Sunday 20 April 2014
 
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56 Saudi firms fined for price manipulation

Fifty-six Saudi companies were fined SR222 million ($59.18 million) for price manipulation by the  Ministry of Commerce and Industry's competition commission, a report said. Companies have the right to become dominant pla

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51pc Dubai car buyers 'dissatisfied' with price

About 51 per cent of car buyers in Dubai deem that the price they pay for their vehicles is ‘unreasonable,’ said a report. A car consumer poll by the Department of Economic Development in 2013 included feedback from 89

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Saudi cbank expects further drop of inflation

Saudi Arabia's central bank expects the annual inflation rate to fall further below three per cent in the first quarter of this year, it said in a report on Monday. "The general inflation rate is expected to continue decl

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DI unit tightens guidance on $300m sukuk

Dubai Investments Park, a unit of Dubai Investments, has tightened pricing guidance on its $300 million debut Islamic bond issue, which will price on February 13, a document from lead managers said. The five-year sukuk, which has

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70pc cuts on way in Bahrain medicine prices

Hospital treatment could become cheaper as a result of a nationwide project to reduce the cost of more than 500 commonly used medicines in Bahrain, according to a report. The price of the medication for chronic diseases will be sl

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Medicine prices to be cut by half in Bahrain

Medicine prices in Bahrain are expected to drop by up to 50 per cent within the next four months, it has emerged. It was initially thought the major reduction in drug retail prices would not be seen until the end of the year, said

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Pharmacies 'are adjusting prices of medicines'

Pharmacies across Bahrain have been frantically trying to adjust the price of around 5,000 medications on their shelves following orders to reduce their profit margins. The National Health Regulatory Authority (NHRA) has threatene

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Bahrain pharmas petition against price cuts

Bahrain's pharmacies have submitted a petition to the government against moves to slash the retail price of thousands of medicines. They were ordered to reduce their profit margins on around 5,000 products from yesterday, mean

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Bahrain pharmas to sell drugs at old prices

Pharmacy owners in Bahrain have decided to continue to sell medicines at old prices until they reach an agreement with the National Health Regulatory Authority, said a report. At a press Conference attended by about 50 pharmacy ow

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Crude prices to soften by mid-2014: Kuwait

Crude oil prices could soften by mid-2014 due to some weakness in demand, Nizar Al-Adsani, chief executive of state-owned Kuwait Petroleum Corp (KPC), told reporters on Monday. "Prices are still healthy above $100. Demand is

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