The directly visible indicator of the devastation was the collapse of the local currency (from 47 Syrian pounds per US dollar in 2010 to 14,800 by the end of 2024), as growing budget deficits were ...

The World Bank said on Monday that Syria’s gross domestic product is expected to grow modestly by 1% in 2025, following a ...

The World Bank has approved a $146 million grant to help Syria restore reliable, affordable electricity and support the country's economic recovery, it said in a statement on Wednesday.

The World Bank recently announced a $146 million grant to help Syria repair damaged transmission lines and transformer ...

The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.

The State Department revoked the terrorist designation of Hayʼat Tahrir al-Sham, a group headed by the country’s new ...

Syria has embarked on a new phase of monetary and banking openness, parallel to the beginning of the end of the decades-long ...

DAMASCUS (Reuters) -Syria has carried out its first international bank transaction via the SWIFT system since the outbreak of its 14-year civil war, its central bank governor said on Thursday, a ...

The World Bank has approved over $1 billion dollars for infrastructure and reconstruction projects in Iraq, Syria and Lebanon. The biggest amount went to Iraq, where the World Bank approved $930 ...

The World Bank said on Monday it expected Syria’s gross domestic product (GDP) to grow modestly by 1% in 2025, following a ...

The World Bank has approved over $1 billion dollars for infrastructure and reconstruction projects in Iraq, Syria and Lebanon. The biggest amount went to Iraq, where the World Bank approved $930 ...