Latest economic and financial news about Syria, currency markets, and regional economy updates.
Electricity rationing across Damascus and its countryside now reaches up to 10 hours a day in some areas, with the state utility citing reduced generation and a shortage of imported gas.
Read More →Syria's finance ministry and a visiting International Monetary Fund technical team wrapped up a week of talks in Damascus on 30 October 2026, agreeing on a package of public-finance measures to be carried out within six months.
Read More →Syria's energy minister reported 22 attacks on the country's oil and gas lines since the start of 2026, with sabotage repeatedly knocking power plants offline and pushing the monthly bill for securing fuel imports toward $831 million.
Read More →A United States oil company says it aims to raise output from the Rmeilan fields in Hasakah to about 150,000 barrels per day within two years, up from 65,000 to 70,000 today, under a 25-year production-sharing deal signed in 2026.
Read More →Iraq's government says it is working toward an agreement with a consortium led by US energy company Chevron to carry Iraqi crude through Syria to the Mediterranean port of Baniyas, with a stated export capacity of up to 2 million barrels per day.
Read More →A Norwegian oil producer is studying whether to ship crude from Iraq's Kurdistan region across Syria to the Mediterranean, reviving interest in the long-idle Kirkuk-Baniyas pipeline that Washington backed restarting in July 2026.
Read More →Syrian and Turkish grid operators discussed arrangements to activate a rehabilitated 400-kilovolt line between Aleppo and Bireçik, designed to carry 500 megawatts into Syria as the country struggles with chronic electricity shortages.
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Alphabet shares plunged roughly 13% on Thursday, putting nearly $500 billion in market value at risk after disappointing third-quarter results revealed $9.1 billion in negative free cash flow and soaring AI infrastructure costs, triggering broader selling pressure across the Nasdaq.
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Syria's finance minister met representatives of a US energy company in Damascus on 29 October 2026 to discuss speeding up natural gas development and raising domestic output, following a June 2026 contract to develop several gas fields.
Read More →Syria's finance ministry and a visiting World Bank Group mission discussed on 29 October 2026 a legal framework for infrastructure investment and public-private partnerships to finance reconstruction.
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