Latest economic and financial news about Syria, currency markets, and regional economy updates.
Customs officials from Syria and Iraq discussed simplifying transit procedures, introducing advance data clearance, and developing free zones at the Al-Tanf and Al-Yarubiyah crossings to speed cross-border trade.
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The Presidential Secretariat has ordered public bodies to rationalize spending and halt nonessential outlays to protect the state budget, while exempting salaries and spending on health, education, water, energy and security.
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A six-year agricultural program backed by a $175 million World Bank grant has launched in Syria, targeting crop and livestock output, cooperatives, and export chains for olives and pistachios, with new labs and drought-resistant seed to lift food security.
Read More →The General Social Insurance Institution said retirement pensions will be paid from October 1, 2026, including accumulated amounts and payments that had been withheld for security reasons before December 8, 2024.
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A four-day specialized garment export fair in Damascus closed on 26 September 2026 with signed trade contracts, drawing about 500 foreign buyers, mostly from Arab states, and more than 10,000 visitors, with a follow-up export fair planned within two months.
Read More →The first cargo of gasoline has begun moving by truck from Syria's Baniyas port to Iraq under a transit deal, opening an overland energy corridor that Baghdad is developing to bypass disrupted Gulf shipping lanes.
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Syria's central bank governor said more than $1 billion in foreign capital is expected to flow in to establish new banks, as authorities lift currency-transfer restrictions and prioritize exiting the international financial watchdog's grey list.
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Syria and Lebanon held their first joint investment forum in Beirut, detailing a $200 million World Bank grant for railway rehabilitation and a $500 million, six-year government program to rebuild main transit roads.
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Syria expects roughly 955,000 tons of olives and 191,000 tons of olive oil this season, more than double last year's output, with cultivation spanning about 677,725 hectares and a 25% oil-extraction rate.
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Syria's finance ministry and the Abu Dhabi Fund for Development agreed to reactivate a joint committee to reconcile debt frozen for more than 14 years, and to prepare a fund mission to Damascus to revive stalled development and reconstruction projects.
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