Latest economic and financial news about Syria, currency markets, and regional economy updates.
A new temporary bulletin took effect on 13 September 2026, setting gasoline 95 at 195 Syrian pounds a liter and diesel at 175, as authorities cited higher global supply costs and a two-month Banias refinery overhaul.
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Syria's Banyas refinery has begun its first comprehensive overhaul, aiming to raise processing capacity from about 80,000 to roughly 130,000 barrels per day as domestic demand far outpaces supply.
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A presidential decree restores pensions to civil retirees whose payments were suspended for security reasons before December 8, 2024. Reinstatement applications open on September 13, 2026, with payments resuming October 1.
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A delegation from the International Finance Corporation, the World Bank Group's private-sector arm, met Syrian officials on 9 September 2026 to discuss resuming operations and financing investment and reconstruction.
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Iraq's oil minister announced plans to raise crude exports routed through Syria and Turkey's Ceyhan port to more than 1 million barrels, reviving the Kirkuk–Baniyas pipeline that Syria agreed to rehabilitate in July 2026.
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The Council of the Arab League has fully lifted all political, economic, and social sanctions on the Syrian state and its institutions, while keeping restrictions on former regime officials, in a decision Damascus welcomed on 9 September 2026.
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Maintenance at the Banias refinery in Tartus aims to lift processing capacity from about 80,000 to 130,000 barrels per day, including a reactor replacement after more than 40 years, in a bid to strengthen domestic fuel supply.
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Five interconnected industrial projects worth an estimated $500 million were agreed for Hasya Industrial City in Homs, the largest deal at the 63rd Damascus International Fair, spanning iron, ceramics, building materials, asphalt and quarrying.
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Syria's energy minister said an emergency water security project financed under an agreement with the World Bank Group has entered implementation, with three schemes in Idlib, Homs, Hama and Damascus set to serve more than five million people.
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Syria's Glory Holding Group and Qatar's Tamim Holding Group launched a joint investment partnership in Damascus on 6 September 2026, targeting real estate, industry, agriculture, energy, and technology, though no financial figures were disclosed.
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