Steel shipments rise by 7.2% in Jan
WASHINGTON: American steel mills shipped 7 million net tons of steel in January, a 7.2 percent increase over December. However,...
Sri Lanka probes loss of revenue from unused port weighbridge
COLOMBO: Sri Lanka’s ports and shipping minister Arjuna Ranatunga has ordered a probe into revenue losses caused by non use...
Portuguese exports rise by 0.7%
LISBON: Portuguese exports rose by 0.7% against a 0.3% increase in imports in the three-month period through to January of...
Kuwait Customs foils attempt to smuggle diamonds
KUWAIT: Customs officers at the Saad Al-Abdullah Airport arrested an Arab man with possession of six plastic bags of diamonds...
Qatar’s insurance premium reaches $2bn in 2015
DOHA: Qatar’s Insurance premium reached $2bn in 2015, registering 11 percent compound annual growth rate since 2007. Qatar’s insurance sector,...
Birat Petroleum cuts petrol price to Rs99 per litre
KATHMANDU: Birat Petroleum has slashed the price of its petrol to Rs99 per litre from Rs130, in line with the...
French apparel-maker to invest in RI
JAKARTA: A French company specializing in sports apparel is planning to invest US$500 million in Indonesia, underlining growing interest from...
Bangladesh’s BPC to import 2,200 mt of gasoil from India’s BPCL
DHAKA: State-owned Bangladesh Petroleum Corporation plans to import 2,200 mt of 0.03% sulfur gasoil from India's Numaligarh refinery owned by...
Intel to sell $1bn venture capital portfolio
TAIPEI: Intel Corp, one of the world’s largest makers of computer components, is planning to sell part of its venture...
Polish interest rates kept unchanged
WARSAW: The Polish central bank’s Monetary Policy Council (RPP) said on Friday it has left the country’s benchmark interest rates...
Petrolimex to increase charter capital
HANOI: Deputy Prime Minister Vũ Văn Ninh has agreed with the Ministry of Industry and Trade’s plan to issue more...
Jordan, Indonesia set to expand bilateral ties
AMMAN: Jordan seeks to attract more religious tourists and students from Indonesia, while Jakarta wants to benefit from Jordan’s strategic...
Etihad Cargo generates over $1bn in annual revenues
ABU DHABI: The cargo division of Etihad Airways generates over $1 billion in annual revenues and is one of the...
Telekom Malaysia reports 4.3% y-o-y increase in revenue for 2015
KUALA LUMPUR: Telekom Malaysia has published its financial results for the year ended 31 December 2015, saying it had seen...
Private sector labour costs rise 0.8% in Q4 of 2015
HELSINKI: Private sector labour costs rose by 0.8 per cent in October to December 2015 when compared with the respective...
HK Customs seizes 1,037 smartphones, 238 smartphone monitors worth $2.6m
HONG KONG: Hong Kong Customs detected two suspected smuggling cases at Lok Ma Chau and Shenzhen Bay Control Point yesterday...
European shares lifted by surge in Italian banks
LONDON: European shares rose on Monday as funding plans from the European Central Bank for the region's lenders buoyed markets,...
Oman seeks financial consultant for power expansion
MUSCAT: Oman on Sunday floated two tenders seeking proposals from international consultants to provide financial, commercial and legal advisory services...
Italian Business Association to be launched in Ghana
ROME: The Italian Business Association is to launch its Ghana chapter on Wednesday, March 16, in Accra. The launch, which...
New Zealand’s services index rises in Feb
WELLINGTON: New Zealand's services sector expanded in February, boosted by a rebound in the employment index. The Bank of New Zealand-Business...
