Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Fish restaurants back in business  Join our daily free Newsletter

MENAFN - Arab News - 17/08/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab News) Fish restaurants in Jeddah are now doing business in earnest after a long lull throughout the month of Ramadan and Eid.

More and more customers are returning to these restaurants despite complaints about exorbitant fish prices during the holiday season which have increased by more than 50 percent several consumers told Arab News.

'The price of the hammour and najil varieties range between SR90 and SR180 per kilo nowadays' one customer said.

They attributed such high prices to lack of sufficient price monitoring and inspections.

Mohammed Al-Halal a customer said fish restaurants in Jeddah and rest stops on the highway to Madinah raised prices unreasonably during the holiday period.

The price of najil reached SR150 and then spiked at SR180 while groupers cost SR120 a kilo and the 'shaour' variety SR80 to SR90 a kilo he said.

'The price of shellfish such as shrimp and crab squid and lobster also increased tremendously he said with prices double those prevailing before Ramadan and Eid.

Abdullah Shamaa the head of a fishermen's group at Jeddah's central fish market told Arab News that high prices are seasonal but that the prices would stabilize by the end of the month.

'Price hikes are common every year increasing by anywhere between 40 and 60 percent across the board' said Shamaa.

'Several factors account for this increase including lack of supply at the end of Ramadan due to the fact that many fishermen don't go out to sea during the fasting month. The fish market displays between 90 and 160 tons of fish daily 30 percent of which is local produce. Traders try and compensate for the lack of demand in Ramadan by increasing prices.'

'In addition the country's fishermen lack support. They often live in squalid conditions and lack even the most basic requirements prompting many to leave the profession' he said.

Najil fish now comes from other Red Sea countries such as Egypt and Sudan to Saudi Arabia said Shamaa. 'Our fishermen need incentives to be able to continue catching and selling local produce.'


Arab News

  MENA News Headlines
 Oct 6 2015 - IMF says Iran nuclear deal to boost Mideast economyAFP
(MENAFN - AFP) Iran's landmark nuclear deal will lift economic growth in the war-plagued Middle East next year as the rolling back of sanctions brings a rebound in oil exports, the IMF said ...

 Oct 6 2015 - Abu Dhabi s NBAD is 1 for GCC bonds DealogicEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) --- National Bank of Abu Dhabi (NBAD) the Safest Bank in Emerging Markets and the Middle East by Global Finance magazine is ...

 Oct 6 2015 - ADEC offers public school students an After School Support ProgrammeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The Abu Dhabi Education Council ADEC has organised an "After School Support Programme" for students for the 2015/2016 ...

 Oct 6 2015 - Four UAE soldiers martyred in AdenEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The General Command of the UAE Armed Forces has announced the death of four of its brave soldiers in Aden during their ...

 Oct 6 2015 - UAE- Ajman Ruler congratulates Egyptian PresidentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AJMAN 6th October 2015 (WAM) -- H.H. Sheikh Humaid bin Rashid Al Nuaimi Supreme Council Member and Ruler of Ajman has sent a cable of congratulations to the ...

 Oct 6 2015 - UAE Ambassador to Bahrain attends mass weddingEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MANAMA 6th October 2015 (WAM) --- Ambassador of the United Arab Emirates to Bahrain Abdul Redha Khouri recently attended a mass wedding for 202 couples with ...

 Oct 6 2015 - Dubai repays US500 million bonds certificatesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2015 (WAM) -- The Government of Dubai acting through the Department of Finance has announced that the US$ 500 million Fixed Rate Note ...

 Oct 6 2015 - UAE- Emirates Airline offers special A380 fares to a host of destinationsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2016 (WAM) --- Travellers in the UAE gearing up for year-end trips can now enjoy special fares to a host of destinations served by the ...

 Oct 6 2015 - UAE-MENA healthcare providers to spend US2.73bn on IT products services in 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Healthcare providers in the Middle East and North Africa will spend US$2.73 billion on IT products and services in 2015 ...

 Oct 6 2015 - Dhahi Khalfan opens 2015 edition of Critical Communications Middle East in DubaiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Lieutenant General Dhahi Khalfan Tamim Deputy Chairman of Dubai Police and General Security led the opening ceremony of the ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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