Latest economic and financial news about Syria, currency markets, and regional economy updates.
Qatar National Bank Group has launched payment card acceptance and digital payment services in Syria, becoming the first international lender to operate such services in the market following the Central Bank's authorization to engage with global card networks.
Read More →Syria's wheat output is projected at about 2.3 million tons in the 2026 season, a relative recovery from the worst drought in roughly 60 years, with farmers cultivating 1.2 million of a planned 1.4 million hectares.
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Syria's finance minister issued executive rules on May 4 for Presidential Decree 69 of 2026, granting tax and fee exemptions plus incentives to over 30,000 damaged commercial, industrial and tourism enterprises across Aleppo, Rural Damascus, and other governorates.
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President Ahmad al-Sharaa held back-to-back meetings on Monday with the founder of the Rixos hotel chain, the head of the Emirati Maidaan City entity, and the chairman of Hassan Allam Holding, with a $250–300 million Damascus hotel project among the items on the table.
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The UN agriculture body's emergency response will reach an estimated 103,800 people across Hasaka, Raqqa, and Deir ez-Zor with seeds, organic fertilizer, and 6,400 metric tons of livestock feed amid what it calls the worst drought in roughly forty years.
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Energy ministers from the three countries agreed Monday in Amman to expand cross-border gas flows through the Arab Gas Pipeline and activate four electricity transmission lines, with deliveries to Syria already running near 4 million cubic meters per day under an $800 million annual contract.
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Aircraft transiting Syrian airspace climbed to 2,523 in April 2026 from just 32 in March, as 12 international carriers resumed operations and the sector inched back toward pre-tension levels.
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The Central Bank of Syria has issued Decision No. 259, authorizing electronic payment companies and financial institutions to deal with the Visa and Mastercard networks, opening a regulatory path for direct engagement with the world's two largest card schemes.
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The Central Bank of Syria said on 3 May 2026 that 56% of the old Syrian pound (SYP) cash mass had been exchanged for new notes, with daily flows of 12 to 13 billion pounds and new exchange centers planned for Hasaka and Raqqa.
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Syria's finance minister suspended 29 employees on 3 May 2026 — 19 from Damascus-area finance directorates and 10 from the state-owned Real Estate Bank — bringing total Damascus-area suspensions in the campaign to 56.
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