14 July 2025. Syria and Jordan have launched a new phase of economic cooperation, forming a Higher Coordination Council to expand trade, transport, and energy ties. The economic ministers pledged to overcome obstacles and affirmed their commitment to boosting economic cooperation. A robust trade revival is already underway, with over 100,000 trucks crossing the Syrian Jordanian border in seven months. Read more at: SANA
1 July 2025. In a period of 48 hours, Syria signed three major agreements with international firms to accelerate its recovery. The most ambitious is the “Damascus Gateway” city, intended to become a regional and global hub for media, the arts and tourism, with initial investment from the UAE. Agreements were also signed with a US company to build two solar power stations, significantly increasing the power supply, and with a French company to restore 37 bridges that will ease movement between regions. Read more at SANA
25 June 2025. The World Bank approved a $146 million grant to help establish reliable and affordable electricity and promote the nation’s economic recovery. The Syria Emergency Electricity Project will repair key transmission lines and substations, and support electricity sector development. The Bank’s Middle East director, Jean-Christophe Carret, called this the “first step in a planned increase in World Bank support to Syria on its path to recovery and development.”Read more at: SANA
24 June 2025. The newly established US-Syria Business Council aims to boost economic ties following the lifting of U.S. sanctions. It will serve as a gateway for US companies and banks to invest in Syria, and for Syrians living outside the country to contribute their business and technological expertise to key sectors such as agriculture, energy, tech, and infrastructure. A main goal is to increase the value of trade between Syria and the US. Read more at: ENAB BALADI
21 June 2025. Syria’s Central Bank Governor, Abdul Qader al-Hasriya, welcomed Switzerland’s decision to lift sanctions on Syria, calling it a key step in rebuilding bilateral financial and trade ties. Mentioning Syria’s historic cooperation with Swiss banks, he expressed hope for constructive collaboration that would bolster Syria’s national economy and advance shared interests. Read more at: SANA
11 June 2025. Ambassador Barrack praises Syrian President Ahmad al-Sharaa for his leadership of Syria’s reconstruction, saying the government is handling the situation “in the best way possible.” He stated that by lifting sanctions, the US hopes to remove obstacles to Syria’s economic recovery and that it seeks transparency, not control. “A drop of hope may be more powerful than a tank full of a bad reality,” the ambassador said.Read more at: SANA
29 May 2025. Syria’s Ministry of Energy has signed agreements with a number of international companies that will boost economic development and accelerate reconstruction. The energy minister called the meeting an historic moment and a turning point for the country. Read more at: Sana
