State arrears reach 5.47 bln euros
ATHENS: The expired debts of the state to the private sector soared to 5.47 billion euros in January, from 3.95...
Telefonica expects to increase revenue over 4% in 2016
MADRID: Spanish telecoms group Telefonica expects to increase revenue by more than 4 percent in 2016, stabilise its profit margin...
Australia sees 18.6% rise from Indian tourists in 2015
CANBERRA: The total number of Indians visiting Australia has increased by 18.6% in 2015, making India the eighth largest inbound...
Hungary retail sales rise 1.6% in Jan
BUDAPEST: Retail sales in Hungary climbed by an annual 1.6 percent in January 2016, preliminary data released by the Central...
Turkish scrap import prices rise further
ANKARA: The scrap import prices rose further in Turkey during last week. The import prices of HMS 1&2 80:20 scrap...
Sugar price up, flour down in Kabul markets
KABUL: The price of sugar increaded and that of flour edged down during the outgoing week in capital Kabul, market...
Invest in Denmark enjoys record year for creating new jobs
COPENHAGEN: Invest in Denmark, an agency under the Foreign Ministry that helps foreign companies to set up a business in...
NASA plans to launch balloon flight in New Zealand
WELLINGTON: US space agency NASA is planning to set a record for the longest ever flight for a scientific balloon...
Brazil’s economy shrinks 3.8% in 2015
BRASÍLIA: Brazil's GDP fared worse than almost any other major economy in 2015, contracting by 3.8%, according to the national...
NT dollar climbs to two-month high
TAIPEI: The New Taiwan dollar yesterday touched a two-month high as foreign funds poured into the nation’s stock market amid...
Bank Syariah Mandiri recovers profit through restructuring
JAKARTA: Amid a high non-performing financing (NPF) ratio, Bank Syariah Mandiri (BSM) has recovered performance, translating to an increase in...
South Korea expects record coal demand in 2016
SEOUL: An increase in the number of coal-fired power plants starting operations this year will likely drive record coal demand...
Ooredoo Group revenue hits QR32bn in 2015
DOHA: Ooredoo Group’s revenue touched QR32.2bn in 2015. The group net profit to Ooredoo shareholders maintained at QR2.1bn in 2015...
EQUATE sponsors GPCA R&I Summit 2016
KUWAIT CITY, March 3: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, sponsored the 3rd Research & Innovation...
UAE, Saudi economy improves in Feb
ABU DHABI: Economic sentiment in the UAE and Saudi Arabia ticked up slightly in February, following a mild recovery in...
EWIS to set up $50 mn tech plant in Bangladesh
COLOMBO: Local digital device manufacturer EWIS Colombo Limited (EWIS) entered into a joint venture with Bangladesh’s Tech Manufacturing Co. Ltd....
Japan’s log export increases 32.7% in 2015
TOKYO: Japan’s log export was 691,830 cubic metres, 32.7% more than 2014 and this was the record high number. Lumber...
More layoffs, more spending cuts in hard-hit oilpatch as job losses top 100,000
CALGARY: Despite signs of life in oil prices, companies in Calgary continue to retrench, cutting jobs, shutting in production and...
Vuclip launches VOD service Viu in India
NEW DELHI: After launching its over-the-top (OTT) services in Malayasia, Hong Kong and Singapore over the past couple of months,...
Weibo hits $32.9m in Q4 profit
BEIJING: Sina’s microblogging site Weibo said yesterday that profit in the fourth quarter more than tripled to US$32.9 million. Nasdaq-listed...
