France’s Cahors region is new frontier for wine investors
PARIS: France's southwestern Cahors region is a new frontier for foreign investors, from Argentine winegrowers doing the "Malbec tango" to...
Former French minister faces 7-year jail, $2.2m fine for tax fraud
PARIS: Ex-French budget minister Jerome Cahuzac, who is facing up to seven years jail term and two million euros ($2.2...
Julius Bär bank to pay $547m over tax fraud
GENEVA: Swiss private bank Julius Bär said here the other day that it had finalized an agreement with US authorities,...
Tobacco exports increases by more than 7%
HARARE: Tobacco exports increased by more than seven percent to $183 million in January this year after exporting 25 million...
Air Arabia’s profit declines by 13% to $16.1m in Q4
DUBAI: The Sharjah-based airliner, Air Arabia, has posted $16.1 million net profits in fourth quarter with 13 per cent decline....
Central Bank reduces investment portfolio by €700m
DUBLIN: The Central Bank reduced its investment portfolio last year by €700 million to €19 billion, largely because of European...
Majid Qureshi takes charge as Member (Administration-IR)
ISLAMABAD: Muhammad Majid Qureshi, a BS-21 officer of Inland Revenue Service, has assumed the charge of the post of Member...
Wasif Memon assumes charge as Karachi Customs (Valuation) director
ISLAMABAD: Wasif Ali Memon, a Pakistan Customs Service officer of BS-20, has assumed the charge of the post of Director,...
Big Dutch banks continue to lose mortgage market share
AMSTERDAM: The four main Dutch banks now account for less than half the Dutch mortgage market, as pension funds and...
Bangladesh’s exports rise 10.4% in Jan from 2015
DHAKA: Bangladesh's exports rose 10.4 percent in January from a year earlier to $3.18 billion, driven by stronger sales of...
Blackberry cuts 200 jobs
WATERLOO: BlackBerry Ltd. fired about 200 employees in Florida and Ontario as the smartphone and software maker continues its efforts...
Kingdom’s non-oil exports reach SR15bn
JEDDAH: The collapse in oil prices has been a focal point for the global economy, leading to an oversupply theme...
Wani assumes charge as Customs Secretary
ISLAMABAD: Moin-Ud-Din Ahmad Wani, a Pakistan Customs Service officer of BS-19 has assumed the charge of the post of Secretary,...
Hungary’s NAV buys drone to eradicate tobacco smuggling
BUDAPEST: The national tax authority (NAV) has purchased a drone to detect and monitor routes of cigarette smuggling, daily Magyar...
Performance allowance of three Customs’ officers restored
ISLAMABAD: Federal Board of Revenue has restored performance allowance in respect of 3 Pakistan Customs Service officers of BS-16. The...
Norway’s sovereign wealth fund hits out at VW leadership
OSLO: As VW battles a global emissions-cheating scandal, the fund's chief executive, Yngve Slyngstad, slammed the carmaker's shareholder structure. "This...
Australia’s LNG exports help reduce petroleum trade deficit
CANBERRA: Australia's liquefied natural gas export boom has prevented a further $500 million blowout in the trade deficit and helped...
Performance allowance of 11 Inland Revenue officers restored
ISLAMABAD: Federal Board of Revenue has restored performance allowance in respect of 11 Inland Revenue Service officers of BS-16. The...
Japan offers to buy 146,000 tons food wheat via tender
TOKYO: Japan's Ministry of Agriculture is seeking to buy a total of 146,000 tonnes of food quality wheat from the...
Toyota stops production at factories in Japan due to steel shortage
TOKYO: Toyota Motor on Monday halted all production at its factories in Japan due to a steel shortage following a...
