Latest economic and financial news about Syria, currency markets, and regional economy updates.
Trade between Syria and Turkey rose 45 percent across 2025 and expanded a further 16 percent in the first seven months of 2026, with six border crossings now operating and Syria positioned as a transit route toward the Gulf.
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Deputy transport ministers from Syria and Saudi Arabia agreed on 13 August 2026 to study a joint rail link and speed truck traffic across the Turkey–Jordan–Gulf corridor toward roughly 100 trucks a day, with a Saudi ministerial visit to Damascus set for the end of August.
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Syria's state railway moved 663,479 tons of freight in the first seven months of 2026, up about 59 percent from a year earlier, led by fuel and grain, as in-house repairs to track and rolling stock saved more than $3 million.
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The Central Bank of Syria began accepting online appointment requests on 13 August 2026 for citizens to exchange old banknotes for the new pound, with values credited to bank accounts free of any fees. Direct withdrawal continues across all provinces.
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Jordan's Arkan has offered to develop a phosphate block at the Sawwana mines in the Homs countryside using selective mining, as Syria prepares a feasibility study ahead of implementation.
Read More →Syria's finance minister has ordered a committee to close the file of non-performing European Investment Bank loans and prepare the required legislation before the end of August 2026, drawing on debt-settlement relief granted under Decree No. 70.
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A visiting International Monetary Fund mission wrapped up talks in Damascus on 12 August 2026 on Syria's draft tax laws, as the tax authority moved to launch a hiring drive, review its 2027 budget, and redraft the tax evasion law.
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The World Bank announced a $100 million grant on 7 August 2026 to modernize Syria's financial infrastructure, lifting total approved grants to $491 million as Damascus works to rejoin the international financial system.
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A Turkish maritime firm will invest at least $190 million over five years to build an integrated shipyard at the port of Tartus, a build-operate-transfer project set to create about 1,700 direct jobs and require a workforce that is 95 percent Syrian.
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The fourth dock at Tartus port entered commercial service on 11 August 2026, receiving its first vessels after passing to Syrian civilian administration. The 630-meter berth can handle three large ships at once with loads reaching 55,000 tons.
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