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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 picture of Farid al-Madhan, known as "Caesar," wearing a blue robe in the US Congress.
 Reuters/ Al Majalla
Politics

Syria's new post-sanctions test

22 December 2025

Damascus finally gets breathing room after the US repealed its draconian Caesar sanctions, but it can't exhale just yet. Al Majalla explains why.

Haid Haid
Opinion

Israeli gas and the crafting of a 'new Middle East'

22 December 2025

The US is poised to use Israeli gas as a lever to keep Iran on the backfoot following its regional setback, and it could even use it to undercut Russia's economy

Ibrahim Hamidi
Women and children at the Zamzam displacement camp, close to el-Fasher in North Darfur, Sudan, in January 2024. REUTERS/Mohamed Zakaria
Politics

After el-Fasher: the trajectory of war in Sudan

16 November 2025

Washington seems to have changed its tone after the RSF committed atrocities in October, putting increasing pressure on the foreign backers of a paramilitary that now controls Darfur. What next?

Amgad Fareid Eltayeb
Despite a new president, a new prime minister, a new government, and a new central bank governor, what has actually changed after Lebanon's economic collapse? Lina Jaradat
Business & Economy

A state in crisis: Lebanon’s struggle to restore financial stability 

20 December 2025

Following the appointment of a new president, Lebanon has struggled to come to terms with the deep-rooted challenges of its financial collapse

Toufic Chanbour
Culture & Social Affairs

This year in film: landmark moments across platforms

22 December 2025

Al Majalla looks back at a memorable and haunting year in film, with Kaouther Ben Hania's The Voice of Hind Rajab one of 2025's most powerful works

Wael Said

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OPINIONS

The global AI race heats up

Al Majalla - London
Al Majalla - London

Israeli gas and the crafting of a 'new Middle East'

Ibrahim Hamidi
Ibrahim Hamidi

Syria's new post-sanctions test

Haid Haid
Haid Haid

This year in film: landmark moments across platforms

Wael Said
Wael Said
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