Latest news with #post-Eid
Arab Times
3 days ago
- Business
- Arab Times
Despite High Supply, Sacrificial Sheep Prices Remain Elevated In Kuwait
KUWAIT CITY, June 1: As Eid Al-Adha approaches, the demand for sacrificial sheep has led to a notable increase in prices across Kuwait's livestock markets. Prices for sacrificial animals now range between KD 100 and KD 180, depending on factors such as breed, age, and origin. A seasoned worker at a prominent sheep market in Jleeb Al-Shuyoukh reported that sacrificial animals are plentiful this year from multiple sources, leading to relatively lower prices compared to last year. He attributed this to increased supply, despite the special requirements for sacrificial animals — free from defects and of a specific age. He noted that traders invest months preparing animals for the season, aiming for modest profits of around KD 10 per animal. Another trader explained that while prices vary from KD 100 to KD 180, public attention tends to focus only on the highest prices. He cited factors such as high feed costs and losses due to weather as contributors to price fluctuations. He expressed optimism given the ample supply. A Sudanese seller with stock from four different countries said this year's market has more options, with sheep sold both in markets and directly from barns. He emphasized the wide availability as a positive for buyers. However, not all feedback was optimistic. A Kuwaiti shopper criticized the high prices, saying that despite government subsidies on feed and livestock facilities, prices continue to rise. He urged better regulation to prevent monopolistic practices. Another Kuwaiti citizen echoed similar concerns. He claimed local traders have lost control over the market, now dominated by expatriate sellers who manipulate prices. He said genuine local sellers offer lower prices in personal barns, though their quantities are limited. He argued that prices should range between KD 90 and KD 120, noting that post-Eid prices often drop by 20 to 30 dinars. A local resident also voiced frustration, calling for stricter government oversight. She pointed out that while sacrificial animals are widely available from several countries, prices remain unjustifiably high. Previously able to purchase up to six animals, she now plans to buy fewer due to inflated costs, citing a Syrian Naimi priced at KD 1,000. Despite high supply, market prices have not adjusted accordingly, with calls mounting for regulatory intervention to protect consumers during the holiday season.
Arab Times
3 days ago
- Business
- Arab Times
Kuwait's Eid livestock market sees price hike despite supply surge
KUWAIT CITY, June 1: As Eid Al-Adha approaches, the demand for sacrificial sheep has led to a notable increase in prices across Kuwait's livestock markets. Prices for sacrificial animals now range between KD 100 and KD 180, depending on factors such as breed, age, and origin. A seasoned worker at a prominent sheep market in Jleeb Al-Shuyoukh reported that sacrificial animals are plentiful this year from multiple sources, leading to relatively lower prices compared to last year. He attributed this to increased supply, despite the special requirements for sacrificial animals — free from defects and of a specific age. He noted that traders invest months preparing animals for the season, aiming for modest profits of around KD 10 per animal. Another trader explained that while prices vary from KD 100 to KD 180, public attention tends to focus only on the highest prices. He cited factors such as high feed costs and losses due to weather as contributors to price fluctuations. He expressed optimism given the ample supply. A Sudanese seller with stock from four different countries said this year's market has more options, with sheep sold both in markets and directly from barns. He emphasized the wide availability as a positive for buyers. However, not all feedback was optimistic. A Kuwaiti shopper criticized the high prices, saying that despite government subsidies on feed and livestock facilities, prices continue to rise. He urged better regulation to prevent monopolistic practices. Another Kuwaiti citizen echoed similar concerns. He claimed local traders have lost control over the market, now dominated by expatriate sellers who manipulate prices. He said genuine local sellers offer lower prices in personal barns, though their quantities are limited. He argued that prices should range between KD 90 and KD 120, noting that post-Eid prices often drop by 20 to 30 dinars. A local resident also voiced frustration, calling for stricter government oversight. She pointed out that while sacrificial animals are widely available from several countries, prices remain unjustifiably high. Previously able to purchase up to six animals, she now plans to buy fewer due to inflated costs, citing a Syrian Naimi priced at KD 1,000. Despite high supply, market prices have not adjusted accordingly, with calls mounting for regulatory intervention to protect consumers during the holiday season.
