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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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People shout slogans as they gather after a two-week ceasefire in the Iran war was announced, in Tehran, Iran, 8 April 2026. Majid Asgaripour / Reuters
Politics

US-Iran ceasefire unlikely to hold

07 April 2026

If the ceasefire collapses, China has an interest in getting the two sides back to the table, but it would be a difficult task given Tehran's deep mistrust of the US and Israel.

Xiaotong Yang
Grace Russell
Politics

Gulf states should steer clear of attritional war traps

01 April 2026

The US-Israeli war against Iran aims to draw in Gulf states, but history has shown that entering wars is far easier than exiting them. Prudence is needed now more than ever.

Khairuldeen Al Makhzoomi
Palestinian Foreign Minister Varsen Aghabekian Shahin speaks at a press conference in Ljubljana, Slovenia, on 25 August, 2025. Luka Dakskobler / Getty
Politics

'Israel is exploiting Iran war to kill a Palestinian state'

01 April 2026

PA Foreign Minister Varsen Aghabekian Shahin tells Al Majalla that Israel is taking advantage of the fact that the world is distracted by the US-Iran war to create irreversible facts on the ground

Ahmed Maher
People gather during a celebration called by Hayat Tahrir al-Sham (HTS) at the Umayyad Square, after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, 20 December, 2024. Reuters / Ammar
Business & Economy

US-Iran war gives Syria's global economic pitch more urgency

01 April 2026

Given the effective closure of the Hormuz Strait and Houthi threats to close off the Red Sea, Syria may emerge as a corridor and conduit to bypass these embattled maritime chokepoints

Charles Lister
Farid al-Madhan Reuters/ Al Majalla
Politics

Farid al-Madhan: Assad's fingerprints were on every picture

31 March 2026

A former army forensics employee who later became known as Caesar tells Al Majalla how he risked his life to expose the torture and killing of countless Syrians in regime prisons

Ibrahim Hamidi

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OPINIONS

Arab wars in the shadow of the war on Iran

Houssam Itani
Houssam Itani

A too weak ceasefire?

Fares Garabet
Fares Garabet

US-Iran ceasefire unlikely to hold

Xiaotong Yang
Xiaotong Yang

A new look at Islam, integration, and secularism in France

Rim Abdel Hamid
Rim Abdel Hamid
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