In this issue:
Gas sector under pressure: most reserves lie in government-held territory, but key infrastructure is under SDF control. Why is recovery still sluggish?
Less than 10% of refugees have returned: Assad’s fall raised hopes, but return remains rare.
New banknotes, new trust? Higher denominations may restore confidence in the Syrian Pound if rolled out credibly.
Subsidy reform post-Assad: the Interim Government is lifting subsidies swiftly as concerns over social impact rise.
Ahmad Sufian Bayram on startups: youth and the diaspora are driving momentum, but reforms are key to resilience.
Interview: Jean-Baptiste Faivre, French envoy to Syria – on France’s support for Syria’s transition, reconstruction, and renewed diplomacy.