Dar directs FBR to take action on business community’s tax proposals
ISLAMABAD: With the aim to facilitate traders, Federal Finance Minister Ishaq Dar has directed Federal Board of Revenue (FBR) to...
Vestas gets biggest order ever for massive Norway project
COPENHAGEN: Norwegian state-owned renewables producer Statkraft and Danish turbine maker Vestas announced here the other day that they will collaborate...
Dutch gold to be moved out of Amsterdam
AMSTERDAM: The Dutch central bank is looking into whether its gold and cash reserves can be stored outside Amsterdam. The...
Mexico’s Pemex says crude exports jump in Jan
LONDON: Crude oil exports from Mexico's state-owned oil company Pemex jumped 11 percent in January compared to the prior month,...
Hydro to build technology pilot
OSLO: Norwegian aluminium producer Hydro has made a formal decision to build a full-scale technology pilot at Karmøy, Norway. The...
DABS incurs $2.5m loss due to power cut: chief
KABUL: Da Afghanistaninfo-icon Bareshna Shirkat (DABS) on Wednesday said it spent two and a half millions US dollars to supply...
Home building permit issues climb 30% in 2015
BUDAPEST: The number of home building permits issued in Hungary rose by 30 percent to 12,515 last year, data released...
Gazprom revives Greek-Italian pipeline plan
ATHENS: The Greek-Italian gas pipeline project, dubbed Poseidon, is returning to the forefront despite having lost to the Trans Adriatic...
Export orders plunge to 2009 levels
TAIPEI: The nation’s export orders plunged 12.4 percent to US$34.19 billion last month, representing the largest scale of annual decline...
Oil services company Petrofac to reopen Iran office
TEHRAN: Oil services company Petrofac (PFC.L) will reopen its office in Iran, its chief executive said on Wednesday, as the...
Producer Price Index falls in December
DOHA: The Monthly Producer Price Index (PPI) of the Industrial sector for December, 2015 is estimated at 49.3 points showing...
Kuwait’s credit growth exceeds expectations – NBK ECONOMIC REPORT
KUWAIT: Credit growth exceeded most expectations as it ended 2015 at 8% thanks to a strong December gain. Total credit...
EU trade in textile, clothing goods rise 3.6% in 2015
BRUSSELS: According to CITH, the Textile and Clothing Information Centre, the EU textile and clothing exporters succeeded in gaining further...
Hong Kong police seize HK$750,000 worth of drugs
HONG KONG: Four suspected drug traffickers were arrested and more than 4.5kg of illegal drugs with an estimated street value...
CDL revenue rises by 1% to S$847m in 4Q
SINGAPORE: Property and hotel heavyweight City Developments (CDL) reported record earnings for the fourth quarter ended Dec 31, on gains...
China Customs seizes 80 live tortoises
BEIJING: Customs officers found a male Chinese mainland resident trying to take more than 80 live tortoises totaling 34 kilograms...
Wanda ready to reveal big European investment
BEIJING: Dalian Wanda Group Co, the Chinese entertainment, property and finance conglomerate, is expected to announce a "major deal" in...
China becomes world’s second-largest R&D performer
BEIJING: China is playing an increasingly prominent role in world's science and engineering as the country becomes the second-largest performer...
Phosphoric reserves in China declining
BEIJING: China’s reserves of phosphorus, a key element for growing food, could be exhausted within the next 35 years if...
Ogra grants licence to first private firm for importing, selling LNG
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has granted a licence to the private company for procuring and selling...
