Latest economic and financial news about Syria, currency markets, and regional economy updates.
The head of Syria's Precious Metals Authority said on 23 May 2026 that tightened controls have brought most circulating gold into line with national specifications, with mobile calibration devices expected within three months.
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Syria's Investment Authority's Aleppo branch signed contracts on 24 May 2026 to redevelop the Western Ring project at a total cost of $70 million, with phase one to last six months.
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The finance ministry released implementing tables for salary increases under Decree 68 of 2026, covering health, education, and higher education staff, with payments split around the Eid al-Adha holiday.
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The Syrian Bakeries Establishment will shutter its facilities only on Wednesday 27 May 2026, the first day of Eid al-Adha, and operate at full capacity through the remaining holiday days to keep daily bread supplied nationwide.
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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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