Latest economic and financial news about Syria, currency markets, and regional economy updates.
Croatian energy firm INA and Hungary's MOL Group are exploring a return to upstream operations in Syria after a 14-year suspension, with a joint technical team now assessing fields that produced 37,300 barrels per day before 2011.
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Syria may not need to import wheat in 2026, with about one million tons in storage and 1.5 million tons of new harvest incoming against annual demand of 2.5 million tons, the Syrian Grain Corporation said.
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Mastercard has completed technical readiness to process international card transactions inside Syria, ending more than 15 years of isolation. The Central Bank approved global payment networks on 4 May 2026, and Qatar National Bank became the first lender to launch the service.
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Remote sensing data shows Syria recorded no drought in April 2026, with vegetation cover more than 20% above the 20-year average and early-May rainfall ranking among the wettest in three decades.
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Aleppo International Airport handled 24,854 travelers and 264 flights from seven airlines in April 2026, while Syrian airspace recorded 2,523 aircraft transits and twelve international carriers resumed routes into Syria.
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After Syria raised fuel prices 17–30% on 7 May 2026, economists warn the knock-on effect on transport, food, and imported goods could lift market prices by 50–60% across staples and freight within weeks.
Read More →Jordan will admit Syrian businesspeople and investors who hold premium or first-tier membership cards from Syrian chambers of commerce and industry without prior approvals, an Arab chamber official disclosed on 7 May 2026.
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Syria's state petroleum company issued a new pricing bulletin on Thursday, lifting Benzine 95 to $1.15 per liter and the residential gas cylinder to $12.50, with the dollar pegged at 133 new Syrian pounds for fuel transactions.
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Turkish Ambassador Noah Yilmaz inspected Tartous port and the Banias refinery on 7 May 2026, as Turkish firms scout maintenance, shipping and energy investments and Syria emerges as a transit corridor for Gulf-bound goods.
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Tanker convoys carrying Iraqi fuel oil are arriving steadily at Syria's Banias refinery via Tartous, with provincial energy authorities opening new unloading yards to absorb a flow that began on 1 April 2026.
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