Syria expects economic growth to approach 10% in 2026 following the easing of United States sanctions, according to Finance Minister Mohamed Yisr Barnieh. Officials cite improved stability, returning skilled diaspora workers, and new foreign investment as key drivers.
The recovery follows the 2024 removal of former president Bashar Al-Assad, with President Ahmed al-Sharaa strengthening Western ties after meeting Donald Trump at the White House.
Key developments:
• Chevron Corporation signed an offshore exploration agreement with Syrian Petroleum Company and UCC Holding.
• Investment pledges from Saudi Arabia target telecoms, aviation, and infrastructure.
• Plans to launch Syria’s first sovereign sukuk bond by late 2026.
• Syrian forces assumed control of Al-Tanf military base after the withdrawal of US Central Command, with Commander Brad Cooper confirming regional counterterrorism readiness.
• Security concerns persist following attacks by Islamic State, including a December strike near Palmyra.
ℹ️ Bloomberg
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