Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's Agriculture Ministry is studying a reference pricing system for poultry to curb sudden swings in white-meat prices, while a national committee has halted imports of broilers and chicks to protect local farmers.
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The Syrian pound has firmed against the dollar, easing to about 13,100 to the dollar on 1 July 2026, yet prices for staples and cleaning goods remain elevated, with some household products up about 20 percent.
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A vessel carrying modern cargo-handling equipment for DP World docked at Syria's Tartus port on 1 July 2026, delivering a 125-ton German crane as the first stage of a program to rehabilitate the Mediterranean port's aging infrastructure.
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The Energy Ministry said on 30 June 2026 that congestion at some fuel stations is a temporary supply bottleneck, not a shortage, blaming a buying rush sparked by price rumors. It followed an approved cut in petroleum prices of more than 14 to 20 percent.
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Kuwait's Zain has secured a 20-year license to operate a mobile network in Syria, pledging more than $1.5 billion. The operator will hold 75 percent of the venture, with Syria's sovereign fund taking the rest.
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Syria's Finance Ministry confirmed the income tax filing deadline for companies and large taxpayers will not move past 30 June 2026, with late penalties starting the next day. A 30-day extension granted on 18 May will be the last.
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Syria's finance ministry says retirement pensions raised 30 percent under a May 2026 presidential decree will be paid within days, after executive instructions were finalized to disburse them without delay.
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About 11,000 calves shipped from Brazil have passed through Syria from the port of Tartous to Iraq via the Al-Tanf crossing, with the movement projected to reach roughly 50,000 head as the country positions itself as a regional transit corridor.
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A ministerial decision permits privately run "tourist bakeries" on plots of at least 3,000 square meters, barring them from subsidized flour and from public-sector applicants as the government opens part of the bread-and-pastry trade to larger private investment.
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Syria's economy minister has formed a Syrian-Emirati business council and designated it the sole authorized body for economic and investment ties with the United Arab Emirates, effective immediately.
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