- 13% increase in Egypts trade deficit in November: CAPMAS
Cairo: The deficit in trade balance increased by 13.9% in November 2014, the Central Agency for Public Mobilization and Statistics (CAPMAS) stated in a Sunday report..... More
- 17 big firms to invest $31 billion
Seoul: Samsung Electronics, Hyundai Motor and 15 other big companies have revealed plans to invest a shared 34.4 trillion won ($31.3 billion) in the expansion of production facilities and.... More
- 90% Saudi SMEs fail in first year due to lack of planning
Riyadh: Ninety percent of Saudi small and medium enterprises (SMEs) are prone to fail in their first year due to the absence of durable planning and reluctance of their owners to make feasibility.... More
- Bangladesh's entry into impact investment
Growing up as a daughter of a high ranking civil servant in Bangladesh, I have distinct memories of my father's trip to Paris every year in the 1980s. To me it was exciting.... More
- Bulgarian tobacco producers threaten protests over unfair distribution of subsidies
Sofia: Bulgarian tobacco producers are threatening protests over the unfair distribution of subsidies.
Industry representatives are meeting Sunday in the southern.... More
- Bulgarians completed more tourist trips at end of 2014
Sofia: In the last quarter of 2014 over 790 000 Bulgarian citizens completed tourist trips, the National Statistical Institute (NSI) reports in its latest data, which was released on Friday.
- Canada plans to invest more in Bangladesh
Dhaka: Canada looks to boost its foreign direct investment in Bangladesh to explore opportunities in the steadily growing economy, the Canadian high commissioner in Dhaka said yesterday.
- CCC to conduct seminar on internet business
Colombo: The Ceylon Chamber of Commerce (CCC) will conduct a workshop on internet technology, internet business models and streamlined income via the internet. .... More
- Central Asian migrants leaving Russia
Moscow: When heavy snowfall hit Russia's second city of Saint Petersburg last month it was nothing unusual, but city officials were overwhelmed and scrambled to find anyone to clear the streets..... More
- Denim expo begins in Dhaka next month
Dhaka: The third expo on denim and jeans will kick off in Dhaka on March 1. The two-day show to take place at Radisson hotel will target local and international denim customers,.... More
- DG CV assures PCDMA of examining its proposal
Karachi: Director General of Customs Valuation Mrs. Sumaria Nazir has assured commercial importers that all their issues related to valuation would be examined..... More
- Dubai firm keen to enhance coastal shipping in India
Mumbai: A Dubai-based shipping major is backing the Indian governments ambitious Sagar Mala project, which aims to link the countrys coastal cities, by providing connectivity to all ports..... More
- Efforts to boost trade with Serbia
Tehran: Iranian Ambassador to Serbia Majid Fahimpour said that 2015 is an important year for further economic cooperation between Tehran and Belgrade.
- Egypt among most vulnerable countries in international investment arbitration: ECESR
Cairo: Egypt is one of the most vulnerable countries regarding claims filed through international investment arbitration panels, according to an Egyptian Centre for Economic and Social Rights .... More
- Exporters mull legal options against FBR on refund claims
Karachi: Textile exporters are considering legal options against the Federal Board of Revenue (FBR) after the revenue body closed several claims of deferred sales tax refunds without giving fair.... More
- FDI in India doubles to $2.16 billion in December
New Delhi: Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013.
- Fisheries Department cracks down on illegal fishing activities
Kuala Selangor: The Fisheries Department today urged fishermen in the state to adhere to the Fisheries Act 1985 in order to avoid prosecution under the law..... More
- Flush tourists trigger growth of luxury hotels in Chitwan, Nepal
Chitwan: With an upsurge in the number of domestic and foreign tourists in Chitwan, many tourism entrepreneurs have shown interest in building top-class hotels and resorts in the district.
- Form joint business council to end disputes: Chief Minister
New Delhi: West Bengal Chief Minister Mamata Banerjee yesterday proposed forming a joint business council for quick resolution of disputes in bilateral trade and investment.
