Latest economic and financial news about Syria, currency markets, and regional economy updates.
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Syria in the final days of July 2026, pushing merchants to round prices upward and improvise change as old notes are withdrawn.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.
Read More →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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