Saudi Customs foils attempt to smuggle alcohol in washing liquid bottles
RIYADH: Saudi customs officers at King Abdul Aziz Port in Dammam foiled an elusive attempt at smuggling alcohol in washing...
PM likely to announce ‘Voluntary Tax Compliance Scheme’ on January 1
ISLAMABAD: Prime Minister Nawaz Sharif is likely to announce “Voluntary Tax Compliance Scheme” on January 1, 2015 for registration of...
Saudi annual revenue generates from oil exports
RIYADH: Roughly two-thirds of Saudi Arabia's annual revenue is generated from oil exports. Low prices have forced the country to...
Bangladesh’s garment sector exports $26.26b this year
DHAKA: The year 2015 saw the garment sector log in its highest ever export earnings, facilitated in part by the...
Turkey foreign trade deficit down 49% to $4.236b in Nov
ANKARA: The foreign trade deficit has decreased by 49.1 percent over the course of one year, falling from $8.317 billion...
Annual inflation in Paraguay reaches 3.1% in 2015
ASUNCIÓN: Annual inflation in Paraguay reached 3.1 percent in 2015 on relatively stable food prices and some increases for imported...
Russia’s inflation slows to slowest pace in 2015
MOSCOW: Russia’s inflation decelerated to its slowest pace this year, even as the weakening ruble and an embargo on Turkish...
Dubai pearl exports reach at AED28.8b in H1 of 2015
DUBAI: Trade in pearls, gemstones, precious metals, plated ornaments and mineral jewels, registering at AED138.9 billion and accounting for 34.1...
S. Korean Govt to create $1.2b ship investment fund
SEOUL: The South Korean government will create a US$1.2 billion ship investment fund to aid the shipping industry which has...
Port Salalah opens new multipurpose terminal
MUSCAT: The Port of Salalah has opened a new deep-water general cargo and liquid bulk terminal. The multipurpose terminal will...
New Year gift: PM rejects proposed hike in petrol price
ISLAMABAD: Prime Minister Nawaz Sharif Thursday rejected the by the Oil and Gas Development Authority’s (Ogra) summary regarding increase in...
Nawaz for enhancing Pak-US economic, trade ties
ISLAMABAD: US Ambassador to Pakistan David M Hale Thursday called on Prime Minister Nawaz Sharif in his first meeting after...
S. Korea’s overseas construction orders fall 30.1% in 2015
SEJONG: Overseas construction orders won by South Korean builders this year fell sharply from a year earlier due to weak...
PM greets new FPCCI President Abdul Rauf
ISLAMABAD: Prime Minister Nawaz Sharif Thursday congratulated Abdul Rauf Alam of United Business Group on winning the election for the...
Korean banks compete to launch mobile banking policies
SEOUL: South Koreans love their mobile devices. According to Digieco, a research center run by Korea’s KT Corp, smartphone penetration...
Duqm Port plans to start export of minerals in Feb
MUSCAT: Port of Duqm plans to start export of minerals for the first time in February next year, said a...
India offers to import more crude from Iran
NEW DELHI: India offered to step up crude oil imports from Iran as soon as sanctions imposed by the West...
Ports of Saudi Arabia implement new customs regulations for import
RIYADH: With effect from 13 November 2015, ports in Saudi Arabia will not allow the discharge of any chemicals in...
Nissan’s global production increases for seventh consecutive year
TOKYO: Nissan's global production has increased for the seventh consecutive year with sales in some markets also rising. In November, Nissan...
Govt released over Rs45 billion for development of Fata in 3 years
ISLAMABAD: The federal government has released an amount of Rs45,481.12 million (about Rs45.5 billion) to execute development schemes in Federally...
