International Customs

CANBERRA: World Variety Produce, Los Angeles, which markets under the Melissa’s brand, is importing mangoes from Australia for the first...

Korean exporters shipped roughly $27b worth of goods in 20 days

SEOUL: Korea’s main growth engine is feeling the impact of the slow pace of recovery in the global economy. Exports...

ABN Amro, ING cut interest on internet savings accounts to below 1%

AMSTERDAM: ABN Amro and ING have followed Rabobank’s example and lowered the interest payable on a basic internet-based savings account...

Iran receives foreign investment appeals in oil sector

TEHRAN: Pirouz Mousavi, managing director of the Iranian Oil Terminals Company said that Iran has received requests from some foreign...

Auckland’s container port takes top spot

WELLINGTON: Ministry of Transport statistics show Auckland is the best performing container port in New Zealand. Statistics compiled on the...

Indian minister asks customs to stop cattle smuggling

NEW DELHI: In an apparent snub of home minister Rajnath Singh's order to the BSF to completely halt cattle smuggling...

International expansion boosts total sales at Primark by 15% to £2.5 billion

ROME: Primark has posted an 11% rise in first-half profits as the discount chain gears up for expansion into the...

Turkmenistan President, Italy Agri Minister discuss bilateral cooperation

ANKARA: Turkmenistan President Gurbanguly Berdymukhammedov met with Italian Agriculture Minister Maurizio Martina, who headed Italy’s delegation that arrived in Ashgabat...

India, Bangladesh signs MoU on coastal shipping to allow RSVs

NEW DELHI: India and Bangladesh have signed a draft pact on coastal shipping to allow river sea vessels (RSVs) to...

Russia, Argentina to talk on trading in local currencies

MOSCOW: Russia and Argentina will consult on using national currencies in mutual trade settlements, Russian President, Vladimir Putin, said during...

Russia’s ruble gains 1.22% against dollar, trades at $51.37

MOSCOW: Russian ruble has strengthened to a point where it is actually too strong, Russian Finance Minister Anton Siluanov said...

Russia shows interest in Chinese investments

MOSCOW: Russia is interested in developing Chinese investment and cooperation, according to Russian Finance Minister Anton Siluanov. Cooperation has been...

Japan farmers hamper trade with US

TOKYO: A powerful lobby stands in the way of two of the world’s biggest economies completing a trade deal. Rice...

Germany business sentiment hits new high in April

BERLIN: Confidence among German companies improved in April to its highest level in nearly a year, a closely watched business...

3 major banks in Vietnam annouce mergers

HANOI: The Vietnam Bank for Industry and Trade (Vietinbank), the Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank...

North Sea oil and gas company Ithaca agrees to sell Norwegian business to Hungary’s MOL for $60m

OSLO: North Sea oil and gas company Ithaca Energy has agreed to sell its Norwegian business to Hungary’s MOL for...

Oman, Saudi and UAE projects increase 9.9% in Q1: ADCB

DUBAI: The value of projects awarded across the GCC increased 9.9 percent quarter on quarter in the first three months...

Abu Dhabi index drops 1.58% to end at 4,631.75pts

DUBAI: Abu Dhabi index fell more than 1.5 percent on profit-taking along with Dubai index as investors resorted to profit-taking....

Germany Mercedes-Benz receives price-fixing fine worth 350m yaun

BERLIN: Germany’s prime carmaker Mercedes-Benz received a price-fixing fine worth 350 million yuan ($56.49 million), the highest antitrust penalty imposed...

Egypt gets $6b deposit from Saudi Arabia, UAE, Kuwait