Indian hotel industry revenues to grow 9-10% in 2016-17
NEW DELHI: ICRA estimates pan India Average Room Rates (ARRs) to remain flat for 2015-16, nevertheless occupancy improvements of 6%-7%...
Canada to lift Tehran sanctions, allow Bombardier to export to Iran
OTTAWA: Canada confirmed for the first time on Tuesday that it plans to lift its sanctions on Tehran and said...
Design sector responsible for €38bn in exports
DUBLIN: New research shows that Ireland’s design sector is responsible for €38bn in exports, with 48,000 people working in design...
Bulgarian customs seizes 6.3 kg cocaine, 256 kg heroin in 2015
SOFIA: Cocaine hidden in bottles of wine, deodorant flasks and mobile phone chargers were discovered during customs checks at Bulgaria’s...
Greece OKs $402.5M offer from China’s Cosco for port stake
ATHENS: Greece has approved an offer from China's Cosco group to buy a 67 percent stake in the country's largest...
German business confidence falls more than expected
BERLIN: A closely watched survey is showing a larger-than-expected fall in German business confidence this month, with managers' assessment of...
OP sees slight improvement in GDP growth
HELSINKI: OP Financial Group economists in a forecast said the country’s gross domestic product will see a 0.8 per cent...
Shipping intel report of Karachi Port
KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...
Brazil’s current account deficit drops to 3.32% of GDP
BRASÍLIA: “Reduced economic activity in 2015 detracted from demand for foreign goods and services. is a positive, favorable result amid...
Pak rupee strengthens in cash-free market
KARACHI: The Pakistani rupee Wednesday slightly strengthened against the US dollar in the cash-free market. According to the local money...
Apple iPhone sales rise 76% in India
NEW DELHI: Apple’s Q1 results, which saw iPhone sales clock at 74.8 million in the quarter, also signaled that the...
RBS takes £2.5bn hit to profits as chief executive announces bank ‘clean-up’
LONDON: Royal Bank of Scotland is set to report its eighth consecutive year of full-year losses after announcing a string...
Russia’s unemployment rate to hit 6% in 2016
MOSCOW: Russia's Labor Ministry has predicted that Russia's unemployment rate will reach 6 percent this year, gazeta.ru reported on Tuesday....
US Customs seizes 80 pounds of cocaine, meth
TUCSON: Customs and Border Protection officers arrested one U.S. citizen and two Mexican nationals for alleged attempts to smuggle almost...
Fauji Fertilizer’s profit up by 1% to Rs 4.06b in 2015
KARACHI: Fauji Fertilizer Bin Qasim’s (FFBL) net profit has increased by 1 per cent to Rs4.06 billion in the year...
US Customs foils attempt to smuggle nine live birds
MIAMI: U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) officers working at Miami International Airport (MIA) arrested...
Thailand surpasses India in rice exports
BANGKOK: Thailand was surpassed by India as a rice exporter in 2015 but traders have projected 9 million tons will...
Portugal’s tourism grow slightly in 2015
LISBON: Tourism in Portugal grew slightly last year, having recorded a 0.5 percent rise in overnight stays. Portugal’s national statistics...
List of IR officers nominated for 21st MCM Course issued
ISLAMABAD: Federal Board of Revenue has issued the list of 17 nominated BS-18 officers of Inland Revenue Service for 21st...
Saudi Arabia lifts ban on import of green chilly from India
RIYADH: In a significant development, Saudi Arabia has lifted a seven-month old ban on import of green chilly from India. The...
