Ports America, Port Tampa Bay ink amended container agreement

DUBLIN: Facebook Inc.’s future cash flows and results could suffer a major blow if it loses a battle over new...

Man appeals conviction for smuggling €440m cocaine

DUBLIN: The Court of Criminal Appeal has reserved judgment on a bid by a man to secure a fresh appeal...

Angola to spend $1.3bn on ports this year

WASHINGTON: The Angolan government has confirmed that it is to spend more than $1.329bn in 2016 on three port infrastructure...

Companies tax reduction is necessary: Belgium Depty Prime Minister

BRUSSELS: A decrease in company taxes is necessary, but the reduction in tax income must be compensated for elsewhere, warned...

CPEC projects formally exempted from taxes

ISLAMABAD: The federal government has formally exempted the projects under China-Pakistan Economic Corridor (CPEC) from all customs duties, levies and...

FBR exempts sales tax on import of scanners for ANF

ISLAMABAD: Federal Board of Revenue (FBR) has granted sales tax exemption on the import of three body scanner, donated by...

Member Irshad says FBR to pay pending ST refunds by Aug 31

KARACHI: Member Inland Revenue (Operations) Dr Muhammad Irshad Khan has said that the Federal Board of Revenue (FBR) will pay...

Finance Act, 2016: FBR launches new WHT provisions

KARACHI: Federal Board of Revenue (FBR) has introduced various withholding tax provisions through Finance Act, 2016. The new provisions added...

Zero-rating facility on electricity, gas granted to two industrial units

ISLAMABAD: Federal Board of Revenue (FBR) has granted sales tax zero-rating facility on the supply of gas and electricity...

Nissan profit drops

TOKYO: Japanese automaker Nissan Motor Co yesterday reported a ￥136.4 billion (US$30.7 million) profit for the fiscal quarter through last...

Bayer boosts forecasts

BERLIN: German chemicals and pharmaceuticals powerhouse Bayer AG upped its growth forecasts for the year after a strong second quarter...

South Africa producer price inflation accelerates in June

CAPE TOWN: South Africa's producer price inflation accelerated in June after slowing in the previous three months, figures from Statistics...

Iraq seeks Exxon, PetroChina help to develop two oil fields

BAGHDAD: Iraq is negotiating with Exxon Mobil Corp. and Petrochina Co. to develop two oil fields in the south of...

Private sector deemed key driver for growth in MENA

AMMAN: The private sector can be an important driver for growth and rising prosperity in the Middle East and North...

Oman’s crude exports grow 6.3% in H1

MUSCAT: Oman’s crude oil exports grew by 6.3 per cent to 164.57 million barrels in the first half of 2016,...

Unemployment rate 9.3% in June

HELSINKI: The unemployment rate was 9.3 per cent in June 2016, having been 10.0 per cent one year before, according...

Poland’s first offshore wind farm planned

WARSAW: The Polenergia group is planning to build Poland’s first Baltic Sea offshore wind farm. The groups wants to erect...

Ukraine intends to sign double taxation avoiding agreement with Malaysia

KIEV: Ukraine's Cabinet of Ministers has approved a draft agreement on avoiding double taxation and preventing tax evasions with Malaysia....

Ukraine cuts rates for fourth month as inflation inches down