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Change looms for Ethiopia's ancient salt tradeAbdu Ibrahim Mohammed was 15 years old when he began trekking with caravans of camels to collect salt in a sun-blasted desert basin of north Ethiopia that is one of the hottest places on earth. Now 51 and retired, he has passed hi More… |
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Dubai non-oil trade jumps to $88.6bn in Q1Dubai's non-oil trade jumped 16 percent in the first quarter and recovery in the emirate's property sector will help keep the pace up this year despite a plunge in trade with Iran and glob More… |
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Bahrain eGA seals Korea trade dealThe Bahrain eGovernment Authority (eGA) has signed a MoU with Korea Trade Investment Promotion Agency (Kotra) to develop co-operation in the fields of IT, capacity building and investment . More… |
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Kuwait current account surplus up 20pcKuwait's current account surplus widened nearly 20 per cent to KD22.2 billion ($77.8 billion) in 2012 compared with the previous year, central bank data showed. The 2012 surplus soared to nearly 50 per cent of the Opec m More… |
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Al Ramz UAE brokering hits nearly $600mUAE-based Al Ramz Securities, a leading financial services firm, posted its fourth consecutive month of market leadership by trading Dh2.2 billion ($598.8 million) in April to account for 9.86 per cent of national brokering. For t More… |
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Iran faces fresh trade heat as more shippers exitForeign container shipping lines are giving up on Iranian business ahead of new US sanctions in July, dealing a further blow to Tehran's vital seaborne trade. Iran's economy is already reeling from the effect of measures i More… |
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Iran faces fresh trade heat as more shippers exitForeign container shipping lines are giving up on Iranian business ahead of new US sanctions in July, dealing a further blow to Tehran's vital seaborne trade. Iran's economy is already reeling from the effect of measures i More… |
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US warns trade talks 'hurtling towards irrelevance'The United States launched a blistering attack on fellow World Trade Organization member states on Thursday for failing to do more to cut global barriers to trade, criticising India in particular for trying to introduce a " More… |
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DME drops fuel oil plans to focus on crudeThe Dubai Mercantile Exchange (DME) has dropped plans to offer fuel oil trading to focus on increasing volumes of its Oman crude oil futures to the point where big Gulf oil producers want to price off them, the DME's chief More… |
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Oman trade surplus soars to $24bn in 2012Oman's merchandise trade surplus rose 2.3 per cent to RO9.24 billion ($24 billion) last year, boosted by strong energy exports, according to data released by the government's statistics centre on Tuesday. Exports rose 10.7 More… |
