The Financial Crimes Enforcement Network (FinCEN), an affiliate of the US Treasury Department, has issued an exceptional exemption allowing financial institutions to deal with the Commercial Bank of Syria, open accounts, and transfer funds to and from Syria. In a statement published by the...

Syria is anticipating the reactivation of its banks' SWIFT codes allowing it to re-enter the global financial market following last week’s announcement that the US would be lifting sanctions on the war-torn country. Both government and foreign-owned banks that operate in Syria have...

The overthrow of former Syrian President Bashar al-Assad was a great thing for Mohammed al-Badawi. His sales doubled, and he could now sell his imported drinks at low prices from Turkey throughout Syria, not just in Idlib, the former opposition stronghold to which he had previously imported his...

US President Donald Trump on Saturday urged free transit for American commercial and military ships through the Panama and Suez canals, tasking his secretary of state with making progress “immediately.” Trump has for months been calling for the US to take control of the Panama Canal, but his...

China said on Wednesday that if the US wants to resolve ongoing tariff tensions through negotiations, it must stop "threatening" and "coercing" Beijing. “If the US truly wishes to resolve issues through negotiations, it should stop threatening and coercing and engage in talks with China based...

A member of the Economic Relations Board at the Turkish Ministry of Foreign Affairs, Rawad Ramadan, announced that Syria and Turkey are about to sign 12 cooperation agreements during the visit of the Turkish delegation headed by Minister of Trade Ömer Bolat to Damascus. He affirmed the support...

Most employees dismissed by the former regime in Aleppo face difficulties in returning to work after the government asked them to return. The most prominent of these difficulties is the low salaries, coupled with the high cost and unavailability of transportation. Mohamed, an employee at...

Dr. Hassan Hazouri, a professor of economics at the University of Aleppo, believes that the most prominent expected outcome of the Syrian government's agreement with the Syrian Democratic Forces (SDF) is the resumption of oil and gas fields, which could gradually increase production to...

China on Sunday "firmly" opposed the US announcement of a 10% tariff on Chinese exports, vowing to take countermeasures to safeguard its interests. “China’s position is firm and consistent. Trade and tariff wars have no winners. The US’s unilateral tariff hikes severely violate WTO (World...

The Prime Minister of the caretaker government, Eng. Mohamed Al-Bashir, issued a decision to terminate the General Corporation for Foreign Trade, the official news Agency reported on Tuesday. The Ministry of Economy and Foreign Trade will issue and take all decisions and procedures resulting...

The entry of foreign goods coming from Turkey through Idlib province to the Syrian markets continues to provoke many mixed reactions. There are those who welcome it and believe that foreign goods have contributed to the decrease in prices, while there are those who are upset and believe...

Assistant Secretary-General and Director of the United Nations Development Programme Regional Bureau for Arab States announced that he will visit Syria the day after tomorrow, Saturday, at the head of a UN delegation to present a support program for the reconstruction process and the...

On Wednesday, the Central Bank of Syria allowed banks, exchange companies, and money transfer companies to deliver remittances received from outside the country in foreign currency or the Syrian pound, according to the beneficiary's desire. Observers believe that this will help stabilize...

Where will the new Syrian government get its revenues from? A report by Asharq Al-Awsat newspaper revealed that the new government in Syria will face major challenges in financing its operations, especially since it inherited a dilapidated economic legacy from the previous regime, which...

The decisions and actions of the Syrian Interim Government, which was formed following the overthrow of Bashar al-Assad's regime on the 8th of this month, indicate that the country is moving towards an economic model based on a free economy, unlike the previous model that was based on the...

Dutch businessman Martin ten Boomer, owner of Ottomania, a shop and founder of Ottomania, which sells handicrafts from former Ottoman Empire countries such as Syria, Turkey and Lebanon, said he was optimistic that some business would return. “We hope there will be room for trade...

The port of the Mediterranean province of Latakia resumed commercial activity on Sunday after the port was closed for a whole week following the fall of the Bashar al-Assad regime last week, and the port was subjected to Israeli airstrikes, which resulted in the destruction of the entire war...

Russian President Vladimir Putin said his Turkish counterpart, Recep Tayyip Erdogan, had proposed reviving contacts on Black Sea shipping but that he had not yet had time to study the documents. Turkey and UN Secretary-General Antonio Guterres have long been seeking to get merchant shipping...

Emirates said on Tuesday that its flights to and from Iran are canceled on Oct. 8. The airline said that it continues to closely monitor the situation in the region and is in contact with the relevant authorities regarding developments.

Economic observers, via the Syrian regime's media, called on the Central Bank to print new banknotes larger than the 5,000 lira denomination to avoid the risks of carrying large amounts of money, especially for merchants. The Vice Dean of the Faculty of Economics at Damascus University,...