Latest economic and financial news about Syria, currency markets, and regional economy updates.
Syria's Investment Authority has brought together representatives of more than 26 ministries and public bodies to activate a single-window system meant to cut red tape and shorten approval times for investors.
Read More →Syria's transport ministry is tapping $247 million in foreign financing — a $47 million Kuwaiti road contract and a $200 million World Bank railway grant — while preparing to raise traffic fines up to 200-fold to match the pound's slide.
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The central banks of Syria and the United Arab Emirates signed a memorandum of understanding to cooperate on payment systems, monetary policy, financial technology, and financial inclusion, a step in Syria's effort to rebuild regional banking ties.
Read More →Construction on a rehabilitated oil pipeline linking Iraq to Syria's Mediterranean coast could begin in early 2027, with a target capacity of about two million barrels per day and a rehabilitation cost estimated at $300 million to $600 million.
Read More →The national carrier unveiled a new identity and a plan to expand from six to 12 aircraft and from nine to 25 destinations by the end of 2026, reconnecting the country to international air routes.
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Syria's finance minister discussed with the World Bank's investment guarantee agency ways to cover investment risk, part of an effort to rebuild business confidence and attract capital to strategic projects.
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Import restrictions suspend lemon shipments from 1 October 2026 through 31 March 2027 and extend an apple import ban to 30 November, measures tied to the agricultural calendar and aimed at protecting local growers.
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The administration of the Hassia industrial zone and a private developer signed two memoranda on 5 October 2026 to launch the Surouh Industrial City on about 1 million square meters and to plan a 500,000-square-meter residential suburb for its workforce.
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A Central Bank of Syria delegation led by Governor Safwat Raslan met the U.S. Federal Reserve in New York on 5 October 2026 to discuss using Syria's account at the Fed and the legal and technical steps to advance banking cooperation between the two institutions.
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Syria's public works, housing and tourism ministries signed a framework agreement with UAE developer Eagle Hills on 5 October 2026 to build a residential complex in Damascus and a tourism project in Latakia, with President Ahmad al-Shara attending.
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