The splintering of the global aluminium price is becoming ever more acute. Physical premiums on both sides of the Atlantic have just sailed through the $500 per tonne level, widening the disconnect between the global reference price set on the L
Abu Dhabi National Oil Co (Adnoc) has finalised its 2015 jet fuel term contracts at slightly lower levels than the current year, industry sources said.
The refinery finalised its January to December 2015 jet fu
Kuwait Petroleum Corp (KPC) has sealed its 2015 gasoil term deal with buyers at a premium of $1.30 a barrel to Middle East quotes on a free-on-board (FOB) basis, down 42 per cent versus its 2014 deal, industry sources said.
International premium and economy air passenger numbers grew at the same rate of 4.5 per cent in August compared to a year ago, up on the July growth of 2.6 per cent.
The strong expansion in passenger numbers between August
Increasing demand for Sharia-compliant insurance in Bahrain has led to takaful premiums growing more than seven per cent last year, it has emerged.
According to Central Bank of Bahrain (CBB) executive director of financial institu
Bahrain-based Saudi National Insurance Company (SNIC) has reported a growth of 23 per cent in gross written premium at BD11.2 million ($29.70 million) for the first six months of the year when compared with BD9.1 million ($24.1 million) for the
Bahrain insurance market has posted a gross premium increase of eight per cent to register BD258.41 million ($681.7 million) last year, compared to the previous year, according to the Central Bank of Bahrain.
Long a key feature of the Middle Eastern bond market, the "Gulf premium" is fading and may vanish entirely as soon as this year if the region continues to gain ground as a mainstream investment destination.
The premium i
Only 45 percent of vehicles on Saudi Arabia’s roads are insured, owing to a four-fold rise in premiums, said a report.
An official of Najm Company that deals with road accident cases in the country on beh