2.6m wheat bags worth Rs 8.5b yet to be sold
SIALKOT: The Food Department purchased 4925,000 bags of wheat worth Rs16 billion at the rate of Rs1,300 per 40 kg...
Genel producing oil for $1 barrel, investors still cautious
BAGHDAD: In the oil patch today, it is indeed the survival of the fittest. So when one of the largest...
Spain’s Catalonia to introduce carbon tax
MADRID: The regional Government of Catalonia in eastern Spain is set to introduce a carbon tax on vehicle emissions from...
Ghulam Khan transit route: Ghani reminded of campaign pledge
KHOST CITY: Officials, traders and residents accused the central government of paying little heed to the Khost-Ghulam Khan transit route...
Pakistan best market for edible oil with 3.5m tons consumption: Minister
KARACHI: Pakistan is a huge market for imports of edible oil and oilseeds as the country’s total requirement is around...
KP NAB recovered Rs 25 billion in 2014-15
PESHAWAR: National Accountability Bureau’s (NAB) Khyber Pakhtunkhwa office recovered a huge amount of Rs 2500 million (Rs 25 billion) in...
German authorities shut down Canada’s Maple Bank
BERLIN: Germany's financial watchdog has closed down the German subsidiary of a Canadian bank. The company has been accused of...
Egypt’s furniture export increases $332 mln in 2015
CAIRO: The exports of furniture sector have reached around 2.6 billion Egyptian pounds (US$332 million) in 2015 versus 2.5 billion...
Commercial property transactions hit seven-year low
TAIPEI: Transactions of commercial property in Taiwan fell to a seven-year low last year at a time when the local...
Plan to join Trans-Pacific group may face hurdles at House
JAKARTA: The government’s plan to join the US-led Trans-Pacific Partnership (TPP) trade deal in the next two or three years...
John Keells Hotels 3Q profit narrows over declined occupancy
COLOMBO: Leading hotel operator John Keells Hotels PLC saw its group net profits narrowing 13 percent to Rs.364. 6 million...
Jordan promises trade perks to help employ Syria refugees
AMMAN: Jordan's planning minister says his country has been promised easier trade terms by the international community, potentially generating large-scale...
MPHC records QR1.1bn net profit in 2015
DOHA: Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates,...
US citizen arrested for importing KD 300,000 worth of meth
KUWAIT: A US citizen was recently arrested with the possession of KD 300,000 worth of methamphetamine (meth), which were hidden...
HK Customs cracked down on four suspected drug trafficking cases
HONG KONG: Hong Kong Customs has stepped up enforcement to crack down on cross-boundary and transnational drug trafficking at all...
SBS revenue jumps 7.7% to S$1.02 billion
SINGAPORE: SBS Transit's net profit jumped 17 per cent last year due to increase in ridership and average fare in...
China’s gold output dips on lower prices
BEIJING: China's annual gold output fell for the first time in 2015 due to lower prices in the global gold...
Total spending on advertising down by 2.9%
BEIJING: Advertising expenditure fell 2.9 percent year on year in 2015, with a dip in traditional media sales weighing heaviest...
India’s pharmaceutical industry to register mute export revenue growth
MUMBAI: India's pharmaceutical industry is expected to register muted export revenue growth and stable domestic revenue increase in 2016-17, according...
COSCO to bid for Greek rail network
ATHENS: China’s COSCO is expected to make an offer for Greece's rail network after earlier becoming the sole bidder for...
