Saturday 25 October 2014
 
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Imports

Saudi may see 18m cars on roads by year-end

Saudi Arabia will likely see the number of licensed vehicles on its roads rise to 18 million by the end of 2014, from 17 million last year, a report said. From 2011 to 2012, the number of licensed cars rose by 7 per cent to 15.9 m

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Egypt imposes temporary steel tariffs

Egypt has imposed temporary tariffs to protect domestic steel rebar manufacturers from cheap foreign imports amid a long-running local energy crunch that has hit power-hungry heavy industry. The 7.3 per cent tariffs will last for

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China crude imports from Iran drop nearly 30pc on year

Chinese imports of crude from Iran fell nearly 30 per cent from a year earlier to the lowest since October 2013, with Tehran's largest oil client reducing shipments from high levels in recent months as at least one regular buyer went throu

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EGPC to buy 65pc of its oil products from UAE

Egypt's state oil company Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product import needs from the UAE’s Adnoc for one year after the government approved the deal on Wednesday. The agre

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South Korea's Iran oil imports double

South Korea's imports of Iranian crude doubled in August from a year ago but fell 8 per cent in the first eight months year-on-year, reflecting moves by the world's fifth-largest crude oil importer to navigate terms of sanctions relief

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South Africa hopes to resume Iran oil imports

South Africa is looking to resume oil imports from Iran, once its biggest supplier of crude, and hopes to resolve "sanction issues" that have blocked purchases within the next three months, its deputy foreign minister said.

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Saudi mulls camel imports ban as virus spreads

Saudi Arabia suspects a virus that has killed hundreds of people there may have arrived in camels from the Horn of Africa, and could ban such imports until it knows more, the kingdom's chief scientist told Reuters. Any ban on

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Almarai signs two agreements to import feed

Almarai, a major dairy company, has signed two agreements with Ports Development Company (PDC) to invest in the development of infrastructure and logistics operations to aid in the import of cattle and poultry feed. The first agre

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Iraq sees bigger wheat crops cutting imports

Iraq expects its wheat production to rise to 4.2 million tonnes in 2014, reflecting government support for farmers, Khairullah Hasan Babakir said. He did not say what last year's figure was, but the U.S. Department of Agricult

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Saudi nonoil exports top $5bn in March

Saudi Arabia’s nonoil exports reached SR19.24 billion ($5.12 billion) in March, reflecting an increase of 12.5 per cent over the figures for the same month last year, a report said. The kingdom’s dropped 9.1 per cent t

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