Syria · Country watch
Syria-Jordan Economic Pact, Dollar Surge, Brent Oil Drop
Syria and Jordan sign economic agreements; the dollar rises sharply against the Syrian pound, and Brent crude oil prices fall over 5%.
The picture Mixed How this is judged →
Business conditions in Syria are mixed. Economic cooperation with Jordan improves trade prospects, but the Syrian pound's decline and volatile oil prices create challenges.
In this briefing Central Bank of Syria · Donald Trump · Brent Crude · Syria · Jordan
Markets
Dollar rises to 147 SYP in black market
The Syrian pound has weakened further against the US dollar, with the exchange rate reaching 147 SYP in the black market, Al-Watan reports. This marks a significant increase in the dollar's value after a period of relative stability. The Central Bank of Syria continues to maintain official exchange rates, but the black market rates are diverging sharply.
Impact Importers and financial institutions face increased costs and exchange rate volatility as the Syrian pound weakens.
Sources: Al-Watan الوطن ↗
Brent crude oil price drops over 5%
Part of: Brent Crude oil prices decline significantly →
Brent crude oil prices have fallen by more than 5% following statements by former U.S. President Donald Trump, who ruled out new attacks on Iran, according to SANA. This decline in oil prices comes amid expectations of stability in the Middle East, affecting global energy markets.
Impact Energy companies and importers in Syria may experience reduced costs due to the drop in Brent crude oil prices.
Sources: SANA سانا ↗
Trade
Syria and Jordan sign 11 economic cooperation documents
Syria and Jordan have signed 11 new cooperation documents across 19 sectors, according to Al-Watan. The agreements were finalized during the third session of the Syrian-Jordanian Higher Coordination Council. The trade exchange between the two countries has increased to approximately $330 million, nearly tripling over the past year. The agreements aim to transform political understandings into tangible economic, developmental, and service projects.
Impact Exporters and manufacturers in Syria and Jordan benefit from increased trade and cooperation, with trade reaching $330 million.
Sources: Al-Watan الوطن ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Companies · Politics.
Also today in the local press
- 400 مستهدف.. إجراء عمليات “الساد” في مشفى الجولان الوطني مجاناً — Al-Watan الوطن
- سوريا والأردن.. 11 اتفاقية تفتح الأبواب لشراكات اقتصادية جديدة — Al-Watan الوطن
- الاتفاقيات السورية الأردنية.. نحو تكامل اقتصادي عابر للحدود — Al-Watan الوطن
- الطاقة السعودية: استهداف خط أنابيب شرق–غرب في المدينة المنورة — SANA سانا
- التضخم المستورد يضغط على الأسعار..خبير لـ”الوطن”: الليرة صمدت أمام الاضطرابات لعامين — Al-Watan الوطن
- “حوشان” لـ “الوطن”: إلغاء تحصين القرارات الإدارية بداية لتفعيل الرقابة القضائية على السلطة الإدارية والتنفيذية — Al-Watan الوطن
- تراجع أسعار الذهب مع تنامي توقعات رفع الفائدة الأميركية — SANA سانا
- فرنسا ترفع الحدّ الأدنى للأجور بنسبة 1.6% بعد الاحتجاجات — SANA سانا
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.