Pelindo III allocates $72.4m to renovate 7 ports in eastern Indonesia
JAKARTA: State-owned port operator PT Pelabuhan Indonesia (Pelindo) III has allocated at least Rp 1 trillion (US$72.4 million) to revamp...
Govt clips PIA union’s wings thru invoking services act
ISLAMABAD: The federal government has banned all labour union activities in public institutions through invoking services act with aim...
Nepra imposes Rs1m fine on CPPA
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has imposed a fine of Rs 1 million on the Central...
Zimbabwe’s annual raw milk output increase 5%
HARARE: Zimbabwe’s annual raw milk output for 2015 increased by a five percent margin to record 58 million litres, up...
Laugfs breaks ground for $30mn pharmaceutical manufacturing plant
COLOMBO: One of the youngest conglomerates in Sri Lanka, Laugfs Holdings PLC, broke ground on one of South Asia’s largest...
Swiss say $4bn misappropriated from Malaysian state firms
GENEVA: Switzerland’s chief prosecutor said a criminal investigation into state fund 1Malaysia Development Berhad (1MDB) had revealed that about US$...
Belarus goods imports down 25.2% in 2015
MINSK: In 2015 Belarus reduced its commodity imports by 25.2% to $30.3 billion as compared to 2014, BelTA learnt from...
South African banks earnings to drop in 2016
CAPE TOWN: South African banks’ earnings will be lower in the year ahead after interest-rate increases cut consumers’ ability to...
NAB recovered Rs265.977b so far
ISLAMABAD: The National Accountability Bureau (NAB) has recovered Rs 265.977 billion looted public money since its inception through prosecution of...
MCB wins SAFA Award
LAHORE: MCB Bank Ltd has won the SAFA Award in the category of Private Sector Banks at the SAFA Conference...
Rolls-Royce secures $2.7b contract from Norwegian
LONDON: Rolls-Royce, the British aircraft engine maker, Monday said that it has won a lucrative engines contract from Scandinavian carrier...
Nepal Oil Corporation increases fuel supply to Kathmandu in last weeks
KATHMANDU: Motorcyclists and motorists in the Kathmandu Valley will now get fuel every alternate week, as Nepal Oil Corporation has...
US fund sets for UAE deals on oil slump
DUBAI: Distressed investment opportunities in the UAE and the Arabian Gulf will rise this year as stock markets and companies...
Polish parliament accepts 2016 budget
WARSAW: In a vote early on Sunday, the lower house of the Polish parliament accepted the 2016 budget, which foresees...
New banking rules to apply all bank account holders in Portugal
LISBON: As from today, banking transfer rules will change, with the so-called NIB number being replaced by an International Bank...
Oman share index stages major recovery on surging oil prices
MUSCAT: Share prices on the Muscat Securities Market (MSM) staged a major recovery on Sunday, with the general index climbing...
Finland’s GDP fall by 0.7% in 2014
HELSINKI: The volume of Finland’s gross domestic product fell by 0.7 per cent in 2014, while previously the decrease was...
Sheepmeat exports to US may reach $15m
WASHINGTON: The US market could be worth $15m to the Irish sheepmeat industry, assuming that country’s TSE ban on EU...
EIB plans to expand support of large corporate business in Ukraine in 2016
KIEV: The European Investment Bank (EIB) plans to expand support of large corporate business in Ukraine in 2016, Senior Corporate...
KP used only 18% of development budget in H1
PESHAWAR: The Khyber Pakthunkhwa government utilised only 18 per cent budget of the annual development programme in the first six...
