The Syrian economy

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

A New Agreement to Establish a Photovoltaic Station in Syria: A Step Towards Enhancing Alternative Energy

As part of the Syrian government's efforts to develop the electricity sector, the General Authority for Electricity Transmission and Distribution signed a cooperation agreement today, Monday, with "Manarat Al-Shahbaa" Renewable Energies Company to establish a photovoltaic station with a capacity of 100 megawatts in the central region, using the latest solar energy technologies and smart control systems "SCADA".

The General Organization for Geology Clarifies Details of the "Yara" Contract and Affirms Its Commitment to Combating Corruption in Syria

1 day ago

Syria News

Mahmoud Khalaf

The General Organization for Geology Clarifies Details of the "Yara" Contract and Affirms Its Commitment to Combating Corruption in Syria

In an official statement today, Sunday, the Director General of the General Organization for Geology and Mineral Resources, Engineer Siraj Al-Hariri, confirmed that the organization operates with complete transparency to clarify the facts related to the contract with "Yara", concluded with the General Company for Phosphate and Mines to rehabilitate phosphate plants, following the circulation of inaccurate information on social media.

Two ships carrying 31,000 tons of wheat arrive at the port of Tartus to enhance the strategic stock

Mazen Aloush, the Director of Public Relations at the General Authority for Maritime Ports, announced today, Saturday, the arrival of two ships loaded with 31,000 tons of wheat at the port of Tartus, for the benefit of the Syrian Grain Establishment, as part of a government plan aimed at enhancing the strategic stock and ensuring the continuous supply of flour to bakeries in various Syrian governorates.

Baniyas Refinery Implements a Technical Project to Replace Gasoline Reformers and Increase Productivity

The Baniyas Refinery Company in Tartus Governorate began today, Saturday, the implementation of a technical project considered one of the largest modernization projects in the history of the refinery. It aims to replace the bodies of the four gasoline reformers R1, R2, R3, and R4 within the reforming unit, in addition to replacing the internal components of the first and second reformers after exceeding their specified operational lifespan.

The Tripartite Meeting in Amman Discusses Transportation Projects Between Syria, Turkey, and Jordan

A tripartite summit was held in the Jordanian capital, Amman, bringing together representatives from Syria, Turkey, and Jordan, with the aim of discussing ways to enhance cooperation in the field of transportation and communications between these countries.

Al-Shara welcomes the Commander of the U.S. Central Command and the Special Envoy to Syria in Damascus

Syrian President Ahmad al-Shara welcomed Admiral Charles Bradley Cooper and U.S. Envoy Thomas Barak at the People's Palace in Damascus, and the two sides discussed ways to enhance political and military cooperation and establish security and stability in Syria and the region.

The Central Bank of Syria and the Damascus Chamber of Commerce Discuss Strengthening Partnership to Drive Economic Recovery

The Governor of the Central Bank of Syria, Dr. Abdul Qadir Al-Hosriya, discussed during his meeting with the President and members of the Board of Directors of the Damascus Chamber of Commerce ways to enhance cooperation between the banking and commercial sectors.

Syria and Reconstruction: Between the Promises of the International Community and the Reality of Internal Challenges

After ten months since the fall of the Assad regime, Syria is still waiting for a radical transformation in the reconstruction file. Despite the relative stability the country is experiencing, major reconstruction projects have yet to move from the realm of promises and discussions to actual implementation. Estimates indicate that Syria needs between 300 and 500 billion dollars for reconstruction, but the path to achieving this goal remains fraught with challenges.

Damascus Hosts the Signing of a Cooperation Agreement Between the Syrian Investment Authority and Emirati Businessman Khalaf Al-Habtoor

Today, Wednesday, the Four Seasons Hotel in the Syrian capital, Damascus, witnessed the signing of an investment cooperation agreement between the Syrian Investment Authority and Emirati businessman Khalaf Ahmed Al-Habtoor, in the presence of Syrian Finance Minister Mohammad Yaser Barnieh, along with several economic and diplomatic figures.

