Iran to purchase 118 Airbus planes & set up joint venture with France’s PSA Peugeot Citroen
PARIS: Iran will buy 73 long-haul and 45 medium-haul Airbus passenger planes and set up a joint venture with French...
Saudi Arabia set to spend through oil crash to sustain output
RIYADH: The world’s biggest oil exporter will continue spending through the through the energy price crash to prop up output. Saudi...
ExxonMobil lawsuit against Russia to be heard in 2017
MOSCOW: Court hearings on ExxonMobil's lawsuit against Russia will take place no earlier than spring 2017. The US oil giant...
New Zealand imports rise to record high last year
WELLINGTON: New Zealand imports rose to a record high last year as a decline in the value of the currency...
US Customs confiscates 76 pounds of marijuana
DETROIT: U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) officers at the Fort Street Cargo Facility in...
US Customs seizes meth worth $439k
SAN CLEMENTE: Border Patrol agents working at the U.S. Border Patrol Checkpoint in San Clemente seized more than 38 pounds...
Morocco suspends contacts with EU delegation over trade row
BRUSSELS: Morocco has suspended contacts with the European Union delegation in Rabat over a trade row, a confidential Moroccan government...
Spain sees record jobless fall in 2015 as economy recovers
MADRID: Spain's unemployment rate registered a record fall last year, dropping nearly three percentage points to 20.90 percent, according to...
Dubai retail group to increase imports from US
ABU DHABI: Dubai-based retail major Al Maya Group plans to increase its imports from the US as it looks to...
Hungary unemployment rate 6.2% in Oct-Dec
BUDAPEST: Hungary’s average unemployment rate was 6.2 percent in October-December, level with the average in September-November, the Central Statistical Office...
Thai Cabinet approves 15 bln baht budget for rubber planters, entrepreneurs
BANGKOK: The Cabinet has approved a 15 billion baht budget for the Ministry of Agriculture and Cooperatives’ loan project for...
DHL eCommerce launches in Thailand
BANGKOK: Thailand is the first Southeast Asian country to launch DHL eCommerce’s domestic delivery service, the company has announced. DHL...
Prices of gas & petrol down, food items stable in Kabul
KABUL: Prices of gas, flour and petrol declined during the outgoing week in Kabul, where gas rates varied from one...
Denmark raises repo rate to defend euro peg
COPENHAGEN: Denmark's central bank on Thursday said it had increased its repo rate a notch to defend its currency peg...
South African Reserve Bank hikes repo rate by 50 basis points
JOHANNESBURG: South African Reserve Bank (Sarb) governor Lesetja Kganyago said on Thursday the bank would increase the repo rate by...
Alibaba quarterly revenue grows 32% to $5.3bn
HANGZHOU: Alibaba Group announced Thursday night that its third quarter revue jumped 32 percent year on year to 34.5 billion...
Asian imports of Iran oil plunges 18% in Dec
TOKYO: Asian imports of Iranian oil fell 18 percent in December from a year earlier, as Iran's biggest crude buyers...
China’s CITIC Bank uncovers $147.4m fraud
BEIJING: China CITIC Bank confirmed yesterday that it has discovered a fraud involving 969 million yuan (US$147.4 million) in funds...
Civilian drone export increases sevenfold in Shenzhen
GUANGZHOU: he export volume of civilian drones in South China's Shenzhen, increased seven times in 2015 year-on-year to reach 3.09...
Poland’s PKN says considers more oil imports from S. Arabia
WARSAW: Poland's biggest oil refiner PKN Orlen is considering increasing the scale of its oil imports from Saudi Arabia, PKN's...
