Latest economic and financial news about Syria, currency markets, and regional economy updates.
An oil-well service rig known as XJ has returned to operation in the central region's fields in Homs after an overhaul carried out with domestic expertise, restoring capacity to repair oil and gas wells.
Read More →The Local Administration Ministry approved 2026 operating budgets for 106 city councils across 11 governorates between 14 May and 1 June, giving local units binding allocations to fund services and projects.
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Syria's state insurer signed its first reinsurance contract in more than 15 years, covering aircraft risks for the new Syrian Aviation Holding Company through high-rated international reinsurers in the Lloyd's of London market.
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A UAE government delegation met Syria's geology and mineral authority on 25 June 2026 to discuss expanding mining investment and building rail links from mines to seaports for export.
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The first Jazeera Airways flight from Kuwait landed at Aleppo International Airport on 25 June 2026 carrying 148 passengers, with the carrier set to run two weekly flights and later three.
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Jordanian exports to Syria climbed 38.4 percent to about 101 million dinars in the first quarter of 2026, while imports from Syria fell, as reopened border crossings boosted bilateral trade.
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The Central Bank of Syria reopened its Raqqa branch on 25 June 2026 after a 13-year closure, restoring currency exchange and other banking services to the northern governorate.
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Syria's transport ministry is negotiating a $200 million World Bank grant to rehabilitate its railways and has outlined a 2026–2028 plan featuring dry ports in Damascus, Aleppo, and Homs, as it courts Gulf investment to rebuild a war-damaged network.
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Syria's national oil company and a major US energy firm discussed converting a signed offshore exploration memorandum for Block 1 into a binding contract, while weighing the American firm as a partner in reviving the long-idle Kirkuk-Baniyas crude pipeline.
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A permanent government committee has required that all petroleum products be priced and sold in Syrian pounds inside the country, a measure the energy minister approved for immediate implementation on 23 June 2026.
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