Skip to content
Home » Economy » Page 4

Economy

Farmland in rural Aleppo, location of the ICARDA (International Center for Agricultural Research in the Dry Area) research site. (SANA)
Farmland in rural Aleppo, location of the ICARDA (International Center for Agricultural Research in the Dry Area) research site. (SANA)

Critical gene bank in Aleppo restored, boosting Syria’s agricultural recovery and food security

3 March 2026.  The revival of ICARDA’s facility in Aleppo marks a major step in restoring Syria’s agricultural research and farming. Seed banks destroyed under the previous regime and preserved in other countries include strategic crop collections of wheat, barley, lentils, chickpeas, and forage legumes.Read more at:  SANA

Shoppers move through a busy marketplace as Dr. Amer Kharboutli, Director of the Damascus Chamber of Commerce, discusses Syria’s economic realities and investment opportunities. (L24)
Shoppers move through a busy marketplace as Dr. Amer Kharboutli, Director of the Damascus Chamber of Commerce, discusses Syria’s economic realities and investment opportunities. (L24)

Syria’s market activity returns, says Chamber of Commerce head, with corruption down by 80%

2 March 2026.  In an interview, Dr. Amer Kharboutli describes Syria’s rapid economic progress, emerging investment opportunities, plus ongoing challenges, noting signs of reduced corruption and renewed market activity driven by people’s resilience and institutional reforms.Read more at:  LEVANT24

Syria’s Central Bank announced the reopening of its account with the Federal Reserve Bank of New York. (SANA)
Syria’s Central Bank announced the reopening of its account with the Federal Reserve Bank of New York. (SANA)

Syria reaches milestone in re-integration with global financial networks

28 February 2026.  Syria’s Central Bank restored full ties with the Federal Reserve Bank of New York, after meeting regulatory requirements and establishing required banking communications channels. The move will facilitate international banking relations and enhance financial and monetary stability.Read more at:  SANA

Syrian Finance Minister Mohammed Yosr Bernieh (center) meets with an International Monetary Fund delegation visiting Syria, February 17, 2026. (Syrian Ministry of Finance:Telegram)
Syrian Finance Minister Mohammed Yosr Bernieh (center) meets with an International Monetary Fund delegation visiting Syria, February 17, 2026. (Syrian Ministry of Finance:Telegram)

IMF underscores signs of recovery in Syria’s economy, praising economic reforms

26 February 2026.  The IMF delegation reported a recent increase in economic activity, due to rising consumer and investor confidence plus the continued return of refugees. The agency sees a promising economic outlook for 2026, depending on continued internal reconciliation and regional reintegration.Read more at:  ENABBALADI

A meeting between the Ministry of Economy and Industry and the International Finance Corporation in Damascus. (SANA)
A meeting between the Ministry of Economy and Industry and the International Finance Corporation in Damascus. (SANA)

Syria holds talks with International Finance Corporation to strengthen economic recovery

24 February 2026.  The Ministry of Economy and Industry met with an IFC delegation, exploring financing mechanisms to support the development of Syria’s employment and productivity sectors. The talks aimed at building a cooperative framework for aiding the country’s economic recovery.Read more at:  SANA

Syria and Saudi Arabia sign major economic agreements to rebuild Syria’s infrastructure and expand regional connectedness. (SANA)
Syria and Saudi Arabia sign major economic agreements to rebuild Syria’s infrastructure and expand regional connectedness. (SANA)

Saudi Arabia to invest $ billions in strategic deals for Syria’s recovery

7 February 2026.  Syria and Saudi Arabia signed major joint economic agreements in air transport, water desalination, and telecommunications, in addition to 45 other development projects. The agreements aim to rebuild Syria’s infrastructure, expand air travel, and strengthen regional cooperation.Read more at:  LEVANT24

Modernized production lines support Syria’s push to secure daily bread supplies and strengthen food security. (L24)
Modernized production lines support Syria’s push to secure daily bread supplies and strengthen food security. (L24)

Syria boosts rehabilitation of bakeries to ensure stable bread supply including in newly liberated Kurdish areas

30 January 2026.  Syria’s government launched a comprehensive program to strengthen food security, with bakery and grain establishments cooperating to improve efficiency, modernize production, improve bread quality, and ensure daily supplies.Read more at:  LEVANT24

