Friday 25 April 2014
 
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traders

Syria limits foreign currency use, threatens jail

Syrian traders who price goods in foreign currency will face up to 10 years in jail, the government announced on Sunday in a move aimed at stemming the increasing dollarisation of an economy crippled by two years of civil war. A d

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Syrian traders find ways to survive war

In the bustling Baramka district in the heart of Damascus, sounds of iron hammering by mechanics busily repairing cars can be heard next to the large excavated site of an uncompleted $400 million twin skyscraper

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Oil traders diversify into food, metals eyeing profits

Energy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port capacity as they copy their rival Glencore Xstrata to escape excessive reliance on

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Speak out against terror, traders urged

  Bahrain's business community was yesterday urged to be more vocal in condemning subversive designs.   "Destabilisation will hurt the trading community more than any other sector," Hi

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Bahrain traders banking on F1

Bahraini businesses are banking on the forthcoming Formula One weekend to help them make up for lost earnings due to unrest, a report said. Commerce leaders told our sister publication the Gulf Daily News (GDN) there was an air of

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Ducab launches sales promotion for partners

Dubai-based Ducab, a leading manufacturer of wires and cables, has launched its annual sales promotion for the company’s distributors and traders, in a move to motivate them to meet higher targets. The Ducab Dragons sales pr

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Suq traders’ plea after ‘zero profit’

Traders in the Manama Suq have reportedly made "zero" profit since the outbreak of violence across the country since February 14, our sister newspaper, the Gulf Daily News reported. They have sent out an urgent plea to g

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Oil bounces back to $116, Europe concerns fade

Oil rose to $116 a barrel on Tuesday, resuming its three-week rally, as investor concern faded about political risks in the euro zone that had prompted a sell-off of riskier assets in the previous session. European shares moved up

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Rogue traders in Bahrain 'cheating clients'

Rogue traders in Bahrain are deliberately buying damaged or expired goods on the cheap and selling them to unsuspecting customers, said a top official. Dalal Al Zayed, legislative and legal affairs committee chairman of the Shura

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Dubai hopes sukuk standards to make it global player

Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said. T

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