Retail: 15 percent increase from last year’s holidays. Foreign expenditure to improve five percent

The retail activity is currently witnessing an outstanding increase. According to Simon Khoury, CEO of CityMall, there is a 15 percent increase in the retail activity of the mall in December, compared to the same month last year.

This week, around 40,000 visitors have entered CityMall per day. "We are expecting to reach higher numbers during the holidays," said Khoury.

Jamil Rayyes, General Manager of Hamra Shopping & Trading Co, owner of Grand Stores, said: "Retail activity impr...

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