Latest economic and financial news about Syria, currency markets, and regional economy updates.
Daraa province opened its wheat procurement season on 1 June 2026, reactivating a grain center shut for over a decade and targeting about 106,000 tons through four collection points and an electronic booking system.
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At a Damascus conference on 1 June 2026, Syrian ministers outlined a shift toward a private-sector-led economy, promising four-year tax exemptions, sovereign-guaranteed bank financing, and a revised tax system.
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A rehabilitated pumping station in Sahnaya, south of Damascus, has tripled daily output to about 15,000 cubic meters, restoring water for roughly 500,000 residents across four districts at a cost near US$500,000.
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The Al-Enabiyah center in Tartus began receiving the 2026 wheat harvest from farmers on 1 June, introducing an electronic queue and text-message scheduling system, with prices set by grade after on-site sampling.
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Vegetable prices in Damascus markets dropped 10 to 15 percent in early June 2026, with staples like cucumber and tomato easing, even as summer fruit such as cherries and peaches remained largely unaffordable for many households.
Read More →Administrative and technical employees at Aleppo University protested on 31 May 2026 against their exclusion from the qualitative salary increases granted under Presidential Decree No. 68, with parallel action at the Higher Education Ministry in Damascus.
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Syria's central bank governor said more than 63 percent of old banknotes have been exchanged for the new currency nationwide, and gave holders until 31 July 2026 to swap the rest before old notes lose their place in circulation.
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The Finance Ministry cut the income-tax advance charged on importers of industrial inputs and foodstuffs to 1% from 2%, effective 1 June 2026. Imports valued under 100,000 new Syrian pounds are exempt.
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Al-Hasaka governorate expects about 600,000 tons of rain-fed barley this season, a yield farming officials call the strongest since the 1980s, with the crop set to ease pressure on Syria's livestock feed market.
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Prices for eggs, milk and several cheeses rose across Syrian markets after Eid al-Adha, with guaranteed Shallal cheese reaching 820 pounds a kilogram and fuel costs up more than 30 percent in recent weeks.
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