Latest economic and financial news about Syria, currency markets, and regional economy updates.
The state oil-derivatives company acknowledged days of congestion at filling stations in several provinces on 31 July 2026, citing shipping disruptions, higher import costs and a demand spike, as a tanker carrying about 37,646 tons of gasoline docked at Baniyas.
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Japan and UN-Habitat signed a $9.5 million agreement on 30 July 2026 to rebuild Homs's old Clock Square, overhaul its central markets, and modernize the city's solid-waste management.
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Syria has moved to open its silica sand reserves — put at tens of millions of tons — to investment, signing two supply deals aimed at solar-panel and electronics-grade material and higher-value processing at home.
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Syria has cut the price of industrial fuel oil to $400 per ton from $475, a reduction of about 16 percent announced on 30 July 2026 to lower production costs for factories.
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The board overseeing Syria's real estate finance sector approved updates to a 2012 law to clear the way for licensing mortgage-finance companies, part of a push to build a functioning mortgage market and ease home-purchase lending.
Read More →A scarcity of low-value banknotes is disrupting everyday transactions across Syria in the final days of July 2026, pushing merchants to round prices upward and improvise change as old notes are withdrawn.
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A tanker carrying about 37,646 metric tons of gasoline arrived at the Baniyas oil terminal on 30 July 2026, part of a plan to keep fuel flowing to Syria's provinces as regional tensions squeeze supply chains.
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Syria's central bank signed an agreement on 29 July 2026 to open an official account at Turkey's central bank in Damascus, a step to revive correspondent-banking ties and ease cross-border trade payments between the two neighbors.
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Syria's grain authority says it has taken in more than 2.5 million tons of wheat this season, up from 2.2 million tons in mid-July, calling the total a step toward self-sufficiency and food security.
Read More →The government has signed 54 economic memorandums and agreements so far in 2026, with Gulf states behind half of them. Energy led by sector at 22.2 percent and transport followed at 18.5 percent; 17 have entered implementation and seven show tangible progress.
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