap and spends $831 million a month on crude and products, the energy minister told the People's Assembly on 20 September 2026, pledging oil self-sufficiency by 2028.
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All insurance companies operating in Syria must become public joint-stock companies and list on the Damascus Securities Exchange within 18 months, under a directive issued on 10 September 2026.
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The board of Syria's Industrial Bank, chaired by the finance minister, approved its 2027 credit and investment plans and budget on 17 September 2026, reopened its Daraya branch, and launched joint financing to modernize war-hit factories.
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A World Bank technical team met Syria's finance minister at a Damascus roundtable on 17 September 2026 to discuss building a market-based housing finance system for returning Syrians and low-income families.
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Syria's civil aviation authority met executives of aircraft lessor AerCap in Damascus on 17 September 2026 to expand the national fleet, weeks after Syrian Airlines took delivery of its first two Airbus A320 jets in a planned eight-aircraft program.
Read More →A Qatari investment group has completed the transfer of a 48.68 percent stake in Syria's Shahba Bank to a fully owned banking subsidiary, with plans to raise the lender's capital and open branches in Deir ez-Zor, Hasaka, and Qamishli.
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Syria's parliament unanimously abolished the terrorism court and voided its rulings, ordering the return of property confiscated between 2011 and 2024 and exempting recipients from transfer taxes and fees.
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Syria’s Energy Ministry has approved a new diesel pricing mechanism featuring three grades priced at SYP 115, 150, and 175 per liter, depending on usage and specifications. Subsidized diesel will be allocated to heating and agriculture, while designated fuel stations will handle distribution under a new implementation plan.
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A state grain authority opened a tender on 17 September 2026 to sell 200,000 tons of durum wheat classified as surplus to national milling needs, with bids closing on 20 October 2026.
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A four-day reconstruction exhibition in Damascus closed with 3,200 contracts worth $1.756 billion and 412 memoranda of understanding, drawing 356 companies from 27 countries.
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