Syria is initiating economic reformation by reopening its economic markets, which have been through complete Paralysis for the past six months- considering it as the longest shutdown ever since the over-decade war and sanctions.
Syria is reopening its economic markets after a six month shut down of the whole country’s economy- being it the longest economic pause the country has endured though the long-lasting war and imposed sanctions. Syria’s stock exchange was resumed, and the opening bell was rung by officials signaling the restart of trading for 14 of the 28 listed companies.
Syrian Finance Minister Yisr Barnieh described the upcoming phase as a prosperity period for the Syrian economy. He affirmed there will be an overall revision of laws, new techniques implementations, and greater transparency.
According to the Syrian president Ahmed Al Sharaa, the economic reforms are expected to follow a political transformation. Having a newly established transitional government is shifting away from decades of rigid state centralized control to smoothen the road for modernized financial institutions and to encourage private-sector investments.
As for Last month, U.S. President Donald Trump met with Syria’s new leader, Ahmed al Sharaa, a significantly influential meeting that led to the reduction of key sanctions. The talks are understood to signify approval for Syria’s re-entry into global markets and the restoration of diplomatic ties.
Additionally, The European Union has lifted economic sanctions on Syria in an effort to help the war-torn country’s recovery process.
The Deputy Manager of Damascus Securities Exchange, Suleiman Mousselli, stated;
"We hope to benefit from the lifting of sanctions… We hope to be able to have better access to advanced technology and to introduce it to our trading system. This will enhance both our trading operations and market monitoring.”
In light of the event, while only half of Syria’s companies are back on board, officials say it’s a crucial step toward building a market-driven, post-conflict economy.
As for now, Syria’s recovery remains fragile, with its future heavily reliant on governance, investor trust, and lasting peace.
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Qatar reaffirmed its commitment to help Syria by supplying electricity, paying off Syria’s World Bank debts, and providing financial support to cover public sector salaries for three months.
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U.S. President Donald Trump and Germany’s new Chancellor, Friedrich Merz, had a surprisingly friendly and calm meeting at the White House. They talked about important issues like the war in Ukraine, trade, and NATO troops, but unlike some past meetings with world leaders, this one went smoothly.
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The NGO Ocean Cleanup, in collaboration with the Guatemalan government and local communities, has installed the largest trash barrier to date on the Motagua River. This major effort aims to capture and remove vast amounts of garbage before it reaches the sea.
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A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Federal authorities have arrested 14 suspects in Los Angeles linked to an Armenian organized crime ring accused of stealing $30 million in COVID relief and Small Business loans intended to support American taxpayers.
A U.S. appeals panel has rejected Apple’s request to pause a ruling that restricts the tech giant from charging commissions on in-app purchases made outside its payment system—delivering a major blow to the company in its long-running legal fight with Epic Games.
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The Government of Ghana has signed a $2 billion memorandum of understanding with key energy partners to extend oil production licenses for the Jubilee and TEN fields through 2040, aiming to boost output, increase gas supply, and drive infrastructure development.
U.S. President Donald Trump and Germany’s new Chancellor, Friedrich Merz, had a surprisingly friendly and calm meeting at the White House. They talked about important issues like the war in Ukraine, trade, and NATO troops, but unlike some past meetings with world leaders, this one went smoothly.
Japan is preparing a strategic offer to the United States centered on rare earth elements and liquefied natural gas, aiming to secure relief from steep U.S. tariffs amid growing trade frictions with China.
An escalating feud between Elon Musk and Donald Trump threatens to disrupt key U.S. space programs and jeopardize $22 billion in government contracts with SpaceX.
Scientists have identified a long-lost group of hunter-gatherers who vanished from Colombia’s highlands 2,000 years ago, reshaping our understanding of ancient human migrations in South America.
The NGO Ocean Cleanup, in collaboration with the Guatemalan government and local communities, has installed the largest trash barrier to date on the Motagua River. This major effort aims to capture and remove vast amounts of garbage before it reaches the sea.
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