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Kuwait trade surplus hits record $75bn in 2012Kuwait’s trade surplus reached an all-time high of KD25.9 billion ($74.5 billion) in 2012, surpassing the previously set record level of KD21.2 billion in 2011, a report said. The surplus, estimated at around 53 per cent of More… |
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Regional exports to Brazil hit $2.45bn in Q1Exports from Arab countries to Brazil reached $2.45 billion in the first quarter of 2013, up 22 per cent from the same period in 2012, according to figures from the Brazilian Ministry of Development, Industry and Foreign Trade. Me More… |
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Japan signs nuclear technology deal with UAEJapan has signed a nuclear cooperation and technology transfer deal with the United Arab Emirates and told the UAE it wants to renew its role in an oil and gas concession set to expire in 2018, a Japanese foreign ministry spokesman said. More… |
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Iran withdraws cheap dollars for most importsIran has stopped providing subsidised dollars for the import of most basic goods, Iranian media reported, a move that could push soaring consumer prices even higher in the run-up to a presidential election in June. The Iranian ria More… |
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Egypt to hold $600m auction for importsEgypt's central bank will hold on Sunday an exceptional foreign exchange auction for $600 million to cover strategic imports, it said in a statement. Bids will be accepted between 1.30 and 2.00 p.m. Cairo time (1130 and 1200 G More… |
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Iran's Q1 fuel oil exports ‘up 12pc over Q4’Iran exported nearly 18 million barrels of fuel oil in the first quarter, or around 200,000 barrels per day, an increase of nearly 12.5 percent from the previous quarter, according to traders and data from Thomson Reuters Oil Analytics. More… |
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New clearance rules boost Bahrain’s importsNew clearance procedures helped Bahrain's imports goods, clothes and food jump by 21 per cent in 2012 as against the previous year, according to a top official. Goods worth BD103.1 million ($270.4 million) were imported into B More… |
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Japan slashes Iran crude importsJapan's crude oil imports from Iran fell nearly a third in February from the same month a year earlier, trade ministry data showed on Friday, as tougher western sanctions targeting payments and insurance appeared to bite. Impo More… |
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Brazil-Arab trade flow hits $26 billionTrade flow between Brazil and Arab countries reached nearly $26 billion in 2012, increasing by 3.26 per cent from $25.11 billion in 2011, according to figures released by the Arab-Brazilian Chamber of Commerce. More… |
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Bahrain steps up clamp on medicine importsOnly licensed agents will be allowed to import drugs into Bahrain as part of a crackdown on fake and illegal medications, a report said. They will also only be able to import drugs approved for import by Bahrain's health autho More… |
