Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Madinah firewood markets flourish as cold snap bites  Join our daily free Newsletter

MENAFN - Arab News - 06/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The onset of winter in the Kingdom witnesses a flourishing firewood and coal trade given the low temperatures although its volume varies in different parts of the country.

Prices of firewood in coastal cities are much lower compared to the mountainous and arid regions. In Madinah for example, where there is a significant drop in temperatures, firewood and coal are in high demand with wood being most popular, particularly Qhardh and Samr, which are considered to be of the finest quality. "These types of wood come from an arid environment and therefore the logs are solid and strong which indicates quality," said Fawwaz Al-Harbi, a trader.

A firewood and coal trader Muawad Al-Muzaini said that this quality of wood is pricier than others because of its ability to retain heat longer.
"Demand is higher in the early winter season which is called the Al-Marbaniya season, the traditional name for this time of the year. The demand for wood brings along with it the sales of appliances including coal holders, coal tongs and other related items," he said.
Al-Muzaini said that he receives coal and wood in large unseemly blocks which have to be cleaned before they can be used. His workers chop them into smaller pieces and clean them before displaying them to customers.

Humaidan Al-Harbi, a customer said he buys traditional coal because his parents prefer it to heat their homes, adding that he thought the prices were reasonable. "What was being sold at SR80 before is now selling at a little less than SR120."

Although the government is moving toward limiting the sales of locally produced wood to preserve the environment, people continue to prefer this quality of firewood to the imported variety from neighboring countries.

 


Arab News




  MENA News Headlines
 Dec 22 2014 - Mashreq Qatar appoints Hoogendoorn as country headGulf Times
(MENAFN - Gulf Times) Mashreq Qatar has appointed Henk Jan Hoogendoorn (pictured) as its new country head.He will be responsible for leading Mashreq Qatar in providing customers with "the most ...

 Dec 22 2014 - Public sector pulls down Qatar banks' November credit growthGulf Times
(MENAFN - Gulf Times) Pulled down by the public sector, the local banks' total credit growth declined 0.1% month-on-month (MoM) in November, QNB Financial Services has said in an update.On the other ...

 Dec 22 2014 - Qatar- Ooredoo offers SMBs smart technology with 'Cloud Marketplace'Gulf Times
(MENAFN - Gulf Times) Ooredoo has launched the Ooredoo 'Smart Cloud Marketplace', enabling small and medium-sized businesses (SMBs) to enter Qatar's smart technology market.On the marketplace's ...

 Dec 22 2014 - Domestic credit growth of Qatari banks may average 17% up to 2017Gulf Times
(MENAFN - Gulf Times) Qatari banks' domestic credit growth may average 17% up to 2017, propelled by the main beneficiaries of the government's ongoing investment drive, shows a new report.The ...

 Dec 22 2014 - Qatar- Rebounding oil price sees index riding highGulf Times
(MENAFN - Gulf Times)  The rebound in oil prices had its positive spillover in the Qatar Stock Exchange, which on Sunday saw about 63% of its listed stocks either touch the 10% upper circuit filter ...

 Dec 22 2014 - Mideast insurers have strong risk-adjusted capital, says AM BestGulf Times
(MENAFN - Gulf Times) Insurers in the Middle East in general and those in the Gulf countries have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance ...

 Dec 22 2014 - Mideast aviation firm plans budget airline in ThailandGulf Times
(MENAFN - Gulf Times) Dubai-based Transworld Aviation (TWA), a supplier of aircraft parts and aviation maintenance services and the first Middle East company of its kind with a presence in Southeast ...

 Dec 22 2014 - NDSQ to build 11 boats for new portGulf Times
(MENAFN - Gulf Times) Nakilat Damen Shipyards Qatar (NDSQ) will build construct 11 workboats, which indicate the domestic capability in the maritime industry.In this regard, NDSQ has signed an ...

 Dec 22 2014 - GCC fiscal balance to be affected by falling oil pricesMENAFN
(MENAFN) According to a report by Standard Chartered, Gulf countries' fiscal balances and growth are going to be impacted due to the drop in oil prices and the possible cuts in production in 2015 if ...

 Dec 22 2014 - USD stable against Kuwaiti dinar at KD 0.292Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The USD exchange was stable against the Kuwaiti dinar in Sunday's trading at KD 0.292 while the euro dropped to 0.357, compared with Thursday's rates, said the ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help