Wednesday 26 November 2014
 
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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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US sees jump in durable goods orders

Orders for long-lasting US manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft,

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Flydubai launches cargo services in Kuwait

Dubai’s low-cost airline flydubai said it has launched its cargo operations in Kuwait to provide an affordable, convenient and on-time service to the  local businesses. Flydubai said its new cargo services include a ful

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