Economy

Grape harvest begins in Quneitra with expectations of 6,135 tons production

The grape harvest for the current season has begun in Quneitra Governorate, amid expectations of a bountiful yield of 6,135 tons, with production directed towards local marketing and processing industries.

Damascus Countryside Chamber of Commerce: Syriatex strengthens the presence of Syrian clothing

Abdul Rahim Zayada, President of the Damascus Countryside Chamber of Commerce, confirmed that the specialized Syrian export clothing exhibition "Syriatex" for the autumn and winter 2026-2027 season represents an important opportunity to observe the development of the Syrian fabric and clothing in...

Opening of Safita’s Automated Bakery with a Production Capacity of 22 Tons

The Syrian Baking Company has opened the rehabilitated automated Safita Bakery, which has a daily production capacity of 22 tons and 45 tons in emergency situations, ensuring bread for approximately 150,000 people and 40 local communities.

Tax Authority Board Discusses IMF Recommendations and Local Administration Fees

The Tax Authority Board reviewed the International Monetary Fund's latest recommendations on tax disclosure, voluntary compliance, and coordination with anti-money laundering efforts, alongside discussions on local administration fees and tax system reforms.

US Federal Reserve Studies Raising Interest Rates Again to Combat Inflation

Michael Barr, a member of the Board of Governors of the US Federal Reserve, announced that the central bank may need to raise interest rates again to address persistent inflation, just one week after it cut rates for the first time in over three years.