Sunday 19 November 2017

Importers ‘misusing Bahrain’s FTA with US’

Importers in Bahrain have been accused of trying to misuse the kingdom's Free Trade Agreement (FTA) with the US to avoid paying taxes, a report said. Bahrain's Sea Ports Customs Affairs directorate recorded 100 trade viola


UAE, Qatar banks stop trade finance to Iran

The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme. The Gulf


Saudi caps profit margins for barley importers

Saudi Arabia, the world's largest buyer of barley, has capped profit margins for importers of the grain and threatened to sanction violators and hoarders after a sharp rise in red meat prices. The commerce and industry ministry said in

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