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  • Politics
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  • Syrian economy

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
The World Food Programme will have to pull its general assistance for Syria in January, at a time when it is needed in the war-torn country more than ever. Ewan White

Syria crisis compounds as humanitarian aid runs out

The World Food Programme will have to pull its general assistance for the country in January, at a time when it is needed in the war-torn country more than ever

Joseph Daher 20 December 2023
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Saudi Crown Prince Mohammed bin Salman and US President Donald Trump at the White House, Washington, on 18 November 2025.
 SPA
Politics

Saudi Arabia scores ally upgrade in Washington

19 November 2025

Trump elevates Saudi Arabia to 'major non-NATO ally' status, but bigger issues of normalisation with Israel and a binding security treaty need more time. Nonetheless, this is a huge step forward.

Abdullah F. Alrebh
Al Majalla
Business & Economy

From oil to AI: a century of Saudi-US partnership

17 November 2025

The Saudi-US alliance is entering a new phase—one characterised by maturity, equilibrium, and a shared vision attuned to a world increasingly shaped by technology

Omar Harkous
Al Majalla's Editor-in-Chief Ibrahim Hamidi interviews Syrian Foreign Minister Asaad al-Shaibani on 13 November 2025. Axel Rangel Garcia
Politics

Asaad Shaibani on how Syria untangled its Russian knot

18 November 2025

In Part 1 of a two-part interview with Al Majalla, Syria's foreign minister explains how the Assad regime fell and how President Ahmed al-Sharaa went from a wanted man to a world leader

Ibrahim Hamidi
Opinion

A new Ukraine peace plan surfaces out of the blue

20 November 2025

Kyiv looks to be under renewed pressure amid reports that Russia and the US have been secretly drafting a 28-point peace plan to put an end to the conflict

Con Coughlin
A still from the film Neon
Culture & Social Affairs

'It Was Just An Accident' takes on the morality of revenge

19 November 2025

Acclaimed Iranian director Jafar Panahi tells the story of a group of ordinary people, all tortured by the same man, grappling with whether or not to take justice into their own hands

Maram Abou Hawach

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OPINIONS

Netanyahu is the key obstacle to Syria’s stability

Alia Mansour
Alia Mansour

Hezbollah money laundering risks sanctions on Lebanon

Thuraya Shahin

Inside the shadow network moving Palestinians abroad

Michael Horowitz
Michael Horowitz

Why some Yemenis want US-Israeli airstrikes on Houthis

Farea Al-Muslimi
Farea Al-Muslimi
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