Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syrian Transport Minister Yarub Badr met a Turkish State Railways delegation in Damascus on 6 May 2026 to advance a rail corridor running from Turkey through Syria, Jordan and Saudi Arabia to the Gulf, citing supply-chain risks at the Strait of Hormuz.
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Industrial committees in Aleppo say new electricity bills are arriving in the millions of Syrian pounds, after the 30 October tariff set the third tier at 1,700 SYP per kilowatt-hour for factories needing round-the-clock supply.
Read More →Finance Minister Muhammad Yasir Burnia issued the executive instructions for Decree 70 of 2026 on May 6, opening interest waivers and rescheduling for state-bank borrowers in default, with loans above 100 million Syrian pounds covered under specified conditions.
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Syria's Education Ministry says it has reopened 2,236 schools across Raqqa, Deir ez-Zor and Hasaka, integrated 38,000 teachers onto state payrolls, and brought more than 500,000 students back to classrooms in roughly 100 days.
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Emirati developer Eagle Hills is studying two Syrian urban projects worth more than US$50 billion, including a 33-million-square-meter Damascus master plan and a 15-million-square-meter coastal site at Latakia, disclosed at the first Syrian-Emirati business forum.
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Qatar National Bank Group has launched payment card acceptance and digital payment services in Syria, becoming the first international lender to operate such services in the market following the Central Bank's authorization to engage with global card networks.
Read More →Syria's wheat output is projected at about 2.3 million tons in the 2026 season, a relative recovery from the worst drought in roughly 60 years, with farmers cultivating 1.2 million of a planned 1.4 million hectares.
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Syria's finance minister issued executive rules on May 4 for Presidential Decree 69 of 2026, granting tax and fee exemptions plus incentives to over 30,000 damaged commercial, industrial and tourism enterprises across Aleppo, Rural Damascus, and other governorates.
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President Ahmad al-Sharaa held back-to-back meetings on Monday with the founder of the Rixos hotel chain, the head of the Emirati Maidaan City entity, and the chairman of Hassan Allam Holding, with a $250–300 million Damascus hotel project among the items on the table.
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The UN agriculture body's emergency response will reach an estimated 103,800 people across Hasaka, Raqqa, and Deir ez-Zor with seeds, organic fertilizer, and 6,400 metric tons of livestock feed amid what it calls the worst drought in roughly forty years.
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