The Launch of the Hama Spring Festival in its 26th Edition

Under the patronage of the Minister of Information Hamza Al-Mustafa, the activities of the Hama Spring Festival in its 26th edition were launched on Tuesday evening, in the presence of several official and popular figures, at the vicinity of the historic Hama Citadel.

Khalaf Al-Habtoor Visits Damascus and Confirms His Readiness to Invest in Development Projects Serving the Syrian Community

During a business visit to the Syrian capital, Damascus, prominent Emirati businessman Khalaf Al-Habtoor toured the old city, where he explored the architectural landmarks and the rich cultural heritage of the city.

The Syrian Minister of Awqaf Calls for Supporting the Development Fund Through Mosque Preachers

The Syrian Minister of Awqaf, Mohammad Abu al-Khair Shukri, confirmed that "social solidarity is a fundamental pillar in building the homeland and enhancing its resilience," considering that supporting the Syrian Development Fund is a "national and ethical duty."

High-level Economic Meeting Between Syria and Russia to Enhance Industrial and Trade Partnership

Syrian Minister of Economy and Trade Dr. Mohammad Nidal Al-Shahr held a bilateral meeting with Russian Deputy Minister of Trade and Industry Mr. Alexey Kruddev, on the sidelines of the official Russian delegation's visit to Damascus, which included extensive meetings with several Syrian government ministers.

Syria Restructures Economic Administration to Enhance Oversight of Foreign Companies

In a move aimed at improving the investment climate and increasing the efficiency of economic administration, the Syrian Ministry of Economy and Trade has issued a decision to transfer the "Branches and Agencies of Foreign Companies" department from the Foreign Trade Directorate to the Companies Directorate of the General Administration for Internal Trade and Consumer Protection.

Abdul Qadir Hasriya: Removing two zeros from the Syrian currency is a reform step that does not affect its real value

Dr. Abdul Qadir Hasriya, the governor of the Central Bank of Syria, confirmed today, Monday, that the Syrian market is currently witnessing the circulation of more than 14 billion coins, indicating that the bank is preparing to launch comprehensive awareness campaigns to explain the details of the new national currency and the mechanism for removing two zeros from it, as part of a monetary reform plan aimed at simplifying transactions and enhancing confidence in the Syrian pound.

Safwat Raslan: $64 million in donations to the Syrian Development Fund so far

Director of the Syrian Development Fund, Mr. Safwat Raslan, revealed that the actual donations received by the fund amounted to 64 million US dollars, noting that these amounts were received in cash or through electronic accounts and bank transfers, which differ from the amounts of pledges made by those wishing to donate.

Syrian-Saudi Meeting in Riyadh to Enhance Agricultural Cooperation and Form a Joint Working Team

The Syrian Minister of Agriculture, Engineer Amjad Badr, met today, Monday, in the Saudi capital Riyadh, with the Saudi Minister of Environment, Water, and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli, in the presence of the Director General of the ACSAD Organization, Dr. Nasr al-Din Al-Obaid, as part of enhancing bilateral cooperation in the agricultural sector between the two countries.

Syria and Qatar discuss enhancing cooperation in the oil and gas sectors

Syrian Minister of Energy Engineer Mohammad Al-Bashir discussed today, Monday, in the Qatari capital Doha with Qatari Minister of State for Energy Engineer Saad bin Sherida Al-Kaabi, ways to expand bilateral cooperation in the fields of energy, particularly in the oil and gas sectors, within the framework of the growing relations between the two countries.

The Syrian Minister of Finance Announces a New Income Tax Law Project

The Syrian Minister of Finance, Mohammad Yaser Barnieh, announced the completion of the preparation of a new income tax law project, as part of a plan aimed at establishing the foundations of a "transparent, fair, competitive, and simplified tax system."

14 billion dollars in international investments in Syria as part of a new economic map

The head of the Syrian economists, Mohammad Al-Bakour, confirmed that Syria is steadily moving towards building a new economic map based on investment in vital sectors such as industry, energy, transportation, and tourism, with a focus on infrastructure projects and public facilities, reflecting the country's direction towards sustainable development.

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