International Customs

WASHINGTON: Inflation rate in the West African Economic and Monetary Union (UEMOA) witnessed a 0.2 percent rise at the end...

Germany to spend over 14b euros in 2016

BERLIN: Germany may have to spend over 14 billion euros ($15 billion) next year to manage its record refugee influx,...

Bangladesh Central Bank proposes channeling mobile transactions through bank-led companies

DHAKA: Bangladesh, home to the world’s second-largest mobile money company, is moving to consolidate the industry as it expands financial...

Shuaa Capital reports revenue at Dh28.5 million

WASHINGTON: Shuaa Capital reported financial results for the third quarter ended September 30, 2015, showing that revenues and net loss...

GCC petro companies chemical exports at 67.2m tonnes

MUSCAT: Gulf Cooperation Council (GCC) petrochemical companies posted a record 67.2 million tonnes in chemical exports valued at $62 billion...

Law seeks to combat smuggling, illegal trade of petroleum products

DOHA: The Cabinet on Wednesday ratified a draft law that seeks to combat the smuggling and illegal trade of petroleum...

German growth loses momentum

BERLIN: According to preliminary data, economic output in Germany between July and September slowed slightly compared with the previous quarter...

Nigerian Customs chief advocates death penalty for corrupt officers

ABUJA: The Comptroller-General of Nigeria Customs Service (NSC), Col. Hameed Ali (rtd), has advocated the death penalty for any customs...

7 died in Amman Customs firework container explosion

AMMAN: The Cabinet has issued directives to Finance Minister Omar Malhas to amend the Customs Law, allowing the confiscation or...

Nanobiotix’s soft tissue sarcoma pivotal trial progressing well as planned

ROME: NANOBIOTIX, a late clinical-stage nanomedicine company pioneering novel approaches for the local treatment of cancer, announces the dynamic expansion...

Jordan buys 100,000 tonnes of wheat

AMMAN: Jordan’s Ministry of Trade and Industry has bought 100,000 tonnes of wheat in a tender for the same amount,...

Algeria buys 550,000 tons milling wheat in tender

PARIS: Algeria's state grains agency OAIC bought around 550,000 tonnes of optional-origin milling wheat in a tender that closed on...

EU imports 251,315 MT of propylene for first 9 months of 2015

BRUSSELS: The EU 28 imported 251,315 mt of propylene for the first nine months of the year, up 32% from...

Nepal Oil Corporation leaves for Bangladesh to study possibility of importing fuel

KATHMANDU: A Nepal Oil Corporation team on Saturday left for Dhaka of Bangladesh to study possibility of importing fuel in...

Hermès Q3 sales rise 15% on Japanese luxury growth

PARIS: Hermès International SCA said third-quarter sales rose 15 percent as Chinese tourists taking advantage of the weak yen fueled...

Kenya military involved in $400m sugar smuggling racket in Somalia

NAIROBI: Kenya's army is involved in a $400-million sugar smuggling racket in Somalia that also funds the Al-Qaeda militants it...

Japan’s top banks accelerate cut back in holdings of shares of corporate clients

TOKYO: Japan's top banks are accelerating a planned cutback in their holdings of shares of corporate clients, a practice that...

Bank of New Zealand reduces forecast for Fonterra payout

WELLINGTON: Bank of New Zealand cut its forecast for Fonterra Cooperative Group's payout to farmers this season amid continued weakness...

Semtech Collaborates with Proximus to launch Nationwide LoRa® internet of things networks