Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's Homs refinery returned its 1.7-million-ton Unit 21 to service on 9 June 2026 after a full overhaul, expanding domestic output of gasoil, kerosene, and fuel oil for the local market.
Read More →Syria's national sovereign wealth fund, created by decree in 2025, holds about $2.5 billion in assets and oversees a project pipeline valued near $100 billion, including a Damascus New City development requiring up to $50 billion.
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Syrian and Turkish ministers meeting in Gaziantep set a goal of $10 billion in annual trade by the early 2030s, up from $3 billion now, and moved to reopen the Nusaybin and Islahiye border crossings.
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About 206,000 Syrians crossed back into the country between 18 and 31 May 2026 after authorities waived entry fees on Syrian vehicles for Eid al-Adha, with the Lebanese and Turkish crossings drawing the heaviest traffic.
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Syria's energy minister opened talks in Washington with the US energy secretary and American firms over investment in rebuilding the country's oil, gas and power infrastructure, though no agreements were signed.
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Authorities unveiled a plan worth more than $37 million to rebuild war- and flood-damaged roads and bridges across Deir ez-Zor, prioritizing trade corridors to Raqqa, Hasakah and Boukamal, with work set to begin immediately.
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Syria's civil aviation authority closed the country's southern air corridors on 8 June 2026 and suspended operations at Damascus International Airport. The national carrier rerouted two Gulf flights through Aleppo, and returning pilgrim flights were postponed.
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The Central Bank of Syria amended Decision No. 235/L to let recipients of international remittances choose whether to be paid in Syrian pounds or foreign currency, binding licensed banks, exchange firms, and transfer companies.
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A Saudi real estate firm launched two residential projects in the Damascus countryside on 7 June 2026, with combined investment exceeding $2 billion and plans for some 22,000 housing units.
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Syria's transport ministry unveiled a concessional loan program to replace or modernize about 75 percent of the country's roughly 42,000 freight trucks, most of them more than two decades old, over a seven-year period.
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