Year: 2015

KARACHI: Pakistani rupee strengthened against US dollar in interbank, however, it lost value in open market. According to local currency ...

KSE-100 Index reverses initial losses, reaches 31285.46 points from 31199

KARACHI: The Karachi Stock Exchange witnessed fluctuation as benchmark KSE-100 Index reversed some initial losses but still faced 25.27-point loss ...

Norwegian fund dumps investments in Australian coal companies

OSLO: World’s richest sovereign wealth fund has rid itself of investments in Australian coal companies, highlighting the environmental impact of ...

Indonesia exports to Egypt jump 21.71%

JAKARTA: The value of Indonesian exports to Egypt rose by 21.71 percent to US$1.34 billion throughout the 2014 fiscal year ...

Four jailed for 20 years on £4 million VAT fraud: UK Customs

LONDON: Four men from London have been jailed for a total of 20 years after HM Revenue and Customs (HMRC) ...

Facebook is now working on ‘Phone’ app to block unwanted calls

NEW YORK: Facebook is now working another user-friendly app, which is similar to the Truecaller app. A report by Android ...

Dutch East India first multinational company in Sri Lanka

AMSTERDAM: On the 20 March 1602 the Dutch East India Company, perhaps, the first multinational company was founded. “Verenigde Oostr–Indische ...

Blackberry’s BBM Protect for Android, iOS high-security messaging app allows users to chat without fear of hacking

OTTAWA: Blackberry has introduced BBM Protect for Android and iOS devices. The new product is a high-security messaging app that ...

Facebook intends to host news content of The New York Times, Buzzfeed, National Geographic

SYDNEY: Facebook is in talks with news agencies to host their content on its platform. The company will offer them ...

Foxtel’s iQ3 recorder facilitates users to watch all Freeview digital free-to-air channels

SYDNEY: Foxtel's iQ3 recorder facilitates users to watch all the Freeview digital free-to-air channels and also get Catch Up access. ...

Turkish Koza LTD company to explore gold in Ireland

byM Arshad

ANKARA: Koza Gold’s subsidiary Koza LTD and Ireland-based IMC Exploration Limited have signed a deal to explore gold and silver ...

Turkey to delay delivery of two A400M MT aircraft ordered from Airbus

ANKARA: Turkey is preparing for further delays in the delivery of two A400M military transport aircraft it ordered from Airbus ...

German trade surplus soars to record high of 216.9 billion euros in 2014

BERLIN: Germany’s controversial trade surplus reached a new high in 2014. Economists say the trend is continuing this year, as ...

Dubai Chamber of Commerce to organise UAE-Belgium Business Forum

BRUSSELS: The Dubai Chamber of Commerce and Industry is organisingthe UAE-Belgium Business Forum at The H Hotel on the side-lines ...

Qatar Sheikh Faisal bin Qassim, Belgium Minister sign pacts to bolster trade ties

BRUSSELS: Fresh efforts at bolstering economic and trade relations between Belgium and Qatar kicked-off on a high note as Belgium’s Princess ...

PYMA welcomes cut in mark-up rate by 50bps from 8.50pc to 8pc

FAISALABAD: The Pakistan Yarn Merchants Association (PYMA) has welcomed the 50 basis point cut in mark-up rate by the State ...

Interest rates up to 7.62pc in dollars: Sberbank clients get more facilities

Moscow: “Sberbank Premier” and “Sberbank First” service packages’ clients can now place funds in deposits not only in Sberbank branches, ...

RBC earnings up by 8 percent to record $9 billion in 2014

TORONTO: RBC earned a record $9 billion in 2014, up 8 per cent from last year with strong return on ...

Citi to launch new banking app on April 24