Turkey to open trade centers in Tehran, Dubai
ANKARA: In addition to its praised economic growth in Turkey, the contracting sector has recently broken a new record. As...
Pak rupee gains value against dollar
KARACHI: The Pakistani rupee Tuesday gained value against the US currency in open market and remained unchanged in interbank....
Walnuts Australia sends first exports to Japan
CANBERRA: Walnut grower and processor Walnuts Australia has opened up a new market in Japan, with the first ever export...
Vietnam, Thailand boost bilateral cooperation
BANGKOK: Their meeting took place on the sidelines of the ASEAN - US Summit from February 15-16 in California, the...
Bank of Japan launches negative interest rates
TOKYO: The Bank of Japan’s negative interest rates came into effect on Tuesday in a radical plan already deemed a...
Job cuts to escalate in South African mines
CAPE TOWN: Job losses in South Africa's mining sector are likely to accelerate with mining companies such as Glencore and...
Oman focuses on domestic rail
MUSCAT: Oman may focus on building a domestic rail network rather than connecting its railways to a regional system, because...
Saudi Arabia sees 10-15% decline in steel demand
RIYADH: Saudi Arabia has witnessed a 10-15% decline in steel demand as builders await the rise in real estate prices...
South’s Korea KOGAS cuts 2015 LNG imports 13.5%
SEOUL: South Korean state-owned Korea Gas Corp.'s imports of LNG fell 13.5% to 31.41 million mt last year, as the...
US beef imports expected to decline over 2016
WASHINGTON: US beef imports are off to a slow start and there is broad expectation that import volume will decline...
Russia PP imports rise 27% in Jan 2016
MOSCOW: January overall imports of polypropylene (PP) into Russia rose by 27% year on year, totalling slightly over 11,000 tonnes,...
China’s Jan coal imports fall 9% on year
BEIJING: China's coal imports, including lignite, thermal and metallurgical coal, totaled 15.23 million mt in January, down 9.2% year on...
Veg oil imports increase 17% to 40.14 lakh tons in Q1
WASHINGTON: Vegetable oil import during the first quarter of the current oil year (November-October) rose by 17 percent to 40.14...
India’s international trade in services remains flat in Dec 2015
NEW DELHI: India's international trade in services remained almost flat from a year ago in December 2015 with exports of...
GE explores oil, gas business in Iran
TEHRAN: General Electric Co is exploring potential business opportunities in Iran and the chief executive of its oil and gas...
Adani Ports surges 5%
WASHINGTON: The S&P BSE Sensex was down 38 points at 23,517 and the Nifty50 was down 17 points at 7,146....
Ports of Indiana destroy previous annual record
NEW DELHI: The Ports of Indiana, which includes Northwest Indiana's deepwater Lake Michigan harbor, handled a record 12.2 million tons...
SECP ‘wants’ QCR-rated auditors for better performance of cost audit
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a circular requiring appointment of QCR-rated auditors for performance...
CCP imposes Rs20m fine on Dawn Foods for copying packaging, labelling
ISLAMABAD: For violating Section 10 of the Competition Act, 2010, the Competition Commission of Pakistan (CCP) imposed Rs20 million fine...
Askari Bank’s profits up by 46% to Rs8.43b in 2015
LAHORE: Askari Bank has posted positive annual financial results for the year ended December 31, 2015. According to the official...
