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Business

Discord mounts between Assad and his tycoon

(Zaman Al Wasl)- Pro-regime activists and relatives of the Syrian tycoon Rami Makhlouf said the Syrian dictator Bashar al-Assad had held his cousin in custody over 'money discords'. This disagreement led to direct orders to take Makhlouf’s companies and investments into the custody...

Recession hit Damascus markets: merchants

(Zaman Al Wasl)- Most merchants in Syria’s Damascus have been complaining of a recession hitting their stacked merchandise, a Syrian business website reported.  Some say it is the usual post-Eid al-Adha recession. However, others believe that this is due to the high cost of...

US warns businesses against taking part in Damascus fair

(Zaman Al Wasl)- The United States is warning businesses against participating in an annual trade fare this week in the Syrian capital, Damascus. The U.S. Embassy in Syria, which closed the mission early on in the country's eight-year civil war, posted a statement on Twitter ahead of...