Friday 1 August 2014
 
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China's oil imports from Iran rise 50pc

China's crude imports from Iran in the first half of the year were up nearly 50 per cent, although shipments in June dropped nearly a third from May to the lowest level in four months. &nb

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Kuwait looking to import gas from Iran

Kuwait's oil minister said his country was looking to sign an agreement with Iran to secure much-needed natural gas supplies.   The minister's comments to the state news agency Kuna late on Sunday came on

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Egypt battles energy crunch with AC import ban

Egypt, grappling with an energy crunch, will enforce a ban on the production and import of air conditioners that can be set lower than 20 degrees Celsius, aiming to reassure citizens and industry hit with power cuts and fuel shortages.

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Tea import-export trends in focus at Dubai forum

The latest international import and export trends of tea trade were discussed at an ongoing meeting of more than 300 delegates from over 30 tea producing and consuming nations in Dubai.   The fifth Global Dubai T

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Australian sheep imports resume in Bahrain

A consignment of Australian livestock is on its way to Bahrain for the first time since authorities Down Under banned exports more than a year-and-a-half ago.   Bahrain was blacklisted after it turned away a ship

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Saudi barley reserves at 4m tonnes

Saudi Arabia, one of the world's largest barley importers, has a strategic reserve of four million tonnes to last the kingdom for around eight months, a Gulf-based industry source with knowledge of the matter told Reuters. &nb

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Dubai plans to set up world's first Islamic exim bank

Dubai's government will consider establishing the world's first fully sharia-compliant export-import bank to promote the emirate's foreign trade, the Department of Economic Development said on Wednesday.  

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Kuwait Q3 trade surplus hits $23bn

Kuwait's foreign trade surplus widened to 6.4 billion dinars ($22.7 billion) in July-September from a revised 5.9 billion dinars in the previous quarter, data from the Central Statistical Bureau showed on Sunday. Export

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Egypt wheat supplies enough to last until June

Egypt's new supplies minister said its wheat stocks were enough to last until June after it had imported 4.5 million tonnes since July. Khaled Hanafi, who was appointed last week, also said at a press conference in Cairo on Mo

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Sheep imports set to resume in Bahrain

Bahrain will soon receive its first consignment of Australian sheep after being frozen out for nearly 20 months. The country has been hit with a series of meat shortages since August 2012 when it turned away 21,000 Australian shee

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