EBay will expand its Global Shipping Program from 44 to 53 countries on April 8, with the addition of Saudi Arabia, Ukraine, United Arab Emirates, Kuwait, Qatar, Bahrain, Croatia, Malaysia and Turkey. The program lets U.S. sellers send their goods to a shipping center in Kentucky, where partner Pitney Bowes takes over responsibility for shipping them overseas.
Children's confectionery novelty brand Sweet Cred says it has finalized business deals that top $9 million in value. The U.K. company is expanding in the Middle East and has seen strong interest in its products from companies in Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates.
Dlush Beverage Joint, which opened its first location in San Diego in 2001, is expanding in the Middle East. A master franchise agreement gives Alghanim Sons Group rights to establish Dlush shops in Kuwait, the United Arab Emirates, Bahrain, Qatar, Lebanon and Saudi Arabia.
About 59% of business people from Saudi Arabia, Qatar, Oman, Bahrain, Kuwait and the United Arab Emirates anticipate that their currencies will be revalued in 2008, a survey by HSBC Holdings found. "Inflation, human resources and currency valuations have emerged as the major issues facing the region," Antoine Cahuzac of HSBC said.