Latest economic and financial news about Syria, currency markets, and regional economy updates.
President Ahmad al-Sharaa paid for coffee with a Visa card in Damascus on 27 August 2026, as Visa, Mastercard and QNB Group ran Syria's first live international card transactions in over 15 years.
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A Saudi-led consortium signed a technical services agreement on 27 August 2026 to study an integrated water and desalination system for Syria, targeting capacity of up to 1.2 million cubic meters a day and a 400-kilometer transport network.
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A Turkish firm signed a one-year agreement at the Damascus International Fair on 27 August 2026 to expand the Bab al-Hawa Industrial City, aiming to open some 2,000 industrial investment opportunities and rebuild core infrastructure.
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Syria and Saudi Arabia signed a bilateral air transport agreement in Damascus on 27 August 2026, adopting open-skies principles that let carriers add routes and flights by demand. The accord updates a 2007 framework and awaits legislative ratification in both states.
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The Central Bank of Syria and a Saudi business delegation agreed on 27 August 2026 to create a joint Saudi-Syrian bank and channels to ease cross-border transfers, aiming to unlock investment in tourism and real estate.
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Cross-border transit trucks between Syria and Turkey rose from about 3,500 in 2025 to more than 30,000 in the first seven months of 2026, as the two sides move to expand shared crossings and ease customs.
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Industrial fuel at Hasiyah Industrial City fell from $475 to about $400 per ton, trimming product costs 10 to 15 percent across textile and chemical plants a month after the change took effect.
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The Tabiya gas plant in Deir Ezzor has entered operational testing after rehabilitation, with crews preparing to send domestically produced gas to Homs once final checks conclude in the coming days.
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Officials from Syria and Turkey used the 63rd Damascus International Fair on 26 August 2026 to set a $10 billion bilateral trade target, backed by plans for Turkish bank branches, joint industrial zones, and eased customs.
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A Saudi developer and Syria's state housing authority launched Sham View, a 178-hectare residential and commercial project between Qudsaya and Dummar in Damascus, planned for more than 10,000 units and 22,000 residents over five years.
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