Buraidah Date Festival in ‘auctioning’ phase

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An auctioneer is also required to be good in describing and marketing the goods and to know some foreign words to attract the attention of buyers. (SPA)
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An auctioneer is also required to be good in describing and marketing the goods and to know some foreign words to attract the attention of buyers. (SPA)
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An auctioneer is also required to be good in describing and marketing the goods and to know some foreign words to attract the attention of buyers. (SPA)
Updated 18 August 2019

Buraidah Date Festival in ‘auctioning’ phase

  • As the date season approaches each year, the brokerage market is activated and traders seek to nail the services of distinguished auctioneers

RIYADH: The “auctioning” phase is one of the primary stages in the process of buying and selling dates, with a direct impact on prices. It contributes to introducing the types and merits of dates, and the selling of them.
During the Buraidah Date Festival, an auctioneer plays an important professional role, and is chosen by traders before the beginning of the purchasing and sale season, by offering several in-kind and financial bids and advantages to find a distinguished auctioneer with special skills.   
Agricultural marketing institutions and date merchants make sure to choose an auctioneer that fits their list of individual skills and specifications.
As the date season approaches each year, the brokerage market is activated and traders seek to nail the services of distinguished auctioneers. Agreement contracts vary based on the capacities and skills of the chosen auctioneer.
Dr. Mansour Al-Mushaiti, managing director of Buraidah Festival, said that the auctioning profession relies on a number of skills and specifications that traders make sure to obtain to ensure a successful marketing of their goods.
Al-Mushaiti said that the auctioneer is required to have skills that include a special baritone, quick and agile physical activity, a distinguished way of wearing the costume (ghutra and agal), fluency in the spoken dialect and a rich vocabulary.
An auctioneer is also required to be good in describing and marketing the goods and to know some foreign words to attract the attention of buyers.          


Houthi attack on Saudi Aramco facilities act of terror: Japanese defense minister

Updated 16 September 2019

Houthi attack on Saudi Aramco facilities act of terror: Japanese defense minister

TOKYO: Taro Kono, the defense minister of Japan, said that threats to his country’s oil supply was the “most worrying scenario” he could imagine in international relations, in the wake of attacks on Saudi Arabian oil production facilities. 

“The most pessimistic scenario right now is that something happens in the Straits of Hormuz and the oil supply gets cut down, and that would send a shock wave through the global economy. I think the price of oil is already rising after this attack on Saudi facilities, so that’s the most worrying scenario right now,” he told a conference in Tokyo, Japan.

However, speaking on the sidelines to Arab News, he insisted that Saudi Arabia would remain a reliable partner of Japan - which imports around 40 per cent of its crude from the Kingdom - and downplayed concerns about long-term supply problems.

“Saudi has been and will be an important source of our energy supply. We have international co-ordination, and we have reserves, so we are not really worried about that,” he said. 

Kono, who was until recently Japan’s foreign minister, said that his country would be seeking to promote diplomatic solutions to the latest Middle East conflagration. "We definitely need to ease the tension between those countries. As Foreign Minister, the last thing I was doing was calling the Iranian Foreign Minister and the French Foreign Minister to ease the tension the region through diplomatic actions, and I think it's important to continue doing it.

“This Houthi attack on Saudi is a little different, because it's a terrorist attack. I think we may require some kind of military operation against those drone attacks, and that's something out of Japan's constitutional boundary. I think Japan will be focusing on diplomatic efforts in easing tension in the region.”

He raised concerns about the apparent lack of sophistication in the recent attacks. “If it is really drones, that is a lot cheaper than any form of conventional missile,” he said.