Tuesday 4 August 2015
 
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New system to speed up goods transport across UAE’s borders

A customs transit system which will dramatically speed up the transport of goods across the UAE’s borders with its neighbouring countries is on course to be introduced by the end of this year. The Fujairah Customs Authority

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Bill regulating consumer goods on table in Bahrain

A law governing the standards and specifications of consumer goods entering Bahrain could be introduced. The bill, put forward by the Industry and Commerce Ministry, would give the minister right of approval over the sale of comme

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Bahrain’s food import costs set to hit $1bn

Food import costs are expected to top the $1 billion (BD377 million) mark for the first time in Bahrain this year as the country increases its reliance on imported goods. According to London-based Economic Intelligence Unit (EIU),

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'Free trade is crucial for growth': G20

G20 trade ministers have reaffirmed their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders.   The ministers met in S

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Bahrain customs officials rapped over clearance delays

Traders have criticised customs officials for massive delays in clearance of goods imported into Bahrain.   They also accused causeway and port customs of "ruining" or "dramatically reducing"

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Bahrain traders urge cap on display goods cost

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

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Egypt core inflation slows to 8.86pc in May

Egypt's annual core inflation rate, which strips out subsidised goods and volatile items including fruit and vegetables, slowed to 8.86 per cent in May from 9.11 per cent in April, the central bank said on Tuesday.  

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Iran, Russia set to seal $20bn oil-for-goods deal

Iran and Russia have made progress toward an oil-for-goods deal that sources said could be worth up to $20 billion and enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reute

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Ultra wealthy to spend more on luxury goods

The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey. The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the

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UN drive to raise awareness on fake goods trade

A new global campaign by the United Nations Office on Drugs and Crime (UNODC) was launched recently to raise awareness among consumers of the $250 billion a year illicit trafficking of counterfeit goods. The campaign, 'Counter

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