Iran oil in global market to decline prices by 13%
TEHRAN: The World Bank Group (WBG) expected the embargo lifting of Iranian oil would result in around 13 percent decline...
Saudi Arabia, Cambodia signs contract for recruitment of domestic helps
RIYADH: Saudi Arabia on Thursday signed a contract with Cambodia for recruitment of domestic helps from that country. The contract,...
Manulife Financial Corp profit slides 62%
TORONTO: Energy exposure hit the bottom line of Manulife Financial Corp. in the fourth quarter, causing the shares to slide...
4 waste-to-energy plants being set up in Balkh
MAZAR-I-SHARIF: Local officials said four projects to produce electricity from municipal waste in northern Balkh province would be launched soon....
Indonesia, Thailand vow to boost trade after 3 year slow decline
BANGKOK: A decline in bilateral trade, along with maritime and transnational crime, was among the issues addressed in Thursday’s meeting...
Hungary’s trade promotion agency helps 1.4 billion euros worth of projects last year
BUDAPEST: Hungary’s trade promotion agency, the HIPA, was involved in the launch of 67 investment projects last year, with a...
Copenhagen to drop all fossil fuel investments
COPENHAGEN: The Copenhagen City Council is expected to approve a proposal here the other day to divest its investment fund...
Spain: world’s second largest melon exporter
MADRID: Spain has no real match in the melon market, since almost 90 percent of its sales are made in...
Banks exchange 1000s of credit cards after hack attack
BERLIN: Several large German banks have had to exchange thousands of customers’ credit cards after details were stolen in a...
Sri Lanka’s footwear, leather exports in 2015 increased to $110m
COLOMBO: Minister of Industry and Commerce Rishad Bathiudeen said " Sri Lanka's footwear and leather exports in 2015 increased to...
New home construction falls 38% in fourth quarter
TAIPEI: New home construction totaled NT$178.5 billion (US$5.33 billion) in the final quarter of last year, shrinking 38 percent from...
Sasol seeks to fuel performance in Africa
CAPE TOWN: Sasol has held discussions with various entities in Africa outside of SA on the long-term potential for a...
Oil and gas capex drops 26%; BofA Merril Lynch projects another 10% cut in 2016
DOHA: Global oil and gas capital expenditures (Capex) dropped by 26 percent in 2015, and is expected another round of...
Malaysia’s total trade expected to expand at faster rate
KUALA LUMPUR: The Government expects the country’s total trade numbers to expand 2% this year, faster than the 1.2% growth...
ABK announces operating profits of KD 87.3 million
KUWAIT: Al Ahli Bank of Kuwait (ABK) yesterday announced Operating Profits of KD 87.3 million for 2015, up 5.8% from...
HK Customs nabs Spanish man for smuggling European eels
HONG KONG: A Spanish man was caught trying to smuggle European eels, an endangered species, at the Hong Kong airport...
Singtel Q3 profit slips 1.7% amid currency conversion losses
SINGAPORE - Singtel posted a 1.7 per cent drop in net profit to S$954 million in the third quarter, on...
Chinese investors bid $1.2bn for Norwegian software-maker, FT says
OSLO: A Chinese investment consortium is offering $1.2 billion for Norway's Opera Software, which provides services for apps and web...
China’s home loans increase in 2015
BEIJING: China's outstanding home loans for individual purchase continued to rise in 2015, the People's Bank of China (PBOC) said...
Decline of land sales adds pressure on local governments: Fitch
BEIJING: The fiscal performance of China's local governments could be pressed by the decline of land sales, a Fitch Ratings...
