Saturday 19 April 2014
 
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Iran, Russia set to seal $20bn oil-for-goods deal

Iran and Russia have made progress toward an oil-for-goods deal that sources said could be worth up to $20 billion and enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reute

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Ultra wealthy to spend more on luxury goods

The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey. The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the

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UN drive to raise awareness on fake goods trade

A new global campaign by the United Nations Office on Drugs and Crime (UNODC) was launched recently to raise awareness among consumers of the $250 billion a year illicit trafficking of counterfeit goods. The campaign, 'Counter

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US sees jump in durable goods orders

Orders for long-lasting US manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft,

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Flydubai launches cargo services in Kuwait

Dubai’s low-cost airline flydubai said it has launched its cargo operations in Kuwait to provide an affordable, convenient and on-time service to the  local businesses. Flydubai said its new cargo services include a ful

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Iran to cut imports of non-essential goods

Iran said it would seek to cut imports of non-essential goods and urged its citizens to reduce their use of foreign-made mobile telephones and cars, as the country struggles to cope with Western economic sanctions. The policies su

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Iran bans imports of 600 goods, caps currency sales

Iran has banned the importation of about 600 goods and only importers of essential items will henceforth benefit from preferential exchange rates, a report said. Iran's energy-reliant economy is reeling from international sanctions aimed a

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Talks SOS over Causeway truck delays

A Bahraini transport chief is demanding emergency talks after massive truck delays returned at King Fahad Causeway with hundreds of truckers camped out and waited to cross into Saudi Arabia yesterday. Some of them spent Tuesday night sleep

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Stranded Bahrain truckers camp out

Hundreds of truckers waiting to cross into Saudi Arabia from Bahrain were yesterday camping in open grounds and on roadsides in Janabiya and Hamala after being prevented from going on to King Fahad Causeway. Drivers said they had been mov

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Syrian authorities lift import ban

Syrian authorities rescinded a ban on imports on Tuesday, the official Syrian news agency said, after a spike in prices and disquiet among an influential merchant class that has been backing President Bashar Al-Assad. The ban included almo

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