BEPZA signs US$30.47m deal for manufacturing hydroponics tent
Green Pure Houseware (BD) Company Ltd, a China (Hong Kong)-based company, will invest US$ 30.47 million to produce Greenhouse Hydroponics Tents-specialised portable enclosed structures designed for soilless plant cultivation-alongside EVA cabinet mats, cartons, and PE packaging films, says a press release. The company has signed a land lease agreement with...
Read more
OPEC+ mulls oil production increase in shadow of war
LONDON, Mar 01 (AFP): As a fresh Middle East conflict risks sending oil prices sharply higher, Saudi Arabia, Russia and six other key members of the OPEC+ alliance are widely expected to announce an output increase Sunday, analysts say.The virtual meeting by the eight members of the Organization of the...
Read more
Marine insurance cos considering canceling, repricing policies in the Middle East
RIYADH, Mar 01 (Arab News): Marine insurance companies are considering canceling or repricing policies in the Middle East, according to the Financial TimesThis comes after the US and Israeli strikes on targets inside Iran, followed by missile attacks and retaliatory military actions in several countries in the region.Marine brokers expect...
Read more
Dubai gold flows curbed as flights halted due to US-Israeli strikes on Iran
LONDON, Mar 01 (Reuters): Physical gold flows to and from Dubai's bullion trading hub will be severely curbed in coming days as airlines cancel flights due to US and Israeli strikes on Iran and Tehran's retaliation, three metals industry sources said.Dubai's trading hub is a major gold supplier to Switzerland,...
Read more
Gulf businesses reel as Iran strikes trigger regional shutdowns
DUBAI, Mar 01 (Reuters) - Iran's retaliatory strikes across the Gulf have triggered the most widespread business disruption in the region since the pandemic, forcing airport closures, halting port operations and sending shockwaves through financial markets.The attacks, launched in response to a joint US-Israeli assault on Iran, landed across every...
Read more
