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Customs Today wishes its readers a very Happy Eid

May the auspicious occasion of Eid, bless you with peace and bring joy to your heart and home. Eid Mubarak! Read More »

Customs Today Issue 24 March to 30 Mach 2020

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Customs Today Issue 17 March to 23 Mach 2020

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Customs Today Issue 10 March to 16 March 2020

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Customs Today Issue 03 March to 09 March 2020

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Customs Today Issue 25 Feb to 02 March 2020

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Customs Today Issue 18 Feb to 24 Feb 2020

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Customs Today Issue 11 Feb to 17 Feb 2020

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Shippers see temporary lull in exports

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with an impact also seen on imports of raw materials to make certain finished products like automotive tyres and face masks. The Thai National Shippers’ Council estimates the outbreak to hit exports of Thai products bound for China to the tune ... Read More »

Toyota SA to invest over R4 billion in car assembly and parts

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s annual State Of the Motor Industry address at Kyalami on Thursday, president and CEO Andrew Kirby said the lion’s share of R2.43bn would go towards the production of a new passenger-car model from October 2021 at the Prospecton plant in ... Read More »

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom are Dutch, were arrested, including the plane’s pilot and some crew members, RTL Nieuws reports. The plane was at the Ezeiza International Airport near Buenos Aires when the drugs were discovered. Local media report that the discovery was made shortly ... Read More »

Solar installs in Europe jump by 88% in 2019 – IHS Markit

Europe added roughly 23 GW of new solar power generation capacity in 2019, up 88% year-on-year, according to preliminary calculations by IHS Markit. The continent’s share of global installations is expected to arrive at 18%, up by six percentage points from 2018. The near doubling of capacity additions was the result of a combination of favourable macro conditions, including a ... Read More »

PM Orbán calls for EU budget to be put on ‘fair footing’

Prime Minister Viktor Orbán called for the European Union budget to be put on a “fair footing”, adding that the current concept includes amendments that shift monies from poorer countries to richer ones. After meeting European Council President Charles Michel in Brussels, Orbán told Hungarian journalists that he foresaw a busy schedule for the next six months, with several unresolved ... Read More »

Oman’s budget deficit falls by 1%

Muscat: The Sultanate’s budget deficit fell 1 per cent to OMR1,896.8 million till the end. The budget deficit for the same period of 2018 was at OMR1,878.4 million, according to the latest data released by the National Centre for Statistics and Information (NCSI). The total revenue of the Oman government fell 2.3 per cent to OMR9,463.4 million for the first ... Read More »

US-Iran Conflict May Disrupt Nepal Economy

The assassination of the Iranian Major General Soleimani by US forces has escalated tensions, globally. Significantly, the incident is expected to have grave repercussions on the economy of South Asian countries like Nepal. Nepal is one of the prominent countries highly dependent on remittances from the Gulf. Around 1.5 million Nepalis are working in the Gulf countries. 600,000 in Qatar ... Read More »

Kuwait’s Jazeera Airways inks $1.3 billion engines deal

Kuwait-based Jazeera Airways has signed an agreement with CFM International to support the LEAP-1A engines that power the airline’s fleet of Airbus A320neo aircraft. The agreement, which is valued at $1.3 billion, covers a minimum of 20 aircraft and five spare engines, with the option of including additional aircraft as Jazeera Airways continues to expand its fleet. Under the terms ... Read More »

QNB’s brand value rises nearly 20% year-on-year to $6.03 billion in 2020

QNB’s brand value has risen nearly 20% year-on-year to $6.03bn in 2020, putting it in a strong position to continue to drive growth in Southeast Asia. QNB’s brand strength index (BSI) also increased to 82 out of 100, up from 79 in 2019, aided by strong financial performance and growing international footprint. “This year’s impressive improvement in brand value and ... Read More »

Canada contributes $15m for Iraqi Women

The Canadian Department of Foreign Affairs, Trade and Development (DFATD) has contributed CAD 20 million ($15 million) in support of UNFPA’s humanitarian response focusing on life-saving assistance aimed at alleviating the suffering of women and girls across Iraq. The three-year contribution will support UNFPA works in providing emergency obstetric care, and sexual and reproductive health services, in ensuring protection from ... Read More »

Arab Bank Group reports net profits of $846.5 million for 2019

AMMAN: The Arab Bank Group closed 2019 with a net income of $846.5 million after tax compared with $820.5 million in 2018, recording a growth of 3.2 per cent. Net income before tax grew to reach $1.15 billion compared with $1.12 billion in 2018, while its equity grew to reach $9.102 billion with a return on equity of 9.3 per ... Read More »

Afghanistan’s Economic Growth Expected To Reach 3.3% In 2020

According to a World Bank report, Afghanistan’s economy has grown by 2.9% in 2019 and is expected to reach 3.3% in 2020. “Navigating a Sea of Uncertainty”, the latest edition of the twice-a-year Afghanistan Development Update examines recent key economic developments and focuses on the impacts of current uncertainties around the outcome of the September 2019 presidential election, levels of ... Read More »