President Ahmad Al Sharaa meets Egyptian business leaders in Damascus to strengthen economic cooperation. (Syrian Observer)
President Ahmad Al Sharaa meets Egyptian business leaders in Damascus to strengthen economic cooperation. (Syrian Observer)

President encourages Egyptian companies to invest in Syria’s reconstruction

13 January 2026.  President Al-Sharaa praised Egypt’s solidarity with Syrian refugees and noted the shared political, economic and security visions of both countries, while inviting investment in reconstruction and closer political, economic, and strategic cooperation.Read more at:  SYRIAN OBSERVER

The Aga Khan Development Network’s team in Syria continues its long-standing support through development and humanitarian programs. (SANA)
The Aga Khan Development Network’s team in Syria continues its long-standing support through development and humanitarian programs. (SANA)

Aga Khan Development Network expands commitment to the Syrian people

5 January 2026.  The philanthropic development agency, which has allocated $320 million for projects in Syria over 25 years, will provide more than €100 million ($134 m) in new development projects, with an emphasis on sustainable development and renewable energy, while strengthening humanitarian support.Read more at:  SANA

Syria’s newly unveiled lira marks a decisive break from the past and signals the start of a new economic and political chapter. (video still, YouTube, Mirror Now)
Syria’s newly unveiled lira marks a decisive break from the past and signals the start of a new economic and political chapter. (video still, YouTube, Mirror Now)

Syria’s new currency marks milestone toward economic revival and national belonging

5 January 2026.  The launch of the new lira, whose symbols represent Syrians’ shared cultural legacy, signifies a visual and financial break from the past. President Al-Sharaa presented the new banknotes as a statement heralding the start of a new chapter with restored confidence in Syria’s currency and its future.Read more at:  SYRIAN OBSERVER

The Central Bank of Syria views the new currency as a symbol of renewal and confidence in the country’s future. (Jerusalem Post, 1 January, 2026)
The Central Bank of Syria views the new currency as a symbol of renewal and confidence in the country’s future. (Jerusalem Post, 1 January, 2026)

Central Bank announces new banknotes, symbol of Syria’s resurgence, available January 1st

27 December 2025.  The Bank’s governor, Abdelkader Husrieh, stated the new lira is not merely a means of exchange, but a symbol of Syria’s successful revolution and confidence in the country’s revival, noting “a strong currency begins with its people’s belief in it.”Read more at:  SANA

L. President Ahmad al Sharaa highlights Aleppo’s central place in Syria’s past and future, R. Image of Historic Aleppo. (SANA)
L. President Ahmad al Sharaa highlights Aleppo’s central place in Syria’s past and future, R. Image of Historic Aleppo. (SANA)

Aleppo to serve as gateway for Syria’s economic recovery

20 December 2025.  President Al-Sharaa addressed citizens by video at the opening of the “Aleppo the best of all” campaign. Asserting the region’s vital role in national recovery, he stressed the need to eradicate poverty as the first step. The community-driven campaign raised funds to rebuild Aleppo.Read more at:  SANA

President al-Sharaa discusses coastal coexistence with notables from Lattakia and Tartous at the People’s Palace, Damascus, 13 December 2025. (SANA)
President al-Sharaa discusses coastal coexistence with notables from Lattakia and Tartous at the People’s Palace, Damascus, 13 December 2025. (SANA)

Syria is one indivisible homeland where law will resolve conflicts, President affirms

14 December 2025.  In meeting with coastal leaders, President al-Sharaa underscored the importance of preserving national cohesion and consolidating stability, as Syria enters a new phase of reconstruction based on partnership with the people and governed by law, where justice is guaranteed and citizens’ rights are safeguarded.Read more at:  SANA

Finance Ministry announced signing of final document with World Bank for power-grid rehabilitation. (SANA)
Finance Ministry announced signing of final document with World Bank for power-grid rehabilitation. (SANA)

World Bank grant will help restore Syria’s power infrastructure

12 December 2025.  With its first initiative in Syria for nearly forty years, the World Bank has agreed to support government efforts to improve electricity availability and strengthen the national economy. A grant of $146 million was announced in June to rehabilitate transmission lines, with further grants pending.Read more at:  SANA