Latest economic and financial news about Syria, currency markets, and regional economy updates.
A U.S. business delegation representing 50 companies and more than 80 executives began investment talks with Syrian officials in Damascus on 14 September 2026, in what organizers called the first corporate mission of its kind to the country.
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Syria's Ministry of Energy signed a ten-year partnership with Saudi technology firm Cashen on 13 September 2026 to build a national digital platform for monitoring and governing petroleum derivatives, starting with a 60-day pilot in Damascus.
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Syria's communications ministry signed an agreement on 13 September 2026 to build the “Ebla” submarine cable linking Tartus to Cyprus, with the national telecom operator, Cyprus's telecom authority, and a U.S. company. Service is planned for early 2028.
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The second edition of Syria's international reconstruction exhibition opens in Damascus on 14 September 2026, drawing 356 companies from 27 countries, with the number of represented trade agencies up 145 percent on the previous edition.
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A new temporary bulletin took effect on 13 September 2026, setting gasoline 95 at 195 Syrian pounds a liter and diesel at 175, as authorities cited higher global supply costs and a two-month Banias refinery overhaul.
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Syria's Banyas refinery has begun its first comprehensive overhaul, aiming to raise processing capacity from about 80,000 to roughly 130,000 barrels per day as domestic demand far outpaces supply.
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A presidential decree restores pensions to civil retirees whose payments were suspended for security reasons before December 8, 2024. Reinstatement applications open on September 13, 2026, with payments resuming October 1.
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A delegation from the International Finance Corporation, the World Bank Group's private-sector arm, met Syrian officials on 9 September 2026 to discuss resuming operations and financing investment and reconstruction.
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Iraq's oil minister announced plans to raise crude exports routed through Syria and Turkey's Ceyhan port to more than 1 million barrels, reviving the Kirkuk–Baniyas pipeline that Syria agreed to rehabilitate in July 2026.
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The Council of the Arab League has fully lifted all political, economic, and social sanctions on the Syrian state and its institutions, while keeping restrictions on former regime officials, in a decision Damascus welcomed on 9 September 2026.
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