Saturday 25 May 2013
 
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Bahrain jewellers see surge in gold sales

Gold sales at some of Bahrain's biggest jewellers have doubled as customers take advantage of lower prices that have affected markets worldwide, a report said. Demand rocketed after the price of yellow metal dropped by as much

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Dubai residential rates see robust growth

The residential property market in Dubai recorded robust growth in nearly all sectors in the last six months with the lower budget end of the villa market registering the sharpest rise in values of 20.2 per cent, a report said. Th

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Dubai residential rates up in all areas in Q1

Apartment sales prices in Dubai grew on average by 12 per cent in the three months to the end of March with year-on-year growth standing at 27 per cent as residential rates mounted in all areas of the emirate, a report said. All r

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Food prices stable, cereal output seen up in 2013

World food prices held steady in February as falling wheat and sugar offset gains in vegetable oils and dairy prices, the United Nations' food agency said on Thursday, forecasting increased cereals production in 2013. Global g

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Bahrain to slash medicine prices by 20pc

Bahrain has decided to slash profit margins on the price of medicines by 10 to 20 per cent, aiming to ensure good returns for pharmacies and alleviate the burden on citizens, said a senior government official. The Health Ministry and a

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Audi defines regional retail prices for parts

German automobile manufacturer Audi has announced the introduction of recommended retail prices (RRP) for Audi genuine parts in the GCC. The prices are defined on a regional level and enforced by Audi Middle East in order to maint

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Saudi oil price cut to Asia linked to market share

  Saudi Arabia's decision to cut oil prices to Asia for March cargoes by more than expected shows that the kingdom is keen to keep market share and that the region's demand is easing after w

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UAE cuts price of 6,619 medicine brands

  The United Arab Emirates on Sunday adopted regulations that will help cut prices of more than 6,600 types of imported medicines by up to 40 percent, state news agency Wam reported.

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Bahrain fresh produce prices jump 30pc

Fruit and vegetable prices at Bahrain’s Manama Central Market have surged by almost 25 to 30 per cent with nearly 50 trucks carrying fresh produce stuck at the King Fahad Causeway awaiting clearance, traders said yesterday. They c

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Dubai consumer prices fall 1.9pc in Dec

The consumer prices in Dubai fell 1.9 per cent year-on-year in December due to a 6.5 percent drop in housing and utilities costs, according to data from the emirate's statistics center. On an average, the emirate's consume

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