Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's parliament unanimously abolished the terrorism court and voided its rulings, ordering the return of property confiscated between 2011 and 2024 and exempting recipients from transfer taxes and fees.
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Syria’s Energy Ministry has approved a new diesel pricing mechanism featuring three grades priced at SYP 115, 150, and 175 per liter, depending on usage and specifications. Subsidized diesel will be allocated to heating and agriculture, while designated fuel stations will handle distribution under a new implementation plan.
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A state grain authority opened a tender on 17 September 2026 to sell 200,000 tons of durum wheat classified as surplus to national milling needs, with bids closing on 20 October 2026.
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A four-day reconstruction exhibition in Damascus closed with 3,200 contracts worth $1.756 billion and 412 memoranda of understanding, drawing 356 companies from 27 countries.
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An agreement signed in Damascus on 16 September 2026 launches the first syndicated bank loan structured under Islamic finance since the transition, directing funds to three urban projects in the capital, including the Al-Mujtahid tunnel.
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Deir ez-Zor has begun clearing an estimated 10 million tons of war debris and outlined plans for a new city of about 100,000 homes, projects presented as an international reconstruction fair closed in Damascus on 16 September 2026.
Read More →Iraqi fuel routed through Syria to the Mediterranean has surged since March 2026: tankers crossing from Iraq rose from 44 a day to about 1,500 and monthly volumes climbed from 245,000 to 8.43 million barrels, as Strait of Hormuz disruptions reshape regional trade.
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A Qatari contractor has been awarded a roughly $150 million tender to rehabilitate a 215-kilometer road network linking Damascus to the Iraqi border, with the work set to run for 800 days.
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Authorities confirmed on 13 September 2026 that the price and weight of a bread bundle will not change despite higher fuel costs, after cutting bread-flour prices and raising the subsidy to 70 percent.
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Syria's finance ministry and an IMF mission discussed on 13 September 2026 adopting the latest government finance statistics manual, during a two-week visit, as the Fund projects growth above 10 percent this year.
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