Skip to content
Home » Economy » Page 5

Economy

Syrian Finance Minister, Mohammed Yosr Bernieh, receives International Monetary Fund mission in Damascus. (Minister of Finance, Facebook)
Syrian Finance Minister, Mohammed Yosr Bernieh, receives International Monetary Fund mission in Damascus. (Minister of Finance, Facebook)

IMF offers technical support for Syria’s state budget and financial stabilization

    28 October 2025.  An IMF mission arrived in Damascus to begin technical cooperation with the Finance Ministry, in areas including fiscal reform and public finance. This relationship is a hopeful step for building investor confidence in Syria as it struggles to meet the demands of reconstruction.Read more at:  ENABBALADI

    Syria signs agreement with United Nations Development Programme (UNDP) to implement Qatari-Saudi grant for public wages. (Mohamed Yisr Barnieh, Facebook)
    Syria signs agreement with United Nations Development Programme (UNDP) to implement Qatari-Saudi grant for public wages. (Mohamed Yisr Barnieh, Facebook)

    Qatari-Saudi grant of $89M will support public sector salaries and the nation’s stability

      28 October 2025.  With help from the UNDP, Syria will begin to disburse a $28 million monthly grant, over three months, to cover part of public sector employees’ wages. Subject to renewal by both donor countries, the grant is intended to sustain essential services and enhance national recovery efforts.Read more at:  SANA

      Rebuilding the war-damaged Rastan Bridge in Homs Governorate. (L24)
      Rebuilding the war-damaged Rastan Bridge in Homs Governorate. (L24)

      White Helmets rebuild bridge to reconnect country’s north and south 

        29 September 2025.  The White Helmets (now officially the Syrian Civil Defence) are working in partnership with the United Nations Development Fund to restore the Rastan Bridge in Homs Governorate. Severely damaged by Russian bombing, the bridge will provide a vital trade corridor for the country and critical transportation access for reviving the local economy. The builders, local White Helmets volunteers dedicated to Syria’s recovery, are said to exhibit remarkable resilience and community spirit.Read more at:  LEVANT24

        Host of Syrian news channel al-Ikhbariya interviews President al-Sharaa. (video still, Qusay Noor, SANA)
        Host of Syrian news channel al-Ikhbariya interviews President al-Sharaa. (video still, Qusay Noor, SANA)

        President affirms territorial sovereignty and independence as Syria rebuilds its economy

          13 September 2025.  In a wide-ranging interview, president al-Sharaa stressed the need for calm relations with all nations as Syria recovers. Emphasizing the primacy of the people’s safety and well-being, he explained that a stable economy involves more than trade and investment. It requires reforming the judicial and educational systems, developing human resources, and providing energy, services, roads, communications, and open relations with neighboring countries, all of which are underway.Read more at:  SANA

          600,000 barrels of crude oil depart from Tartous port. (L24)
          600,000 barrels of crude oil depart from Tartous port. (L24)

          Milestone for Syria’s recovering economy marked by first oil export

            3 September 2025.  Syria re-entered the global oil market with its first export after a 14-year hiatus.  With the shipment of 600,000 barrels of heavy oil from Tartous port, the readiness of the oil transport system was confirmed. Despite remaining obstacles, the move represents a significant boost in revitalizing the oil sector and securing needed capital. With new international partnerships, including an $800 million agreement with DP World, the groundwork is being laid for enhancing export capacities.Read more at:  LEVANT24

            President Ahmad al-Sharaa lays foundation stone for major development projects in Homs. (Office of Presidency)
            President Ahmad al-Sharaa lays foundation stone for major development projects in Homs. (Office of Presidency)

            President visits northern cities devastated by war, declaring end of time of war and start of reconstruction

              30 August 2025.  During a tour through Homs, Hama and Idlib, President al-Sharaa advanced major development projects and met with local communities, affirming a new phase of reconstruction and investment. In Homs, he laid the foundation stone for Dar-al-Salam [House of Peace], a billion-dollar urban project that includes housing for low-income families and families of martyrs. In Hama, he praised the city’s role in the revolution and linked it to rebuilding efforts. In Idlib, he toured heavily damaged towns and reaffirmed the province as a “key pillar for moving toward the project of the modern national state.”Read more at: LEVANT24

              Meeting of US Special Envoy to Syria Tom Barrack, US Representative Joe Wilson and Senator Jeanne Shaheen with Syrian President Ahmad al-Sharaa (center), Interior Minister Anas Khattab and Defense Minister Murhaf Abu Qasra in Damascus, August 25, 2025. (Social Media)
              Meeting of US Special Envoy to Syria Tom Barrack, US Representative Joe Wilson and Senator Jeanne Shaheen with Syrian President Ahmad al-Sharaa (center), Interior Minister Anas Khattab and Defense Minister Murhaf Abu Qasra in Damascus, August 25, 2025. (Social Media)

              US lifts all economic sanctions on Syria marking shift in relations

                26 August 2025.  American and Syrian officials met in Damascus on the announcement of the full removal of US economic sanctions. Discussions focused on regional security, trade, and humanitarian conditions, along with ways to deepen dialogue and cooperation. The Syrian-American Coalition for Peace and Prosperity said, “This visit opens the door to positive US involvement in the process of construction and stability in Syria.”Read more at: LEVANT24

                Sweeping campaign is waged to dismantle Assad-era drug trade. (SANA)
                Sweeping campaign is waged to dismantle Assad-era drug trade. (SANA)

