Sunday 5 July 2015
 
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New ministry initiative for export centre in Bahrain

Bahrain’s Industry and Commerce Ministry is teaming up with the Economic Development Board (EDB), Tamkeen and Bahrain Development Bank in a major initiative to set up an export development centre. The main objective is provi

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Bahrain’s economic openness highlighted at forum

Bahrain’s Industry and Commerce Minister Zayed Al Zayani opened the Bahrain Export Trade Expansion Forum at the Diplomat Radisson Blu Hotel, Residence and Spa yesterday (May 31). It was organised by the ministry in collabora

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Saudi exports drop 8pc to $342bn, imports rise

Saudi Arabia's total exports dropped 8.9 per cent to SR1.28 trillion ($342.28 billion) last year, while its imports rose 3.3 per cent to SR651.88 billion, according to a report. The kingdom’s oil exports comprised 83 per

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Carbon Holding eyes $4bn loan by for petchem project

Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion Tahrir Petrochemicals project by the end of this year, its chief executive said on Monday. One of the b

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US drivers yield 'swing' oil demand crown to Saudis

As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand.

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Arab team explores opportunities in Brazil’s Amazonas

A high-profile Arab delegation recently explored trade and investment opportunities between Amazonas, the largest state in Brazil and Arab countries, according to the Arab-Brazilian Chamber of Commerce (ABCC). The delegates compri

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Iran, Indonesia in oil export, power plant construction deal

Iran and Indonesia have signed a deal on oil export and the construction of a power plant and a refinery in the Southeast Asian country, according to a report. Indonesia sought the co-operation of Iranian contraction in the renova

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Halt to Libya's Zueitina oil port, linked fields cuts output

All crude flows to Libya's Zueitina port have stopped after protesters demanding jobs blocked a pipeline, forcing the closure of several eastern oilfields, oil officials said.   State oil firm NOC confirmed t

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Brazilian exports to Mena exceeds $1bn in March

Brazil exports $1.036 billion worth of products to the Middle East and North Africa (Mena) region in March, an increase of 1.03 per cent over the same period last year, according to latest statistics. The statistics released by Br

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Gulf petchem exports exceed 65m tonnes

Gulf petrochemical and chemical exports exceeded 65 million tonnes last year, in comparison to less than 36 million tonnes in 2006, according to an expert. Mohammad Husain, president and chief executive officer, Equate Petrochemic

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