Latest economic and financial news about Syria, currency markets, and regional economy updates.
About 5,000 tanker trucks now cross Syria each day carrying Iraqi oil to the Mediterranean port of Baniyas, a route opened in April 2026 to bypass the Strait of Hormuz and set to be reinforced by a proposed $5.7 billion pipeline.
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Syria's central bank governor met a delegation from Germany's federal cooperation ministry in Damascus on 2 September to discuss opening payment channels, exchange-rate stability, and reconstruction investment in water, power, agriculture and health.
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Nationwide wheat procurement reached 2.7 million tons this season against a 2.55-million-ton annual need, signaling self-sufficiency, as the Hama branch alone collected 207,886 tons — nearly double last year's intake.
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The Adra Free Zone near Damascus has drawn about 400 local, Arab and foreign investors and passed 80 percent occupancy, its director said on 2 September 2026, with goods now exported to the Gulf, Jordan and Turkey.
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The telecommunications regulator will stop approving imports of mobile phones that run only on 2G or 3G networks starting 1 October 2026, requiring 4G/LTE support and signaling a gradual phase-out of older devices.
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Two of five wells at the Conoco field east of Deir ez-Zor returned to production on 1 September 2026, adding 1.5 million cubic meters of gas a day to feed power stations in the south.
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A German carrier's flight from Cologne touched down at Deir ez-Zor International Airport on 1 September 2026, the first scheduled European service in the airport's commercial history, as aviation authorities move to reactivate and expand Syria's regional airports.
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The 63rd Damascus International Fair opened with 60 countries and about 1,000 companies taking part, up from 46 countries a year earlier, as European and German firms returned to a market courting reconstruction and energy investment.
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Syria reopened its embassy in Tripoli on 31 August 2026 after 14 years, reactivating a joint economic committee with Libya and resuming consular services for an estimated 200,000 Syrians living there.
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Syria's economy ministry signed a memorandum on 31 August 2026 with a Spanish firm to build a marble and stone industrial city in Homs, with investment rising from about $30 million to a potential $200 million and up to 45,000 permanent jobs.
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