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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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A man walks past a mural depicting the Venezuelan national flag and reading "Long live the motherland!" in Caracas on 4 January 2026, a day after Venezuela's president Nicolas Maduro was abducted by the US. Juan BARRETO / AFP
Politics

After Maduro: what next for Venezuela?

04 January 2026

The US could be secretly negotiating with elements in the government to take charge. The alternative is state and popular resistance, which sets the stage for more military action and insurgency.

Tarek Rashed
Venezuela's Vice President Delcy Rodríguez speaks during a press conference in Caracas on 8 September 2025. Federico PARRA / AFP
Profiles

Delcy Rodríguez and Venezuela’s politics of survival

05 January 2026

Venezuela's vice president is known for having a diplomatic style that is confrontational in tone but cautious in substance, and pursuing a strategy that marries public defiance with quiet pragmatism

Stefanie Butendieck Hijerra
Richard N. Haass, Senior Counsellor, Centerview Partners, speaks onstage during the Reindustrialise Conference 2025 on 17 July 2025, in Detroit, Michigan. TASOS KATOPODIS / AFP
Politics

Richard Haass on America’s changing global role

31 December 2025

In an interview with Al Majalla, the senior US diplomat says that while the US may no longer play the role of world policeman, it is not isolationist either

Ibrahim Hamidi
Politics

2025 highlights and what to look out for in 2026

30 December 2025

Al Majalla reflects on this year and the first quarter of the 21st century, highlighting standout achievements, events and trends

Al Majalla - London
An aerial view shows pigeons flying over the Marjeh square in Syria's capital Damascus on 12 December 2024. OMAR HAJ KADOUR / AFP
Culture & Social Affairs

The history of Damascus pulses through Marjeh Square

30 December 2025

If anywhere encapsulates the Syrian capital in recent decades, it is this enigmatic and iconic public space, which has seen more than its fair share of changes

Khalil Sweileh

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Delcy Rodríguez and Venezuela’s politics of survival

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The destruction of Gaza’s markets is the destruction of memory

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Engineering a modern state: 25 years of Saudi development

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