Since September, the value of the already-embattled Syrian Pound has collapsed against the US Dollar, reaching a new of of SYP790 against $1. The rapid collapse, exacerbated by economic difficulties in Lebanon, has so far gone unchallenged despite the many efforts of Damascus to stabilise the currency.
Iraq's Border and Port Authority announced that the Arar border crossing between Iraq and the Kingdom of Saudi Arabia (KSA) will be reopening soon, and will contribute to the recovery of the Iraqi economy.
Omar Razzaz, the Prime Minister of Jordan, noted that his country has managed to maintain political and social stability over the course of successive crises in the Middle East but acknowledged that living standards and the economy suffered.
In Lebanon, attempts to form a government have been deadlocked since Hezbollah and its allies have secured a cabinet majority. Prime Minister Saad al-Hariri heads into the fall all but powerless to address the economic decline.
The markets in the province of Anbar in Iraq are preparing for the arrival of the holy month of Ramadan. Since their liberation, the cities in Anbar Province have seen improved security and economic growth.
More than 6,500 companies founded or co-founded by Syrians have been registered in Turkey since the 2011 start of Syrian civil war. Gaziantep alone has 1,250 companies owned by Syrians registered in their Chamber of Commerce as of 2018.