Oil prices edged up in early Asian trading on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in US drilling.
Front-month Brent crude futures rose 18 cents to
Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.
Traders found to be selling products that do not comply with a new specifications and standards law currently under discussion at Bahrain’s Shura Council could face fines or jail time.
The new government-drafted bill will gi
Traders who were supposed to move out of the Muharraq Central Market in Bahrain last June are refusing to leave, it has emerged.
Twenty-five businesses, including a branch of Ramez, are apparently digging their heels in because th
Bahrain Petroleum Co (Bapco) has signed a rare term deal for ultra low sulphur diesel with at least one buyer for this year, joining other Middle East refiners competing to produce fuel that meets European standards, traders said.
Traders want to impose a cap on the amount it costs to display goods in supermarkets in Bahrain.
The Bahrain Chamber of Commerce and Industry (BCCI) wants to lower shelf rental fees, the amount it costs to put
Many Bahraini enterprises have been hard hit by delays that have plagued trucks heading to Saudi Arabia for the last three years, said a report citing the kingdom's traders.
Speaking at an open meeting at the Bahrain Chamber o
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.