Retail & Trade

30-09-2013
Trading in Syria’s free trade zones continued to plunge in the first eight months of this year, according to a government official.
13-05-2013
Chalhoub Group, a distributor of fashion and beauty products, is taking a 85 percent loss in its operations in Syria, its CEO said.
10-12-2012
The volume of trade in Syria’s free trade zones reached SYP 56 billion in the first ten months of the year, a figure that marks a strong decline from previous years.
30-07-2012
The head of the General Organization of Free Trade Zones said that the total trade volume by companies established in the zones reached SYP 33 billion in the first half of this year.
16-04-2012
Damascus is witnessing the opening of its latest commercial mall in the midst of a steep decline in consumer spending and a severe economic downturn.
16-02-2012
The Governorate of Damascus has allocated 13 new locations for stall vendors in a bid to push them out of the city centre.
30-01-2012
The General Organisation of Free Zones, the body in charge of the management of Syria’s free trade zones, said its revenues, generated from rent and other fees paid by companies, stood at SYP 900 million last year, from SYP 1 billion in 2010.
15-11-2011
Turkey’s Ministry of Economy has established a Syria Desk to help Turkish traders and manufacturers cope with the turmoil in their southern neighbour.
26-09-2011
Levant Motors, the Syrian Mercedes Benz dealership, has conducted a five-fold increase of its capital.
08-08-2011
Versace, a high-end Italian fashion brand, recently opened its first store in the Syrian capital in the upscale district of Abu Rummaneh.
25-07-2011
The Syrian government has reduced import tariffs on a wide range of consumer products and manufacturing inputs in a bid to reduce costs, as the month of Ramadan, a period of the year when demand peaks and prices rise, is set to begin.
03-07-2011
The Syrian President has issued a decree scrapping many penalties on companies established in the country’s free zones.
25-05-2011
Syria Duty Free, the company operating duty free shops on Syrian border ports, has been sold to unnamed Kuwaiti investors, the company said in a statement.
12-04-2011
Ayyam Gallery, a Damascus-based art gallery and one of the largest in the Middle East, has announced that it is pulling out of the Egyptian market.
10-04-2011
Zara, the global clothing retailer, opened its first store in central Damascus on March 30.