Latest economic and financial news about Syria, currency markets, and regional economy updates.
Reports that foot-and-mouth disease has spread among Syrian livestock are inaccurate and unsupported by official data, a senior customs official said, adding that exports continue normally through Jordan and Syria's ports despite Iraq's transit halt.
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A Washington session organized by the NASTEX textile platform and the U.S.-Syria Business Council pitched a $785 million industrial-park package to American investors as part of a five-track plan to revive Syria's textile sector.
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Syria's Finance Ministry on 23 May 2026 announced penalties against 256 people accused of corruption, including the suspension of 94 employees across eight governorates and the revocation of accountant and transaction-agent licenses.
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Turkish clothing chain LC Waikiki opened its first Syrian store at Damascus's Damascino Mall on 23 May 2026, with starting prices of five US dollars and plans for local manufacturing and a five-year expansion to Aleppo, Homs and Latakia.
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Syria's Euphrates reservoirs have filled to 97 percent of capacity after a wet season and upstream releases, prompting authorities to raise dam discharges and evacuate families from a flooded camp in Jarabulus.
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A new transit shipment moved through the Al-Yarubiyah border crossing in Hasakah governorate from Turkey to Iraq on 22 May 2026, marking continued revival of Syria's role as a regional transit corridor.
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One year after Washington lifted sanctions on Syria, the United States has published detailed investment guides for the country, pointing to more than 18,000 company registrations in Damascus and billions of dollars in pledged investment.
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Syria's Finance Ministry has issued the rules carrying out Decree 68, which raises salaries at eight public bodies — including the Central Bank — with a 50% general increase set to reach staff alongside their May 2026 pay.
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A new presidential decree grants Syrian wheat farmers an extra 9,000 pounds for every ton handed to the state grain agency, paid on top of the official purchase price as the 2026 harvest begins.
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Syria's public passenger transport authority has raised internal urban ride fares by 15 to 20 percent. Its director said the increase reflects fuel prices and the pound's exchange rate, with each governorate setting and ratifying its own tariff.
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