Latest economic and financial news about Syria, currency markets, and regional economy updates.
International development lenders are reengaging with Syria at different speeds. Germany's KfW will open a Damascus office in August 2026, France's AFD runs four projects, and the World Bank Group has four grant projects underway with four more worth $931 million pending.
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Syria's central bank hosted a technical delegation from Turkey's central bank in Damascus on 28 July 2026 to work on linking payment systems and opening a joint account, a step aimed at easing cross-border settlement for trade between the two countries.
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The Commercial Bank of Syria extended branch hours to 5 p.m. through Wednesday, 29 July 2026, and added a Saturday shift to clear a surge of customers exchanging old banknotes before they lose legal-tender status on 31 July 2026.
Read More →The state-owned Syrian Company for Automobile Industry signed an agreement on 28 July 2026 with Chinese bus maker Yutong to set up a local vehicle-manufacturing line, backed by the Syrian Sovereign Fund, in a bid to shift from imports to domestic production.
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The committee that sets fuel prices lowered gasoline, diesel, and cooking gas rates effective 28 July 2026, citing a decline in global oil prices.
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Hisyaa Industrial City in Homs allocated plots to 15 new investors in the first half of 2026, with about 230 billion Syrian pounds in combined capital and close to 655 expected jobs.
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Syria's export authority is moving to adopt the European Union's Registered Exporter (REX) system, letting firms self-certify the origin of goods bound for the EU's 450-million-consumer market. Officials are targeting a 50 to 60 percent rise in exports by 2030.
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Two tankers carrying 64,324 tons of fuel oil and 5,620 tons of LPG docked at Banias on 27 July 2026, with unloading under way to shore up local energy supplies amid regional pressure on oil prices.
Read More →Syria's civil aviation authority says two German carriers, Sundair and LEAV Aviation, will begin scheduled direct flights linking Berlin, Dusseldorf and Cologne with Damascus and Aleppo from 29 July 2026, as a German ban on direct travel nears its end.
Read More →The Syrian Petroleum Company has begun rehabilitating the Al-Sijan processing station in Deir ez-Zor to handle crude from the Al-Omar field, shifting transport from tanker trucks to pipelines to cut costs and losses.
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