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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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Yusra Naim
Politics

After Khamenei: will the Islamic Republic survive?

06 March 2026

Al Majalla examines what his killing means for Iran, its proxies, and the greater region

Al Majalla - London
Eduardo Ramon
Business & Economy

US-Iran war: aviation industry hits turbulence

05 March 2026

Gulf states' central global location has made it the perfect transit hub for global travel, but with flights cancelled due to war, the industry is scrambling to fill the void

Abdel-Rahman Ayas
An Iranian military truck carries surface-to-air missiles past a portrait of Iran's Supreme Leader Ayatollah Ali Khamenei during a parade on the occasion of the country's annual army day on 18 April 2018, in Tehran. ATTA KENARE / AFP
Politics

In US-Iran war, willpower could trump firepower

06 March 2026

Washington and Tel Aviv may think the key to ending Iran's regime is to kill its missile bank and capabilities, but sometimes strategy matters more than hardware

Bilal Saab
Iranian nationals arrive in Turkey after passing through the Razi-Kapiköy border crossing in Van, north-eastern Türkiye, on 3 March 2026. ALI IHSAN OZTURK / AFP
Politics

Türkiye fears spillover effects of US-Iran war

05 March 2026

Ankara fears a refugee influx, economic disruption, and a Kurdish dimension as the US and Israel escalate their attacks

Omer Onhon
The displaced Palestinian Abu Mustafa family sits together as they break the dawn-to-dusk Ramadan fast during Iftar in the Nuseirat refugee camp in the central Gaza Strip on 26 February 2026. Photo by EYAD BABA / AFP
Culture & Social Affairs

Ramadan in Gaza: food scarcity compounds suffering

03 March 2026

The iftar table, if it still exists, no longer represents joy, but anxiety and scarcity

Hala Al-Naji

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OPINIONS

Iran’s Kurds: teased by opportunity, tethered by memory

Ibrahim Hamidi
Ibrahim Hamidi

Iran’s defiant regime picks a new supreme leader

The Economist
The Economist

US-Iran war: an explosive powder keg

Fares Garabet
Fares Garabet

Syria may escape war but not its economic fallout

Haid Haid
Haid Haid
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