Friday 27 March 2015
 
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traders

Oil storage at sea halves to 25m barrels

Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.

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Traders not complying with new rules to face jail time

Traders found to be selling products that do not comply with a new specifications and standards law currently under discussion at Bahrain’s Shura Council could face fines or jail time. The new government-drafted bill will gi

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Market traders in Bahrain refuse to shift to new location

Traders who were supposed to move out of the Muharraq Central Market in Bahrain last June are refusing to leave, it has emerged. Twenty-five businesses, including a branch of Ramez, are apparently digging their heels in because th

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Bapco inks rare term deal for low sulphur diesel

Bahrain Petroleum Co (Bapco) has signed a rare term deal for ultra low sulphur diesel with at least one buyer for this year, joining other Middle East refiners competing to produce fuel that meets European standards, traders said.

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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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Manama suq traders warn of blaze threat

Traders have warned of "destructive" fires that could devastate hundreds of businesses in Bahrain's oldest suq if safety measures are not upgraded.   They say the majority of more than 1,300 shops i

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Bahrain traders hit by causeway trucks chaos

Many Bahraini enterprises have been hard hit by delays that have plagued trucks heading to Saudi Arabia for the last three years, said a report citing the kingdom's traders. Speaking at an open meeting at the Bahrain Chamber o

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Syria limits foreign currency use, threatens jail

Syrian traders who price goods in foreign currency will face up to 10 years in jail, the government announced on Sunday in a move aimed at stemming the increasing dollarisation of an economy crippled by two years of civil war. A d

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Syrian traders find ways to survive war

In the bustling Baramka district in the heart of Damascus, sounds of iron hammering by mechanics busily repairing cars can be heard next to the large excavated site of an uncompleted $400 million twin skyscraper

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