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BY MARK GODFREY

IT has been a bad year to be a fuel retailer in China. Local retailing leader Sinopec has had its profits squeezed by government price controls on petrol prices. Prices at Chinese pumps have risen by 9% in the last 12 months, even though the cost of crude has jumped 40% in the same time span.…

BY KEITH NUTHALL

THE EUROPEAN Union (EU) Council of Ministers has swiftly approved the re-establishment of anti-dumping duties on imports of polyester staple fibres from Belarus, China, Saudi Arabia and South Korea. Ministers agreed with the European Commission that lifting them would lead to further dumping of this yarn on EU markets.…

BY PAUL COCHRANE, in Beirut

THE KUWAIT Project, the country’s multi-billion dollar plan to boost oil production capacity to 4million/bpd (barrels per day) by 2020, is still lagging way behind schedule, with the opposition in its parliament preventing progress while international oil companies are getting cold feet due to the delay.…

BY KENCHO WANGDI, in Thimphu, Bhutan; JUHEL BROWNE, in Port of Spain, Trinidad; BILL CORCORAN, in Johannesburg; and KEITH NUTHALL

THE RISING price in oil has hit the prosperity of many companies, communities and countries, but it is the world’s poorest people, living in what the United Nations calls least developed countries that are suffering the most.…

By Paul Cochrane, Beirut

And with Lebanese political leaders looking to outside powers to consolidate their domestic position, whether you are pro- or anti- Western depends on the politics of the day.
But that, like any brief summary of Lebanon, is a simplification, as although the Hizbullah led opposition is ostensibly anti-Western, strongly backed by Iran and ardently anti-Zionist, fellow opposition party the Free Patriotic Movement (FPM) is predominantly Christian and pro-Western.…

BY PAUL COCHRANE, in Damascus and Beirut, and HELENA FLUSFELDER, in Jerusalem

INTRODUCTION AND THE GULF

THE DENIM sector in the Middle East is as diverse as it is fragmented, with strong demand in the Gulf and Israel for major brand names and the latest trends, while in the less economically developed parts of the Levant international brands are of less importance than style.…

BY MARK ROWE

WHEN the European Union’s (EU) energy Commissioner Andris Piebalgs, visited Turkmenistan last autumn it served notice that this central Asian ex-Soviet republic had come in from the cold. Once a pariah on the international stage, because of the activity of its crazed former president Sapamurat Niyazov (NOTE – SPELLING IS CORRECT), Turkmenistan has become something more than a bit player in the international energy sector.…

BY PAUL COCHRANE, in Beirut, and HELENA FLUSFELDER, in Jerusalem

THE DRINKS market in the Middle East continues to increase on the back of population growth, economic development, improvements in distribution and retail, and more aggressive advertising campaigns.

But like much of the rest of the world, younger and better educated market segments within the region are shifting away from carbonated soft drinks (CSD) towards fruit juices and bottled water as people become increasingly health conscious according to independent industry analysts and the drinks sector.…

BY LUCY JONES, in Dallas; ALAN OSBORN, in London; KARRYN CARTELLE, in Tokyo; BILL CORCORAN, in Johannesburg; PAUL COCHRANE, in Beirut; RACHEL JONES, in Caracas; MARK ROWE; and KEITH NUTHALL

WITH the World Trade Organisation’s (WTO) Doha Development Round being slow to proceed since its 2001 launch – and only this year approaching something resembling and end game – free traders wanting to encourage global commerce have looked to bilateral and regional trade deals.…

BY KEITH NUTHALL

WITH the World Trade Organisation’s (WTO) seven-year-old Doha Development Round maybe drawing towards a close, the pharmaceutical industry might start to consider that a final deal could lead to the elimination of most import duties on drugs and medicines, traded worldwide.…