Thursday 1 September 2016
 
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Yemen food shipments hit as banks cut credit

Banks have cut credit lines for traders shipping food to war-torn Yemen, where ports have been battlegrounds and the financial system is grinding to a halt, choking vital supplies to the state. Lenders are increasingly unwilling t

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Traders from conflict zones take part at Bahrain expo

Traders from conflict zones have braved all odds to take part in Bahrain’s biggest consumer exhibition, which opened yesterday (January 26). More than 750 exhibitors from 21 countries are showcasing a wide range of products at the 27th A

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Oil slips towards $30, more falls feared

Crude oil slipped towards $30 per barrel to a near 12-year low on Tuesday as heavy oversupply showed no sign of easing, while analysts scrambled to cut their price forecasts and traders bet on further declines. Prices are down aro

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Oil slips towards $30, more falls feared

Crude oil slipped towards $30 per barrel to a near 12-year low on Tuesday as heavy oversupply showed no sign of easing, while analysts scrambled to cut their price forecasts and traders bet on further declines. Prices are down aro

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Meat tags plan to detail supplier info in Bahrain

Meat traders in Bahrain could soon be forced to put tags on their merchandise identifying their suppliers. Parliament’s financial and economic affairs committee accepted the proposal submitted by the National Consensus Bloc – but b

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Gold traders in Bahrain in private lab call

Gold traders in Bahrain are calling for private laboratories to be introduced amid claims that a backlog at the government’s Assay Office is hurting trade. A shortage of staff at the office, which falls under the Industry and Commerce Mi

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Iranian officials say condensate and fuel oil on ships

As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said that the oil was condensate and fuel oil.   The millions of barrels on ships could be delivered

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Bid to resolve market dispute in Bahrain

A 19-month stalemate between authorities and 25 traders, who refuse to vacate one of Bahrain’s oldest markets, could soon be resolved, according to a report. The Muharraq Municipal Council has intervened to find another temp

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Bahraini traders alerted of online fraud

A warning has been issued by the Chinese Embassy after a Bahrain-based business was defrauded out of more than $16,000. Burgerland Restaurant owner Jameel Salman ordered 31 metric tonnes of charcoal from a company he found on busi

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Oil edges up over betting on higher prices

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

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