Latest economic and financial news about Syria, currency markets, and regional economy updates.
The finance minister projected the Syrian economy would grow 11.3 percent in 2026 and budget revenue would reach about $8 billion, more than double the 2025 figure, with the IMF forecasting similar expansion.
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Two mobile harbor cranes with a 125-ton lifting capacity each arrived at Tartus port on 11 August 2026 under a modernization plan overseen by DP World, aimed at speeding cargo handling and expanding the port's operational capacity.
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Syria's Finance Ministry held a closed workshop with the International Monetary Fund in Damascus on 10 August 2026 to examine a new tax system, with the minister saying draft tax laws will be sent to the People's Assembly.
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Syria's agriculture ministry and a Saudi feed company signed a memorandum on 10 August 2026 to study building fodder farms and processing plants across about 30,000 hectares in the country's east, using sustainable irrigation.
Read More →Syria's main Mediterranean port at Tartus has brought a 630-meter fourth berth into service, letting it receive up to three large vessels at once with combined loads reaching 55,000 tons, as authorities take over civilian operation of the facility.
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Officials reported electricity supply climbed from about eight hours a day to more than 20 hours in some areas during the first half of 2026, alongside 420 megawatts of new solar capacity and thousands of grid upgrades.
Read More →Syria's finance and agriculture ministers agreed to extend repayment of defaulted agricultural loans by three months and expand low-cost credit for irrigation, solar power and machinery, part of a wider package to ease financial pressure on farmers.
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Central Bank inspectors and judicial police shut unlicensed exchange shops in Deir ez-Zor on 9 August 2026 for charging residents to swap old Syrian pound notes, seizing cash and gear. The old-currency deadline in the three eastern provinces now runs to 20 August 2026.
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Syria's agriculture ministry signed a memorandum with a foreign livestock firm on 9 August 2026 to rehabilitate state breeding facilities nationwide, offer interest-free loans to farmers, and build meat and dairy export chains, with work set to begin within a month.
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Three specialized industrial fairs closed in Damascus on 8 August 2026, drawing more than 300 brands from 13 countries and over 10,000 visitors, with companies signing agreements and memoranda of understanding.
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