Latest economic and financial news about Syria, currency markets, and regional economy updates.
Maintenance at the Banias refinery in Tartus aims to lift processing capacity from about 80,000 to 130,000 barrels per day, including a reactor replacement after more than 40 years, in a bid to strengthen domestic fuel supply.
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Five interconnected industrial projects worth an estimated $500 million were agreed for Hasya Industrial City in Homs, the largest deal at the 63rd Damascus International Fair, spanning iron, ceramics, building materials, asphalt and quarrying.
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Syria's energy minister said an emergency water security project financed under an agreement with the World Bank Group has entered implementation, with three schemes in Idlib, Homs, Hama and Damascus set to serve more than five million people.
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Syria's Glory Holding Group and Qatar's Tamim Holding Group launched a joint investment partnership in Damascus on 6 September 2026, targeting real estate, industry, agriculture, energy, and technology, though no financial figures were disclosed.
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The first batch of engineering equipment has arrived at the Nassib border crossing to begin rehabilitating the Damascus–Nassib international highway, a key transit route linking Syria's southern and northern borders, under a contract awarded to a Kuwaiti company.
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The 63rd Damascus International Fair generated more than 150 billion Syrian pounds in economic output and drew about 1.4 million visitors, organizers said on 5 September 2026 — more than ten times the results of the previous edition.
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The 63rd Damascus International Fair closed on 4 September 2026 after ten days that drew about 1,000 local, Arab and international entities from some 60 countries, yielding agreements on new industrial cities, reconstruction contracts and Saudi agricultural cooperation.
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Syria's Council of Exporters, formed by a Ministry of Economy and Industry decision on 27 August 2026, aims to open more than 90 markets to local producers and run a digital platform issuing electronic certificates of origin.
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Syria's transport minister met the two firms awarded a roughly $300 million contract to rebuild the Damascus-Palmyra-Deir ez-Zor corridor, reviewing the steps needed before construction can begin.
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Raqqa governorate and the Syrian Investment Authority signed a contract with two Turkish companies on 3 September 2026 to build a craft and industrial zone in the province, aiming to move workshops out of the city and organize local manufacturing.
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