Canada’s Trudeau government quietly greenlights arms exports to Saudi
TORONTO: Canada’s foreign affairs minister signed off on export permits for a controversial $15bn weapons deal with Saudi Arabia, a...
Norway reaffirms corporate tax cut pledge
OSLO: Norwegian Finance Minister Siv Jensen has said that Norway's corporate tax is too high and should be reduced as...
Pepsi-Cola’s net income reaches P810m as revenues rise 7%
MANILA: Softdrinks maker Pepsi-Cola Products Philippines Inc. said Tuesday net income in 2015 stood flat at P810 million, on higher...
Attock Petroleum’s profits up by 21.5% to Rs2.37b in nine months
KARACHI: Attock Petroleum Limited’s profits have increased by 21.5 per cent to Rs2.37 billion during the first nine months of...
Greek electronic appliances chain declares bankruptcy
ATHENS: Greek electronic appliances chain Elektroniki Athinon has declared bankruptcy following a court decision on Wednesday. The company’s 45 outlets...
Kenya’s wheat imports hit Sh35.6 bln in last year
NAIROBI: Kenya's wheat imports hit Sh35.6 billion last year amid rising concerns by local farmers that millers are overlooking their...
EU says 6,000 companies worldwide will have to disclose tax details
BRUSSELS: European Union authorities called on Tuesday for 6,000 of the world's largest companies to reveal the tax they pay...
SBP generates Rs57.57 billion through T-bills auction
KARACHI: The State Bank of Pakistan (SBP) has generated Rs57.57 billion in an auction of the market treasury bills. The...
The Netherlands ‘notorious’ in EU tax evasion talks: FD
AMSTERDAM: The Netherlands has for years waged a campaign to keep the tax advantages it offers multinationals despite EU efforts...
Fair taxation, transparency on agenda for Germany’s G20 presidency: Merkel
BERLIN: German Chancellor Angela Merkel said here the other day that ensuring financial transparency and fair taxation would be on...
Govt to guarantee Rs100b sukuk bonds fund Neelum-Jhelum project
DUBAI: With the aim to overcome power crisis, the government has decided to guarantee Rs100 billion worth of sukuk bonds...
Hungary to promote business in western Ukraine with eur 6.4m
BUDAPEST: In 2016, the government will ensure a total 2 billion forints (EUR 6.4m) in grants to promote businesses in...
India iron ore imports container 63% in FY16 to 5.6 mt
NEW DELHI: Iron ore imports by the country plummeted 62.9 per cent to 5.6 million tonne in 2015-16 compared to...
Finance ministry gives NAB its Rs 411m share
ISLAMABAD: The Finance Ministry has given the National Accountability Bureau (NAB) its share of Rs 411 million from the money...
Govt raises import tariff value of gold, silver
NEW DELHI: The government today increased the import tariff value on gold and silver to $408 per 10 gram and...
NanoMech receives $10 mln investment from Saudi Aramco energy ventures
RIYADH: NanoMech announced today that it has secured $10 million in capital for leading its Series C Financing round from...
Coal enterprise stops coal sales after threats
AIBAK : The coal enterprise in the northern zone has stopped selling coal extracted from the Shabashak coalmine in northern...
Economic weakness sees tax revenue contract 7.8%
TAIPEI: Tax revenues last year totaled NT$149.5 billion (US$4.62 billion), contracting 7.8 percent from a year earlier, as the nation’s...
EU, Iran to mull possibility of gas import
TEHRAN: The European Union and Iran will discuss the possibility of importing gas from this country, TASS news agency reported....
French hotel giants Accor to plant veg to cut food waste
PARIS: AccorHotels has announced it would plant vegetable gardens at many of its hotels and aims to cut food waste...
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