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النسخة العربية
  • Politics
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  • Tag
  • 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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Iranian Foreign Minister Javad Zarif (R) and Deputy Foreign Minister and chief nuclear negotiator Abbas Araghchi react as they listen to President Hassan Rouhani (unseen) speaking during a press conference in Tehran on 3 April 2015 ATTA KENARE / AFP
Politics

Zarif’s peace gambit meets Tehran’s limits

15 April 2026

Tehran can likely contemplate a deal, but it is far less clear that it can yet imagine lasting peace

Alex Vatanka
Julian D. Paulsen
Business & Economy

Tight squeeze: economic effects of Iran war linger despite truce

13 April 2026

A two-week truce has sparked a cautious market rebound, but deep anxiety persists over renewed escalation and its impact on global growth and inflation

Abdulfattah Khattab
Jared Kushner and Pakistan's Prime Minister Shehbaz Sharif interact in Islamabad, Pakistan, on 11 April 2026. Jacquelyn Martin/ REUTERS
Politics

‘Kushner and Witkoff spoiled the US-Iran talks’

13 April 2026

Sources tell Al Majalla that Iran was able to build a rapport with US Vice President JD Vance in Islamabad, but sensed his hands were tied in the presence of Trump's son-in-law and close friend

Kamal Alam
Al Majalla
Business & Economy

The Iran war exposed the fragility of Europe’s economy

15 April 2026

Disruption in the Strait of Hormuz and rising energy prices are exposing the structural vulnerabilities of Europe's economy

Mohamed Sharki
Opinion

Lebanon’s Shiites are fighting a two-front war

15 April 2026

The first is on the border against Israel, which seeks to seize their land and drive them northwards; the second is within Lebanon itself, against a state that seeks to marginalise them

Houssam Itani

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OPINIONS

Yanbu: from Saudi safety valve to Gulf export hub?

Al Majalla - London
Al Majalla - London

Glimpses of Bush's Iraq debacle appear in Trump's foray into Iran

Robert Ford
Robert Ford

The Iran war exposed the fragility of Europe’s economy

Mohamed Sharki
Mohamed Sharki

Farasan, the literature of the sea, and the poetics of place

Jaber Muhammad Madkhali
Jaber Muhammad Madkhali
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