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النسخة العربية
  • Politics
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  • Syrian economy

Eduardo Ramon

The return of Al-Jazira and the question of Syria’s economic renewal

As Raqqa, Deir ez-Zor, and Al-Hasakah return to state authority, this resource-rich region re-emerges as a cornerstone of economic recovery

Hussein al-Sharaa 06 February 2026
Syria's interim President Ahmed al-Sharaa (L) speaks during the Future Investment Initiative (FII) conference in Riyadh on 29 October 2025. RANIA SANJAR / AFP

Syria's obstacles to investment are many

Ambition is key to recovery, but so is realism about the road ahead. Lingering sanctions, legal ambiguity, poor transparency, and weak institutions continue to deter serious investment.

Haid Haid 20 November 2025
A sheep herder near the Rumaylan military site in northeastern Syria, January 8, 2025 AFP

Resource-rich yet underdeveloped, Syria’s northeast could pay dividends

The land between the Euphrates and Tigris yields oil, water, and wheat, to name but three, yet it has had no infrastructure investment for decades. As a result, it is unproductive. That could change.

Attiya Khalaf Al-Attiya 11 February 2025
Stacks of Syrian pound banknotes are piled on a currency trader's stall at a market in the city of Manbij, currently controlled by the Turkish-backed Syrian National Army, in the Aleppo province on January 4, 2025. Aaref WATAD / AFP

Sanctions relief alone won’t kickstart Syria's economy

Without a coordinated international effort to lift sanctions, Syria will struggle to secure foreign investment

Léa Eid 10 February 2025
A US dollar note is placed on a stack of Syrian pounds at a market in the Kurdish-majority city of Qamishli in northeast Syria on September 10, 2019. AFP / Delil SOULEIMAN

Rebuilding Syria's economy will be challenging but comes with reward

Estimates of reconstruction costs range up to $500bn, and most Syrians only get a few hours of electricity per day. The country's priorities are numerous and urgent, but amid the gloom, there is hope.

Abdelkader Hasria 27 January 2025
Dr Maysa Sabrin, Syria's newly-appointed central bank governor Axel Rangel Garcia

Syria becomes first Arab state with woman central bank chief

Maysa Sabrin joins illustrious figures such as Russia's Elvira Nabiullina, Europe's Christine Lagarde, and America's Janet Yellen, proving women heading central banks is no longer a rarity

Toufic Chanbour 16 January 2025
A container crane at the port of Latakia in western Syria on 30 December 2024. Aaref Watad / AFP

Syria’s new rulers to audit Iran loan spending for illegalities

While financial obligations outlive regimes, Damascus may be able to show that some of the $7.6bn in loans from Tehran was spent repressing the Syrian people—and that Iran knew about it

Joseph Daher 31 December 2024
A man looks out to the devastation while clearing rubble and debris from a house at the Yarmouk camp for Palestinian refugees south of Damascus on December 22, 2024. MUHAMMAD HAJ KADOUR / AFP

Syria begins to piece together a country and economy in ruins

War caused its GDP to fall by 86%, leaving 69% of Syrians impoverished. Regime change brings hope for an economy once one of the Middle East's strongest. This is its story and a look ahead.

Abdulfattah Khattab 24 December 2024
Syrian Red Crescent rescuers attend to displaced people arriving from Lebanon at the Jdeidat Yabus border crossing in southwestern Syria on October 7, 2024. LOUAI BESHARA / AFP

War in Lebanon puts Syria's already struggling economy under further strain

Syria's deep economic reliance on Lebanon, shaped by years of conflict and international sanctions, has made regime-held areas particularly vulnerable to Lebanon's economic and political instability

Haid Haid 13 October 2024
The al-Assad government’s embrace of the neoliberal market involves privatisation and subsidy cuts, which are causing widespread suffering and only benefitting the elite Ewan White

Already struggling Syrians brace for more austerity measures

The al-Assad government's embrace of the neoliberal market involves privatisation and subsidy cuts, which are causing widespread suffering and only benefitting the elite

Joseph Daher 15 April 2024
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Nash
Business & Economy

The tiny waterway that put the global economy into a chokehold

18 April 2026

Disruption in the Hormuz can have major implications for global trade, but it also creates opportunities for smaller nations like Iran to become global political players

Steve Hewitt
Pete Reynolds
Politics

Glimpses of Bush's Iraq debacle appear in Trump's Iran war

15 April 2026

The Iraq war was viewed as disastrous in retrospect, while the Iran war was unpopular from the get-go. Al Majalla highlights the similarities and differences between the two.

Robert Ford
Al Majalla
Business & Economy

The US plan to turn Syria into an oil transit hub

16 April 2026

Pipelines have a chequered history in the Middle East, but the closure of the Strait of Hormuz has led US Tom Barrack to conclude that a new route through Syria could solve some problems.

Al Majalla - London
An Iranian woman flashes the V-sign as she takes part in a rally to pay tribute to women killed during war, in Tehran on 17 April 2026. AFP
Politics

Has Iran's ideology actually hardened?

16 April 2026

The change in tone and presentation of policy isn't a fundamental redirection, but rather the consolidation of a system under pressure

Alex Vatanka
Egyptian director Daoud Abdel Sayed holds two awards during the opening ceremony of the Alexandria Film Festival for Mediterranean Countries in the Egyptian port city of Alexandria, late on 14 September 2010. AMR AHMAD / AFP
Culture & Social Affairs

Daoud Abdel Sayed and the cinema of quiet rebellion

16 April 2026

Throughout his career, the renowned Egyptian film director challenged authority, rejected easy answers, and remained rooted in lived experience

Hazem Massoud

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OPINIONS

Iran’s strategic depth in Latin America: benefits and limits

Stefanie Butendieck Hijerra
Stefanie Butendieck Hijerra

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Alice Gower
Alice Gower

Ana Paula Maia: we are all, in some way, displaced

Nesrein El-Bakhshawangy

Hormuz games: Trump's blockade on Iran's blockade

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