Zawya
21-04-2025
- Business
- Zawya
Post-Eid recovery masks downward pressure on air cargo demand
Global tonnage improved +3% in the April 7 to April 13 period after the previous week's drop of -7% as markets that had closed for the Eid-Al Fitr holiday came back on stream, but comparison with last year's developments for this holiday indicates that this constituted less than half of the decline in week 14, which suggests that demand has been further afflicted by uncertainty about the trade conflict triggered by the US government, according to WorldACD. After the Eid holiday volumes rebounded in double-digit percentages week on week (WoW) out of Africa (+13%) and Middle East & South Asia (MESA, +12%), while tonnage increased +4% out of Asia Pacific and +3% out of Central and South America, whereas Europe and North America origins registered declines of -1% and -2% respectively, it stated. The comparison of the last two weeks with the previous two weeks shows a worldwide decline of -6% in chargeable weight, down from a -4% 2Wo2W slip in week 14. However, year on year (YoY) global tonnage was at +9%, based on the last two weeks, up from a +7% in our previous report, but this positive trend is caused by the Eid festival that took place in week 15 last year, it stated. According to WorldACD, the upward momentum in worldwide pricing seen in recent weeks hit a wall, retreating from $2.50 in week 14 to $2.48 (-1%), which slowed the 2Wo2W momentum from +3% last week to +2%. The uncertainty over trade conditions has caused companies to postpone investment and sourcing decisions until there is more clarity, and in some cases to cancel orders. This has dented demand, while capacity increased +1% on a 2Wo2W basis. Compared to a year ago pricing in week 15 was still slightly up (+2%), based on the more than 500,000 weekly transactions covered by WorldACD's data. North America was the only origin region that registered increased pricing week on week, up +4%. Rates were flat out of Europe and Central & South America, and fell by -2% from Asia Pacific, -3% from Africa and -4% from MESA. The -2% WoW rate decline out of Asia Pacific was largely the result of the post-Eid recovery of traffic within the region and to MESA, that have lower-than-average rates, also driving down the global average rate. Pricing from Asia Pacific to North America rose +6% on a 2Wo2W basis, while tonnage on the sector sank -5%, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
07-04-2025
- Sport
- Daily Tribune
Harris triumphs with net 60 in BMMI Heineken Medal
Darren Harris delivered a stellar performance, carding a net 60 to claim victory in the BMMI Heineken Medal, narrowly surpassing Susan Scott's impressive net 63. Nasser Yaqoob Saleh secured the best gross round with a solid 69, reinforcing his status as a strong contender for the upcoming Bahrain Open. Held on Friday, April 4, the tournament marked the first post-Eid competition, setting the stage for the 60th Bahrain Open and 36th Bahrain Ladies Open on April 18-19. Scott set an early benchmark with a gross 83 (net 63), but Harris's consistent play—featuring pars and bogeys—culminated in a career-best gross 82 (net 60). Mohamed Ali Al Kowari won Division One with a net 68, while Dowon Pyun edged Sun Kyu Kwak on countback in Division Two, both finishing with net 67. Ali Musbah took second in Division One (net 70), and Shuvendu Bakshi was runner-up in Division Three (net 67), though Scott dominated the category. Prizes, including the Russell Cup and Memorial Trophy, were presented by Captain Steve Newall and Tournament Directors Nathan Sundaresan and Rashed Fares Al Qutami. BMMI's continued support was acknowledged for ensuring another successful event.
BBC News
03-04-2025
- Politics
- BBC News
Litter pickers say rubbish in Birmingham park is piling up
Litter pickers who organised a community clear up at park in Birmingham said the rubbish piling up is higher than ever. Sadia Khan, chair of Friends of Spark Green Park, told the BBC that volunteers have been collecting almost quadruple the amount of litter amid the current bin strike in the city. She said: "We usually have three bags of litter over a two hour litter picking session, and now it's 10 to 12 bags."The group, who also took part in an annual post-Eid litter pick on Tuesday, said the park is baring the brunt of commercial and residential waste piling up on the streets due to the strike. The prime minister has condemned the all-out bin strike in Birmingham as "completely unacceptable".Sir Keir Starmer told the Commons during Prime Minister's Questions that he also supported the city council's decision to declare a major Liberal Democrat group on the city council have called for the resignation of Chief Constable Craig Guilford if more resources aren't found to police it. But Mr Guilford told BBC Radio WM that West Midlands Police are policing the bin strikes correctly. He told listeners: "Our job is to facilitate people's rights to lawfully and peacefully protest, but also to facilitate other people's rights who may want to go to work."It is important we make sure we maintain that middle ground."We have to balance people's competing rights, it is very important we do that, and are seen to do that, by the public."We all hope, and I do as Chief Constable, that this dispute is brought to a swift conclusion."There is an estimated 17,000 tonnes of uncollected rubbish in Birmingham since the all out strike began, which is entering its fourth week. Ms Khan said the group have found fly-tipping waste, as well as builder's waste in the Khan said: "Its so hard for our littler pickers to remove rubble and brick. It is getting a lot more of a nuisance. There's rats you can see in broad daylight."We have a lot of businesses in the Balti Triangle that are food commercial businesses and it's a worry for them, as well as public health and our own mental health seeing litter daily."It's depressing, it shouldn't be the norm. Children shouldn't have to wade through it on their way to school." Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.