- Forty per cent of government money loaned to students will not be repaid: Grattan Institute
Sydney: Almost half of the money loaned by Australian government to students for diplomas and advanced diplomas since 2009 will not be repaid, a Grattan Institute report has predicted.
- Free zones must be turned into export gates: Official
Tehran: Presidential Advisor and Secretary of the High Council of Free and Special Economic Zones Akbar Torkan pointed to facilitation of the production trend, development of export,.... More
- Greece supports Chinese investment at Piraeus Port: PM
Athens: Greek Prime Minister Alexis Tsipras on Thursday praised bilateral cooperation between his country and China and sent best wishes to Chinese people for the Chinese Lunar New Year.
- How to bank anytime, anywhere, but with caution
While using mobile banking, always use official applications on your smartphone which are generated from your bank. Its difficult to imagine life before the era of mobile phones.... More
- India targets $10 billion telecom exports in 5 years
New Delhi: The government is targeting to increase exports of telecom products and services to USD 10 billion (about Rs 62,000 crore) in the next five years..... More
- Int'l environment exhibit opens in Tehran
Tehran: The 14th International Exhibition on Environment themed 'Green Economy, Resistance Economy' opened at Tehran International Fairground on Saturday.
- Investment downgrade had political motivation: Russian finance minister
Moscow: Moody's Investors Service's downgrade of Russia's sovereign rating was based on "factors of a political character," Russian Finance Minister Anton Siluanov said Saturday following.... More
- Iran exports 42.5b worth of non-oil products in ten months
Tehran: Deputy Minister of Industries, Mines and Trade for Trade Affairs Mojtaba Khosrotaj said Iran has exported approximately $42.5 billion of various kinds of non-oil goods in the first ten months of the.... More
- Iran rejects plans to impose fine on Pakistan
Tehran: Iran has never brought up the issue of imposing fine on Pakistan in the IP gas pipeline talks, said the deputy head of the Oil Ministry's directorate for international and trade affairs.
- Italian SMEs may invest in Bangladesh
Dhaka: Bangladesh should focus on exploring its domestic market, in addition to its export markets, while small and medium Italian enterprises can invest here in joint ventures to serve .... More
- Ivory Coast cotton output seen at 500,000 tonnes
Ivory Coast expects to produce around 500,000 tonnes of un-ginned cotton in the upcoming 2015/16 season as attractive prices lure farmers back to the sector, the head of its association of .... More
- Kinnow export: Pakistan Customs told to amend WeBOC module
Islamabad: The Federal Board of Revenue (FBR) has directed Collectors of Customs to immediately amend Web-based One Customs (WeBOC) clearance system module of Duty .... More
- Malaysia extends zero duty on crude palm oil exports
Jakarta: Malaysia is extending the zero duty on crude palm oil (CPO) exports for March based on the newly released CPO gazetted price at 2,232.88 ringgit (US$623.22) per tonne yesterday, which is still below .... More
- Measures sought to boost knitwear exports
Lahore: Inept policies by successive governments not only increased the cost of doing business but also handicapped the countrys knitwear sector to exploit its real export potential..... More
- Mekong Delta predicts seafood export surge
Ha Noi: The Cuu Long (Mekong) Delta provinces expect to export seafood and rice worth US$10.2 billion this year, according to the Can Tho Statistics Office.
The provinces reported $850.... More
- Ministry predicts food prices in Russia to rise 24 percent by July
Moscow: Food price rises will outpace average inflation in Russia and rise up to 23.8 percent in the first six months of this year, according to a forecast from the Economic .... More
- Nepal stares at stagflation as exports plunge
Kathmandu: With two key sources of foreign currencyremittance and exportssuffering, the countrys economy is heading towards turbulent times. .... More
- Nestle plans to hike work hours for Swiss staff
Zurich: Nestle is looking into measures to boost productivity in Switzerland, including increasing working hours, after the central bank removed its cap on the Swiss franc, its Europe chief.... More
- New development model in the offing
Colombo: The government will work towards accruing development dividends to all equally and will reverse negative growth in real terms by deploying a suitable development model.
