International Customs

AMMAN: According to a report released on Wednesday, the unemployment rate in Jordan ranged between 11 and 14 per cent...

Jordan’s Prime Minister inaugurates 573MW capacity power generation plant

AMMAN: The Prime Minister Abdullah Ensour, inaugurated a 573MW power generation plant in Al Manakher area east of Amman. The...

Swiss Central Bank records losses of 41.1m francs for Q1 of 2015

BERN: The SNB said it suffered currency-related losses of 41.1 billion francs in the first three months of the year....

Oxfordshire-based RPS Group set to acquire Norway company in multimillion-pound deal

OSLO: Oxfordshire-based RPS Group is set to acquire a project management and training services consultancy in Norway in a multimillion-pound...

Royal Dutch Shell announces dividend in respect of Q1 of 2015 of US$0.47 per A-B ordinary shares

AMSTERDAM: The Board of Royal Dutch Shell plc announced an interim dividend in respect of the first quarter of 2015...

German confectioners industry opposes sugar tax plans

BERLIN: Germany’s confectionery industry has sided with the federal government in a clash between the ruling parties in the country’s...

Facebook users donated $10 million to relief efforts in Nepal in just two days

KATHMANDU: Facebook users have raised a whopping $10 million for those affected by the earthquake in Nepal, Mark Zuckerberg said...

Saudi Arabia to expand trade with Azerbaijan

RIYADH: Azerbaijan will host a joint business forum with Saudi Arabia in order to discuss prospects of cooperation during a...

Saudi national executed for smuggling banned amphetamine pills

RIYADH: A Saudi national who murdered his father and a drug trafficker were beheaded Thursday, bringing to 71 the number...

Vietnamese shrimp exports facing market challenges

HANOI: Vietnamese shrimp exports fell sharply in the first quarter of 2015 due to a decline in the species demand...

EIC Monitor shows decline in energy downstream sector in 1Q15

BRUSSELS: The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across global...

TuNur solar projects in north Africa to power over 2m homes in UK

BRUSSELS: One of the most interesting solar projects around, TuNur, hopes to generate two nuclear power plants’ worth of renewable...

NZ to continue export of breeding stock under strictly surpervised conditions

WELLINGTON: New Zealand, like Australia, once sent large scale shipments of live sheep to Middle Eastern countries. The New Zealand...

India imports 17% more Iranian oil in April than average

NEW DELHI: India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by...

Russian central bank decreases interest rate by 12.5% third time in 2015

MOSCOW: Bank of Russia cut interest rates for the third time this year and said it was ready to ease...

Dollar heads for 0.2% weekly decline as markets eye central banks

WELLINGTON: The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback as markets digest the...

Saudi index edges up 0.6% to close at 9,872pts

RIYADH: Saudi index edged up 0.6 percent to 9,872 points and petrochemicals giant Saudi Basic Industries (SABIC), which is poised...

IFAW applauds UAE’s decision to destroy 10 tonnes elephant ivory

DUBAI: IFAW applauds UAE's decision and encourages other Middle East countries to join the UAE in taking a stand against...

4.4% of Dubai’s GDP comes from maritime sector: Chairman DP World

DUBAI: Chairman of DMCA, Sultan Ahmed bin Sulayem, Customs, and Free Zones Corporation and DP World, said on the side...

Import of gold into India down 87% to 216.2 tonnes in Q1