Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's economy ministry and Turkey's Isra Construction wrapped up final studies for a 255,000-square-metre expansion of Bab al-Hawa Industrial City, mapping infrastructure for roads, power, water and waste before construction begins.
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Hasaka province will open 20 grain-receiving centers on 1 June 2026 to handle this year's wheat crop, alongside a 20-point fire-prevention network deployed since mid-May to protect harvested fields.
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Cooked-chicken and shawarma prices in Damascus rose in recent days even as live-broiler costs eased, with restaurateurs citing higher fuel, electricity, and wage bills ahead of Eid al-Adha.
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Syria's Ministry of Energy opened three spillway gates at the Euphrates Dam on 25 May 2026, the first such release in more than three decades, after river inflows surged and Civil Defense ordered riverside evacuations downstream.
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The Finance Ministry is finalizing the legal framework for Syria's first sovereign sukuk issuance and cutting corporate income tax from 28 percent to under 15 percent, alongside a $225 million World Bank package for health and water.
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The Anti-Illicit Gains Committee extended its voluntary disclosure program until late August, giving holders of suspect assets a final window to settle before referrals to court resume.
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Syria's government fixed the 2026 wheat purchase price at 55,000 Syrian pounds (SYP) per ton — a 46,000 base plus a 9,000-pound presidential bonus — after protests across most governorates. Growers in Raqqa say dollar-denominated costs leave the payout at risk.
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Syria's Ministry of Emergency Management said on 24 May 2026 that water released through the Euphrates dam system has been increased from 500 to 800 cubic meters per second and could reach 1,000 by Sunday evening, lifting the river roughly 2 meters above its normal level.
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Syria's General Railways Organization said reactivating the 360-kilometer Latakia–Adra cargo line, idle for more than 14 years, would cut shipping costs by up to 30 percent compared with trucks and reconnect Mediterranean ports to inland industrial zones.
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An Oliver Wyman assessment has set out three reform options for Syria's six state-owned banks — restructuring, foreign acquisition, or strategic partnerships — alongside figures exposing a vast capital gap between public and private lenders.
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