Untapped insurance premium volume can reach $12bn
DOHA: Minister of Finance H E Ali Sherif Al Emadi yesterday said that Qatar’s insurance sector has huge growth potential...
Kuwait authorities arrest ten on drug trafficking charges
KUWAIT: Narcotics detectives filed 10 drug trafficking and importing cases in the period of March 2-8, 2016 and arrested five...
Malaysia hikes April CPO export duty after 11 months of zero tax
KUALA LUMPUR: Malaysia raised its tax on crude palm oil (CPO) exports to 5 percent for April, a government circular...
Pak rupee remains firm against dollar
KARACHI: The Pakistani rupee Tuesday slightly strengthened against the US currency in open market and firm in interbank. As per...
Singapore port container volumes fall by 7.7% in Feb
SINGAPORE: The port of Singapore has handled lower container volumes in February, according to preliminary estimates from the Maritime and...
CCP issues show-cause notice to P&G over deceptive marketing
ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued a show-cause notice to Proctor & Gamble Pakistan (Pvt.) Limited for...
Brazil’s economic activity unexpectedly shrinks in Jan
BRASÍLIA: Brazil’s economic activity unexpectedly contracted in the beginning of 2016 and economists forecast a deeper recession for this year...
Slowly but surely, foreign investors returning to Russia
MOSCOW: Portfolio investments in Russian assets are on the rise; for the second week in a row, Emerging Portfolio Fund...
Russia to feed China via online commerce
MOSCOW: Russia and China plan to create an online platform that will allow Russian producers to sell fresh food products...
US Cutoms seizes 172 pounds of marijuana
PRESIDIO: U.S. Customs and Border Protection Office of Field Operations officers working at the Presidio port of entry seized 172...
US Customs seizes drugs, nabs culprits
SALTON CITY: El Centro Sector Border Patrol agents assigned to the Indio and El Centro stations arrested two people for...
Japan’s industrial production increase 3.7% in Jan
TOKYO: Industrial production in Japan rose 3.7 percent in January from the previous month, the Ministry of Economy, Trade and...
Joint interagency Task Force seize 1,200 pounds of cocaine worth $16m
JACKSONVILLE: U.S. Customs and Border Protection, Air and Marine Operations (AMO) aircrews detected a vessel carrying more than 1,200 pounds...
Tax evaders in sights
LONDON: Chancellor of the Exchequer George Osborne is to use the budget he unveils to announce a crackdown on the...
Indian markets to grow over 10% in 2016
NEW DELHI: Glenwyn P Baptist, chief executive officer and chief investment officer at Pramerica International Investments, believes global markets could...
UK goods trade gap with EU to hit ￡8.1bn in Jan
LONDON: The nation’s goods trade gap with the EU widened to a record, with exports in the last three months...
Govt achieved economy targets in Jul-Dec: IPR report
ISLAMABAD: The Institute for Policy Reforms (IPR), in its report on the country’s economy for the period from July to...
Turkey’s unemployment rate rises to 10-month high of 10.8% in Dec
ISTANBUL: Turkey's unemployment rate rose to a 10-month high of 10.8% in December from 10.5% in November, the state statistics...
Jindal Power sells 4.12% stake in Indian Energy Exchange
NEW DELHI: Debt-ridden power producers Jindal Power and Reliance Infrastructure are selling their stake in India Energy Exchange (IEX) to...
India’s trade deficit with China swells to $51.9b in 2015
NEW DELHI: India's trade deficit with China increased to $51.86 billion with a bilateral trade of $71.22 billionin 2015, Parliament...
