Latest economic and financial news about Syria, currency markets, and regional economy updates.
The telecommunications regulator will stop approving imports of mobile phones that run only on 2G or 3G networks starting 1 October 2026, requiring 4G/LTE support and signaling a gradual phase-out of older devices.
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Two of five wells at the Conoco field east of Deir ez-Zor returned to production on 1 September 2026, adding 1.5 million cubic meters of gas a day to feed power stations in the south.
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A German carrier's flight from Cologne touched down at Deir ez-Zor International Airport on 1 September 2026, the first scheduled European service in the airport's commercial history, as aviation authorities move to reactivate and expand Syria's regional airports.
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The 63rd Damascus International Fair opened with 60 countries and about 1,000 companies taking part, up from 46 countries a year earlier, as European and German firms returned to a market courting reconstruction and energy investment.
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Syria reopened its embassy in Tripoli on 31 August 2026 after 14 years, reactivating a joint economic committee with Libya and resuming consular services for an estimated 200,000 Syrians living there.
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Syria's economy ministry signed a memorandum on 31 August 2026 with a Spanish firm to build a marble and stone industrial city in Homs, with investment rising from about $30 million to a potential $200 million and up to 45,000 permanent jobs.
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The Syrian Sovereign Fund and Emirati developer Arada signed an agreement on 31 August 2026 to build the $7 billion New Damascus project, a four-million-square-meter development that includes housing for camp residents and owners of destroyed homes.
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The Syrian Mining Company and a French firm signed a memorandum on 31 August 2026 to operate and invest in the Homs phosphate washing plant, which has a capacity of 1.2 million tons a year — an early step toward foreign investment in Syria's mining sector.
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Syria's removal from the US state-sponsors-of-terrorism list is reopening correspondent banking, letters of credit and trade finance, as officials point to a $100 million World Bank grant and a returning international payments network.
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Syria's national carrier has taken delivery of two Airbus A320 aircraft, the first under an eight-plane fleet modernization program tied to a $4 billion redevelopment of Damascus International Airport.
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