                Syria undergoes radical shift toward rule of law

                  22 August 2025.  Under President Ahmad al-Sharaa’s leadership, Syria launched an ambitious campaign to dismantle the Captagon drug economy, born in the shadow of war, and restore public trust in governance. Britain’s Financial Times called it a ‘radical transformation,’ noting that production and trafficking have dropped by 80%.  Brigadier General Khaled Eid, Director of Drug Control, stated the crackdown began on “the first day of liberation,” signalling a new era of reform, accountability, and national renewal.Read more at:  SANA

                  Syria's Health Minister, Dr Musab Nazzal al-Ali. (Alarabiya YouTube video still, 15 August)
                  Syria's Health Minister, Dr Musab Nazzal al-Ali. (Alarabiya YouTube video still, 15 August)

                  Rebuilding Syria’s healthcare system

                    15 August 2025.  In a Global News Today interview on Al Arabiya, Syria’s Health Minister outlines efforts to rebuild the nation’s healthcare system, while acknowledging economic and infrastructure challenges. To date, over 100 healthcare centres have been restored and many hospitals rehabilitated, medical equipment supplied, and education restructured to reintegrate overseas Syrian specialists. Pharmaceutical inspections have enabled Syria to produce safe, regionally compliant medications.Read more at: YouTube

                    The Heart of Syrian Cuisine

                      In Syria, where the culture has traditionally revolved around sharing food, gracious hosting and generosity have always been highly valued. Meals are seen as occasions for familial and communal closeness. The content of the cuisine was historically influenced by Syria’s unique geography. Lying at the crossroads of trade in the ancient world, interactions with neighbouring countries—along with those as distant as China and Rome—continuously fed into what became the national cuisine.

                      Crowds at 4 July Textiles Expo in the lead-up to the opening of 62nd Damascus International Fair. (Ministry of Economy and Industry - Facebook on ENAB BALADI)
                      Crowds at 4 July Textiles Expo in the lead-up to the opening of 62nd Damascus International Fair. (Ministry of Economy and Industry - Facebook on ENAB BALADI)

                      Damascus International Fair returns, revitalized after six-year hiatus

                        13 August 25.  The Damascus International Fair will open at Exhibition City on August 27th. Since its founding in 1954, this trade fair has been one of the most important in the Middle East and Arab region. It has been an historic hub for trade and culture, combining commercial activity with tourism and cultural events. Showcasing innovation, it invites international collaboration across diverse industries and sectors.Read more at:  SANA

                        “Let’s Lead Technology,” a conference in Damascus, August 8, 2025. (ENAB BALADI)
                        “Let’s Lead Technology,” a conference in Damascus, August 8, 2025. (ENAB BALADI)

                        Syria and Silicon Valley meet to ignite robust tech revival

                          8 August 2025.  The SYNC25 II conference in Damascus united Syrian-American entrepreneurs, Silicon valley engineers, international tech experts, and global investors to spark innovation, job creation, and digital transformation in Syria. The lead organizer, Muyesser Taqi-Eddin, said the event aims to strengthen connections among Syrians and employ 25,000 people over five years. Government ministers in many spheres and entrepreneurs from different countries emphasized collaboration, infrastructure development, and Syria’s re-entry into the international tech landscape.Read more at: ENAB BALADI

                          Signing ceremony for investment agreements at People’s Palace in Damascus, August 6, 2025. (Izz Aldien Alqasem – Anadolu Agency, on MEM, 6 August)
                          Signing ceremony for investment agreements at People’s Palace in Damascus, August 6, 2025. (Izz Aldien Alqasem – Anadolu Agency, on MEM, 6 August)

                          Foreign investments provide massive injection for Syria’s recovery

                            6 August 2025.  The formal lifting of US sanctions paved the way for signing investment agreements valued at $14 billion, spread among 12 strategic areas including infrastructure, transportation, and real estate. The head of the Syrian Investment Authority, Talal al-Hilali, called the agreements a ‘turning-point’ for Syria’s future. They include redeveloping Damascus International Airport to boost tourism, trade, and regional connectivity, reconstructing ports, and constructing a subway in Damascus.Read more at: ALJAZEERA

                            Syrian (left) and Russian (right) foreign ministers meet, July 31, 2025. (L24)
                            Syrian (left) and Russian (right) foreign ministers meet, July 31, 2025. (L24)

                            Syrian Foreign Minister, Asaad al-Shaibani, visits Moscow to reset relations

                              31 July 2025.  In the first meeting since the ouster of Bashir Assad and his Russian allies, Asaad al-Shaibani meets with Sergei Lavrov and Vladimir Putin to renegotiate economic and defence agreements made by the Assad regime with Russia, and to assert the sovereignty of the new Syria. Al-Shaibani said the talks were “a necessary discussion … based on the lessons of the past, to formulate the future.” Russia offered support for Syria’s reconstruction through mutual agreements.Read more at: LEVANT24

                              Syrian and Jordanian communications officials discuss Syria’s reintegration into global organization. (Sami Smeirat-X on ENAB BALADI)
                              Syrian and Jordanian communications officials discuss Syria’s reintegration into global organization. (Sami Smeirat-X on ENAB BALADI)

                              Syria rejoins global telecom network signaling new openness

                                30 July 2025.  Ending over ten years of isolation, Syria rejoined the GSMA—a global association for mobile communications. The Ministry of Communications said the move, which will strengthen regional telecommunications cooperation, signifies a new openness.  Jordan will supply expertise in the digital arena, pivotal to Syria’s economic development.  Made possible by the lifting of sanctions, this step enables Syria to access global telecom services and conferences.Read more at: ENAB BALADI