Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's General Housing Authority signed a contract on 25 August 2026 to build Royal City, a 500-unit smart residential development in Sabboura, about 20 kilometers from Damascus.
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Thirteen German companies returned to the Syrian market at the 63rd Damascus International Fair after an 18-year absence, presenting energy, water and infrastructure products aimed at reconstruction.
Read More →The United States removed Syria from its list of state sponsors of terrorism on 24 August 2026, lifting a 47-year designation and clearing a major legal barrier to trade, investment and reconstruction.
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South Korea launched a second, $18.95 million phase of United Nations-run humanitarian and recovery programs in Syria on 24 August 2026, funding rubble removal, child nutrition and food aid across several governorates.
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Damascus is home to 8,997 licensed industrial and craft establishments across four sectors, led by textiles, with the industry directorate offering tariff exemptions to help idle facilities restart.
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Syria's central oversight authority suspended nine officials in the Deir ez-Zor oil fields and referred them to the judiciary after a three-month investigation flagged more than $28 million in preliminary losses tied to contracts, transport and mismanagement.
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The Syrian Investment Authority's director general issued a decision on 22 August 2026 to open a branch in Homs, aiming to bring services closer to investors and speed the move of projects from study to implementation.
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The agriculture ministry and a Brazilian livestock company reviewed steps to build modern slaughterhouses and rehabilitate state cattle facilities, under a memorandum signed on 8 August 2026 aimed at meat self-sufficiency.
Read More →A large-scale urban development named Boulevard Al-Nasr launched in Homs on 21 August 2026, spanning 510,000 square meters with about 2,500 apartments and a projected 8,000 to 10,000 direct jobs across three construction phases.
Read More →Iraqi Prime Minister Mohammed al-Sudani said his government is working to route crude exports through Banias on Syria's coast, part of a search for outlets that bypass the blocked Strait of Hormuz. Iraq already moves limited volumes across Syria by tanker truck.
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