Latest economic and financial news about Syria, currency markets, and regional economy updates.
The first batch of engineering equipment has arrived at the Nassib border crossing to begin rehabilitating the Damascus–Nassib international highway, a key transit route linking Syria's southern and northern borders, under a contract awarded to a Kuwaiti company.
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The 63rd Damascus International Fair generated more than 150 billion Syrian pounds in economic output and drew about 1.4 million visitors, organizers said on 5 September 2026 — more than ten times the results of the previous edition.
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The 63rd Damascus International Fair closed on 4 September 2026 after ten days that drew about 1,000 local, Arab and international entities from some 60 countries, yielding agreements on new industrial cities, reconstruction contracts and Saudi agricultural cooperation.
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Syria's Council of Exporters, formed by a Ministry of Economy and Industry decision on 27 August 2026, aims to open more than 90 markets to local producers and run a digital platform issuing electronic certificates of origin.
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Syria's transport minister met the two firms awarded a roughly $300 million contract to rebuild the Damascus-Palmyra-Deir ez-Zor corridor, reviewing the steps needed before construction can begin.
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Raqqa governorate and the Syrian Investment Authority signed a contract with two Turkish companies on 3 September 2026 to build a craft and industrial zone in the province, aiming to move workshops out of the city and organize local manufacturing.
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About 5,000 tanker trucks now cross Syria each day carrying Iraqi oil to the Mediterranean port of Baniyas, a route opened in April 2026 to bypass the Strait of Hormuz and set to be reinforced by a proposed $5.7 billion pipeline.
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Syria's central bank governor met a delegation from Germany's federal cooperation ministry in Damascus on 2 September to discuss opening payment channels, exchange-rate stability, and reconstruction investment in water, power, agriculture and health.
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Nationwide wheat procurement reached 2.7 million tons this season against a 2.55-million-ton annual need, signaling self-sufficiency, as the Hama branch alone collected 207,886 tons — nearly double last year's intake.
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The Adra Free Zone near Damascus has drawn about 400 local, Arab and foreign investors and passed 80 percent occupancy, its director said on 2 September 2026, with goods now exported to the Gulf, Jordan and Turkey.
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