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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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Picture for illustrative purposes only. shutterstock
Politics

Change is coming in Iran

09 January 2026

Khamenei has struck a defiant tone amid growing protests against his regime, but a series of regional setbacks, coupled with an emboldened Trump, could finally bring it down

Arash Azizi
Forces that seized control of the Second Military Region Command on the outskirts of Al Mukalla, the capital of Hadramout, on 3 January 2026. AFP
Politics

Saudi Arabia's red line in Yemen explained

08 January 2026

Overcoming Yemen's fragmentation requires more support for the Riyadh-led path—one that rejects secession, all militias and institutionalises the state

Abdullah F. Alrebh
Al Majalla
Politics

5 unanswered questions about Trump’s Venezuela plan

06 January 2026

Maduro's exit doesn't mean the end of his government

Ravi Agrawal
Buses wait to enter the Sheikh Maqsoud neighbourhood to evacuate US-backed Kurdish-led Syrian Democratic Forces (SDF) force fighters from two districts of the city of Aleppo, northern Syria, on 9 January 2026. Bakr ALkasem / AFP
Politics

Clashes in Aleppo may be the creaking before the earthquake

10 January 2026

If fighting spreads beyond the predominantly Kurdish neighbourhoods of Ashrafieh and Sheikh Maqsoud and beyond Aleppo, there is a real risk that Syria could be dragged into a new civil war

Omer Onhon
Al Majalla
Documents & Memoirs

Putin foreshadowed the Ukraine war in 2008 meeting with Bush

06 January 2026

Recently declassified meeting minutes between the two leaders show how Washington was well aware of Moscow's grievances over NATO expansion, but went ahead anyway

Samer Elias

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OPINIONS

Two remarkable stage productions at Riyadh Season

Asmahan Al-Sha’abouni
Asmahan Al-Sha’abouni

Egypt steps up its balancing act amid Yemen rift

Amr Emam
Amr Emam

What next for Syria after tenuous Aleppo ceasefire?

Haid Haid
Haid Haid

Clashes in Aleppo may be the creaking before the earthquake

Omer Onhon
Omer Onhon
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