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.
Hate speech targeting Muslims and Christians in India surged by 74% in 2024, driven by election-season rhetoric and unrest in neighboring Bangladesh, ...
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency....
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to...
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are pres...
Artillery fire and ground skirmishes have erupted this week along the disputed border between Thailand and Cambodia, shattering a fragile ceasefire an...
Syrian Foreign Minister Asaad al-Shaibani on Monday revealed new details about the final hours before Bashar al-Assad’s regime fell last year, including urgent discussions with Russian officials to brief them on rapidly unfolding events.
Tens of millions of people in urgent need of help won't be getting much assistance next year. That's according to the United Nations which launched a $23 billion aid appeal on Monday (8 December) which is half of last year's request, acknowledging a plunge in donor funding.
Canada has officially removed Syria from its list of state sponsors of terrorism, the country’s Foreign Ministry announced Friday.
Syrian President Ahmad al-Sharaa arrived in Qatar on Friday to take part in the 2025 Doha Forum, the annual global conference bringing together political leaders, business figures, and academics.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment