The Syrian economy

Economic news in Syria including currency, investments, and general financial conditions.

Washington Calls for Easing Sanctions on Syria: U.S. Ambassador Urges International Support to Reassess Imposed Restrictions

The U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, urged the United Nations Security Council to support Washington's move towards easing sanctions imposed on Syria, including those targeting figures in the Syrian leadership.

World Bank: Reconstruction of Syria Could Exceed $216 Billion

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Syria News

Lubna Nissani

World Bank: Reconstruction of Syria Could Exceed $216 Billion

The report expects the costs of reconstructing the damaged physical assets to range between $140 and $345 billion, with the best estimate being $216 billion.

Minister of Economy: Syria will adopt the American financial system with local modifications

The Syrian Minister of Economy and Industry, Nidal Al-Shaar, said on Saturday that his country is moving towards adopting the American financial system as a basis for restructuring the financial sector, with limited modifications that take into account the specificity of the Syrian reality.

Syrian Finance Minister: The Qatari-Saudi Grant Contributed to Covering Employee Salaries and Strengthening Stability

The grant will gradually cover about 17% of the salary bill for civil servants, which is an important percentage that enables the government to continue implementing the financial and social reform program.

Al-Shara to Putin: We respect all previous agreements between our countries and seek to reorganize relations

Al-Shara to Putin: "We respect all previous agreements between our countries, and we seek to enhance them in a way that serves the interests of the Syrian and Russian peoples."

Al-Shara: We seek to establish an inclusive transitional government that reflects Syrian pluralism

Syrian President Ahmad Al-Shara confirmed that his government seeks to establish an inclusive transitional government that reflects Syrian pluralism, emphasizing the accountability of all those who have committed crimes against civilians "regardless of their affiliation or position".

The "Manbij Rescue" Community Campaign Raises Over $11 Million for the Reconstruction of Eastern Aleppo

The municipal stadium in the city of Manbij witnessed the launch of the "Manbij Rescue" community campaign on Friday evening, which successfully raised financial donations exceeding $11 million during its opening ceremony.

The Minister of Finance discusses cooperation and investment opportunities in Syria with Oxford Business Group

Syrian Finance Minister Mohammad Baniyeh announced on Wednesday that he received in Damascus the CEO of Oxford Business Group (OBG), Andrew Jeffries, in a meeting dedicated to discussing future cooperation prospects and the group's role in supporting economic development pathways.

The Syrian Minister of Energy inspects the Twinan gas facility and launches its operation after repairing the two halted turbines

The Syrian Minister of Energy, Mohammad Al-Bashir, announced during his inspection of the Twinan gas facility in the countryside of Homs, the official launch of work there after the technical teams completed the repair and rehabilitation of the two gas turbines that had been halted for a while.

The leader of "SDF" demands an autonomous region in Syria and confirms the refusal to fully integrate his forces into the Syrian army

On Tuesday, Mazloum Abdi, the leader of the Syrian Democratic Forces (SDF), called for the establishment of an autonomous region in northern and eastern Syria, similar to the Kurdistan Region of Iraq, during a meeting with Syrian President Ahmad al-Shara.

World Bank: Recovery of the Syrian economy is conditional on improving security conditions and easing sanctions

The World Bank issued a new report today, Tuesday, on the economic situation in Syria, indicating that the path to recovery in the country remains contingent on improving security conditions, stabilizing institutions, and easing international sanctions, in addition to increasing economic participation from the international community.

High-level Syrian-Jordanian Ministerial Meeting Emphasizes Enhancing Economic Cooperation and Investing in Fraternal Relations

The Syrian Minister of Economy and Trade, Nidal Al-Shaar, discussed with the Ambassador of the Hashemite Kingdom of Jordan in Damascus, Sufyan Al-Qudah, ways to enhance economic and investment cooperation between the two brotherly countries, during a meeting held on Monday.

An International Investment Delegation Discusses Economic Partnership Opportunities in Syria

The Syrian Minister of Economy and Trade, Nidal Al-Shaar, discussed with a delegation of more than 30 investors representing the Gulf countries, the United States, and Europe; ways to enhance economic and investment cooperation in the country.

The Central Bank of Syria: Preparation of the Executive Instructions Project for the Investment Banks Law in Preparation for Launching a New Financial Phase

The Central Bank of Syria announced the completion of the preparation of the Executive Instructions Project for the Investment Banks Law No. (56) of 2010, in a step described by the bank's governor, Abdul Qader Al-Hosri, as a "qualitative leap towards developing the financial and banking system in Syria and meeting the financing needs for reconstruction."

The Syrian Minister of Energy Discusses Investment Opportunities in the Energy Sector with International Investors

The Minister of Energy, Mohammad Al-Bashir, held a wide-ranging meeting today, Sunday, with delegations of businessmen and investors from the United States, Europe, and several Arab countries, dedicated to discussing the reality of the energy sector in Syria and the available investment opportunities in the fields of oil, gas, electricity, and renewable energy.

The Syrian Minister of Transport and the Investment Authority discuss with an Italian company the development of the train and bus industry

A high-level meeting was held in the capital, Damascus, between the Syrian Minister of Transport, Engineer Yarab Badr, the head of the Investment Authority, Talal Al-Hilali, and a delegation from the Italian engineering company "Blu", to discuss the prospects of joint cooperation

Partners in Construction.. Syrian President Ahmad al-Shara' Inspects the Progress of Parliamentary Elections in Damascus

Syrian President Ahmad al-Shara' visited the National Library electoral center in Damascus today, Sunday, to follow up on the electoral process to select members of the first People's Assembly in the new era, in the presence of several ambassadors and journalists.

SANA: The electoral bodies in the Syrian provinces cast their votes to elect members of the People's Assembly

Members of the electoral bodies in various Syrian provinces continued today to cast their votes to choose the new members of the People's Assembly, in the first elections held after the liberation, since the polling stations opened their doors at nine in the morning.

A Syrian delegation participates in the United Cities and Local Governments Conference in Turkey

A Syrian official delegation participated in the activities of the United Cities and Local Governments (UCLG-MEWA) conference held in Konya, Turkey.

The President issues a decree to establish the "Syrian Petroleum Company" as a pioneering arm for the oil and gas sector

The Syrian President, Ahmad al-Shara, issued a decree on Thursday, October 2, to establish the "Syrian Petroleum Company SPC", which is a public holding company with an economic nature, fully owned by the state and based in the capital, Damascus.

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