- Pakistan Customs restricts entry for trade data security
Karachi: Pakistan Customs, facing breach in its foreign trade numbers, has banned fake officials for visiting its premises as a preventive measure for securing the data, officials said on Thursday.
- Poultry operators of Bangladesh to export processed food
Dhaka: The country's poultry industry operators aim to begin exports of locally processed food items made of chicken by 2018 in a bid to grab a pie of the growing ready-to-eat food market in the world.
- PRAL system glitch delaying ST refund to exporters
Karachi: Exporters have drawn the attention of Finance Minister Ishaq Dar towards frequent breakdown in the network of Pakistan Revenue Automation Ltd (PRAL) which is causing delay .... More
- Retail sector has wide potential in Sri Lanka
Sri Lanka's modernised retail business is around 16 percent which is low compared to China's 60 percent and Thailand's 40 percent, IFC (International Financial.... More
- Scores of elderly people tied to beds in unregistered facilities
Tokyo: Scores of elderly people living in sheltered accommodation in Tokyo have been routinely tied to their beds or locked in their rooms, officials said Wednesday, highlighting the plight of.... More
- Shoura passes dress code law for Saudi women TV anchors
Jeddah: The Shoura Council has passed a new law that would make it mandatory for women TV anchorsworking in the Kingdom to wear modest dress and not show off their beauty..... More
- Spain to speed up visa approvals for Chinese tourists
Madrid: Spanish five-star hotels are serving up white rice for breakfast as Spain offers quicker visas and seeks more direct flights from China to tap into the surging wave of Chinese tourists..... More
- Supermarket chains vie to unlock Kenya retail market
Nairobi: When Kaleli Muli needed to buy rings for his wedding, he popped into his local superstore in a suburb of Kenyas capital to avoid the hassle of a trip downtown to find a jeweller..... More
- Thousands of workers underpaid, denied entitlements by Australian employers figures show
Sydney: Thousands of workers are being underpaid wages or denied entitlements by their Australian employers, new figures obtained by the ABC show.
- Tobacco companies resist corrective statement about harms of smoking
Washington: Never underestimate the staying power of big tobacco. In 2006, U.S. District Judge Gladys Kessler ordered the nations largest cigarette makers to publicly admit that.... More
- Turkish economy minister to visit South Korea to boost trade
Ankara: Turkish Economy Minister Nihat Zeybekci will meet South Koreas Trade, Industry and Energy Minister Yoon Sang-jick on Feb. 25 in Seoul to boost bilateral economic ties..... More
- Turkish SEZ to be set up
Islamabad: The Board of Investment on Thursday announced that a Turkish Exclusive Special Economic Zone would be established in Pakistan.
- Uganda regulator proposes new reforms for insurance sector
Kampala: Ugandas insurance regulator is proposing reforms to the sectors laws to improve compliance and compensation for accident victims under the motor third party insurance (MTPI) scheme.
- Uniqlo owner cuts work hours at China factories
Beijing: Fast Retailing Co, Asiafs biggest clothing chain, said two of its China-based suppliers are reducing working hours following a report that criticized the factories making its Uniqlo garments for labor abuses.
- Unlicensed factories dumping low quality iron on market
JEDDAH: The Ministries of Trade and Labor will form a joint committee to prosecute unlicensed iron factories operating without any legal framework and producing low-quality iron for sale in the domestic market. .... More
- US social media pressure forces Etihad Airways to help stranded passengers
New Delhi: The United Arab Emirates-based airline Eithad has found itself in the midst of a social media firestorm over an alleged failure of customer service over the weekend,.... More
- Web of corruption controlling Lebanons Customs department
Beirut: Finance Minister Ali Hasan Khalil admitted Wednesday that clamping down on corruption at the Customs department would be an uphill struggle.
In the Customs department there is web .... More