Thursday 21 August 2014
 
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Trade

Bahrain to increase visa fees from October

Visa fees are set to increase for everyone entering Bahrain from October, excluding labourers and domestic workers. This was announced by the Interior Ministry's General Directorate for Nationality, Passports and Residence Aff

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Oil gains $1 on plans for US air strikes in Iraq

Brent crude oil rose by more than $1 towards $107 on Friday after the United States approved air strikes against Islamist militants in Iraq, raising concerns over the security of oil supplies from Opec's second largest producer. Pre

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Dubai’s foreign trade in phones hits $44bn

Dubai’s foreign trade in phones totalled Dh163 billion ($44.37 billion) in 2013, representing about 12 per cent of the emirate’s overall foreign trade volume, according to the latest data released by the Dubai Customs. Trade

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2 women 'forced into sex trade' in Bahrain

Two Indonesians sheltered at a government-run centre for abused women in Bahrain have claimed a gang forced them into prostitution. The women, who worked as maids in different homes, told they were lured into vice by a group of Ba

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Dubai summit to focus on trade facilitation issues

A new summit dedicated to customs and trade facilitation issues will be launched at a gathering of business and government leaders from more than 80 countries in Dubai in October. The ‘Global Customs and Trade Facilitation&r

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India threatens to derail WTO deal, US angry

India has threatened to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a US warning that its demands could kill global trade reform efforts.

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New clamp on illicit alcohol trade

Bahrain authorities are cracking down on mafias selling alcohol in the black market and have urged people to help them stop the illicit activity. They say they have recorded a surge in people trading illegally in the capital even

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'Free trade is crucial for growth': G20

G20 trade ministers have reaffirmed their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders.   The ministers met in S

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Concern over India's stance on global trade pact

Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded in the end despite initial signs of progress, sources involved in the discussions said on Saturday. India is the most pr

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Dubai-Canada trade sees 61pc growth

Dubai’s foreign trade with Canada recorded a 61 per cent growth in the first quarter of the year valued at Dh2 billion ($544.3 million) as compared to Dh1.3 billion for the same period last year, said a top official.  

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