Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria and Iraq formally reopened the Yarubiyah-Rabiyah border crossing on 20 April 2026 to serve as a corridor for Iraqi oil transit to the Mediterranean, with both countries pledging to rehabilitate all shared border crossings.
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Syria's Development Fund confirmed a $25 million (USD) commitment from the Al-Khayat family — its largest-ever registered pledge — to be channeled into infrastructure reconstruction and loans for small enterprises.
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The World Bank has allocated roughly $200 million as a grant for Syrian railway infrastructure, including locomotive procurement, track rehabilitation, and staff training, Syria's Transport Ministry announced on 20 April 2026.
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The Tartous cement factory began trial production on 20 April 2026 under a March 2026 investment agreement with UAE-based QZ Company, targeting annual output of more than one million tons.
Read More →Syria has ordered the closure of around 1,200 informal petroleum distillation units in Aleppo's Tareehin area, citing environmental damage and plans to channel all fuel production through official refineries.
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A Syrian delegation at the 2026 World Bank and IMF Spring Meetings in Washington presented a 10-project portfolio worth over $1 billion in grant requests and called for a multi-donor trust fund for Syria.
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Syria's geology authority signed a memorandum of understanding with Saudi company SAMIROCK on 20 April 2026 to develop a project producing diammonium phosphate from Syrian oil shale deposits.
Read More →Central Bank Governor Abdel Qader Al-Hassaria agreed with the World Bank on technical assistance to upgrade reserve and gold administration as Syria deepens international financial ties.
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Syria's state-owned Omran cement company said 2027 will be a turning point as five rehabilitated plants return to service, with ex-factory prices now at $100-120 per ton versus $165-170 in prior years, its director told SANA on 18 April 2026.
Read More →The Central Bank of Syria is preparing to launch an electronic platform, developed with an international partner, to regulate the foreign exchange market, as it expands correspondent accounts abroad and gradually restores SWIFT connections.
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