International Customs

GUATEMALA: Guatemala's vice president resigned to face an investigation over her alleged involvement in a customs corruption racket, amid a...

India Customs arrests one more official in 34 kg smuggling case

NEW DELHI: One more customs official was today arrested in connection with the disappearance of 34 kg of gold from...

Australian regulators propose curbing 2 major grain transportation export rules

CANBERRA: Australian regulators have proposed easing rules on two major grain transportation companies at the Port of Newcastle export hub,...

Foreign, Indian oil firm faces Rs 10,247cr tax demand

NEW DELHI: The government has initiated proceedings against a foreign company as well as its Indian group firm for tax...

Egypt’s central bank sells $500m in interbank in April

CAIRO: Egypt’s central bank said on Monday it sold $500 million in the interbank market to meet outstanding demand for...

BG Group reports 63pc fall in profits as oil price drop bites

LONDON: BG Group reported a 63pc drop in profits in the first quarter as the collapse in the oil price...

Saudi Arabia to launch electronic gate system for investors, business travelers

RIYADH: The hospitality industry in Saudi Arabia is gaining momentum as the government is focusing on tourism and Mice business,...

Bank of Italy liabilities fall to 177b euros in April from 191.5 billion euros in March

ROME: The Bank of Italy’s liabilities towards other central banks in the euro zone fell to 177.2 billion euros in...

Skagerak Nett chooses Ericsson to deploy 180,000 meters in Norway smart grid revolution

OSLO: Skagerak Nett chooses Ericsson to help modernise the country’s power grid with smart meters. Skagerak Nett selected Ericsson to...

Portuguese Fred Olsen Cruise Lines to base 1,350 guest ship in Newcastle in 2016

LISBON: Fred Olsen Cruise Lines (FOCL) will base its 1,350-guest Balmoral ship in Newcastle for the first time in 2016....

Norway pays $8b to Guyana under forests, climate change partnership

GEORGETOWN: Total payments from Norway now stand at a whopping $38B, with another $8B being the latest payment under the...

Germany seeks to boost maritime, port cooperation with Iran

BERLIN: Germany seeks to develop its cooperation with Iran in the fields of maritime trade and ports as a prelude...

Oman authorities increases 10% customs duty on used vehicles

MUSCAT: Prices of imported second-hand vehicles are expected to rise as the Royal Oman Police (ROP) has imposed higher custom...

Germany seeks to explore possibilities of its cooperation in $46b projects in Pakistan

BERLIN: Believing that the military-led National Action Plan (NAP) is improving security situation in Pakistan”s strategically important urban centers like...

EU says no further delay on Ukraine free trade deal

BRUSSELS: The EU said it would not bow to Russian demands to delay further the planned January 2016 implementation of...

EU employment rate rises for first time since financial crisis

BRUSSELS: The employment rate has risen in the EU for the first time since the financial crisis in a sign...

New Zealand handholds local beef farmers

WELLINGTON: The training is aimed at improving productivity in the local beef sector by enabling increased beef cattle production and...

US customs foils attempt to smuggle live honey bees

NEW YORK: Alert CBP agriculture specialists at a Laredo port of entry stung an ill-fated and unusual smuggling attempt as...

Turkish stream pipeline to be operational from December 2016

ANKARA: Turkish Stream pipeline will become operational in December 2016, said head of Gazprom Aleksey Miller. "An agreement has been...

Japanese destroyers in Manila for port call, naval exercise