Economic News

Jandar Power Plant Returns to the Spotlight: Electricity Output Rises from 200 to 820 Megawatts

Syria Opens Fuel Station Licensing on June 1 Under New Energy Ministry Rules

Syria's Ministry of Energy will begin accepting fuel station license applications on 1 June 2026 through Energy Services Directorates in every governorate, under newly issued executive regulations announced via its Telegram channel.

Tartus Port Receives 32,000 Livestock From Romania Bound for Jordan

Two ships arrived at Syria's Tartus port from Romania on 12 May 2026 carrying 32,000 head of livestock destined for Jordan, in a transit shipment that officials linked to a rise in commercial traffic through the Mediterranean port.

Syria Allows Used-Car Imports Into Free Zones Under New Customs Rules

Syria's General Authority for Crossings and Customs has authorized investors operating in free zones to import used cars from neighboring countries, conditional on a written pledge that the vehicles will not be sold or registered locally.

Iraq Receives First TIR Cargo Shipment From Syria via al-Walid Crossing

Iraq's General Customs Authority received its first cargo shipment under the international road transport (TIR) system from Syria bound for Kuwait on 11 May 2026, transiting the recently reopened al-Walid – al-Tanf border crossing.

Syria Hosts First Investment Forum With UAE, $1.3 Billion Trade Disclosed

The first Syrian–Emirati Investment Forum opened at the People's Palace in Damascus on 11 May 2026, with officials disclosing $1.3 billion in non-oil bilateral trade for 2025 and tax exemptions of up to 80 percent for industrial investors.

Turkish Industry Group Proposes 99-Year Border Zone for Syrian Refugees

A Turkish garment manufacturers association has proposed leasing a strip of Syrian territory 15 to 30 kilometers deep for 99 years to host industrial production zones for returning refugees, drawing opposition from Turkish unions and domestic manufacturers.

Syria Races to Rehabilitate Hasaka Grain Silos Before Wheat Harvest

Five of eight primary grain silos in Hasaka governorate remain out of service, with the Syrian Grain Corporation rushing repairs ahead of a harvest expected to draw heavily on the northeast.

Syria Fruit and Vegetable Prices Climb Despite Strong Spring Harvest

Summer fruit and vegetable prices in Syria are climbing rather than easing, with traders citing the recent fuel-price hike's effect on transport costs as the main driver.

Syria Targets 2.5 Million Tons in 2026 Wheat Harvest, Below 2.8M Goal

Syria's Agriculture Ministry projects a 2.3 to 2.5 million ton wheat harvest this season, falling short of the 2.8 million ton target set under the official cultivation plan.