Latest economic and financial news about Syria, currency markets, and regional economy updates.
Damascus Chamber of Industry met with textile manufacturers on 21 April 2026 to chart a revival plan for Syria's textile sector, which its chief Mohammad Ayman al-Mawlawi described as the country's largest employer of labor and second-biggest contributor to exports.
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Damascus Governorate and Syria's Tourism Ministry launched the Qasioun Journey project on Mount Qasioun on 21 April 2026, projecting more than 7,000 jobs and hundreds of small and medium investment opportunities, with most components set to open by end of summer 2026.
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Syria is re-emerging as a regional transit hub, with Turkish-Syrian trade reaching $3.7 billion last year and Iraqi oil flowing to Mediterranean ports via Syrian territory.
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Syria's Ministry of Communications completed the country's first VoLTE test call on 21 April 2026, as the ministry finalizes a joint venture with Saudi Telecom and launches a new fiber-optic network initiative.
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Syria's finance minister signed an agreement with the Qatar Fund for Development and Oliver Wyman to evaluate the country's banking and nonbank financial sector, backed by the US Treasury and the World Bank.
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Transportation costs for goods moving between Syrian provinces have risen between 40 and 50 percent since the start of 2026, driven by higher fuel prices tied to the exchange rate and rising costs for imported spare parts.
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Syria's Economy Ministry issued a decision on 20 April 2026 granting investors in industrial cities 18-month building permits and allowing one-time renewal of expired permits under the post-2025 investment framework.
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The European Commission proposed on 20 April 2026 to fully restore the EU-Syria Cooperation Agreement, suspended since 2011, and pledged a financial package of approximately 620 million euros for 2026–2027 covering humanitarian aid and economic recovery.
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Syria's central bank governor met his Austrian counterpart in Vienna on 20 April 2026 to discuss reopening bilateral wire transfers and activating cross-border payment systems, with a financial summit planned for October.
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Syria planted 1.2 million hectares of wheat this season—86 percent of the national plan—and expects to harvest approximately 2.3 million tons, an official said on 21 April 2026.
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