Friday 4 September 2015
 
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traders

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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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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