International Customs

HELSINKI: The ministry of finance has downgraded its growth forecast for Finland in 2015 from roughly 1.5 per cent. Mika...

Former Central African presidents sign peace deal in Kenya

NAIROBI: Former Central African Republic Presidents Francois Bozize and Michel Djotodia signed a peace agreement in the Kenyan capital Nairobi...

Switzerland’s Durfy group to acquire WDF stakes in $3.8b

BERN: Switzerland's Dufry group will acquire a majority stake in chief rival World Duty Free (WDF) in a $3.8 billion...

Gulf banks borrows $5.3 billion as oil prices go down

DUBAI: Banks in Gulf Cooperation Council (GCC) have raised $5.3 billion as oil prices down this year, up from $4.4...

6,000 foreign funds receive India’s tax demand

NEW DELHI: Tax consultants estimate that only about 100 of roughly 6,000 funds registered with Indian regulators have so far...

Ship owners claim Brussels 50% tax relief for seiners and longliners

MADRID: The Spanish Fisheries Confederation (CEPESCA) and the National Association of Freezer Tuna Vessel Owners (ANABAC) have asked the European...

40,000 lorries pass through Port of Hamburg every day

BERLIN: The Port of Hamburg is becoming a ‘smart port’. Some 40,000 lorries pass through the port every day, and a...

Netherlands ranked 3rd in Netflix speed index

AMSTERDAM: The Netherlands moved up to third place in the countries ranked on broadband speed by Netflix in March. The...

Zimbabwe records 12% growth in exports to $868,7 million in 3 months

HARARE: Zimbabwe has recorded a 12 percent growth in exports to $868,7 million in the first three months of the...

Oman officials review import capacity of Qatari ports ahead of 2022 FIFA World Cup

QATARI PORTS: A business delegation from Oman, led by the Oman Chamber of Commerce & Industry Mining and Quarries Committee,...

Netherlands witnesses 20% increase in sales of electric and hybrid cars

AMSTERDAM : There was a 20% increase in the number of electric and hybrid cars sold in the Netherlands last...

Zimbabwe-European Business Information Centre to be jointly inaugurated in Bulawayo

HARARE: The Zimbabwe-European Business Information Centre (Zim-EBIC) will be jointly inaugurated in Bulawayo this week by Industry and Commerce minister...

Affordable housing shortage drags Australia down social rankings

CANBERRA: Australia is the world's 10th most socially advanced nation but a lack of affordable housing is holding it back,...

Australia’s oil product imports in 2015 expected to grow at fastest pace in 7 years

CANBERRA: Australia's oil product imports in 2015 are expected to grow at the fastest pace in at least seven years...

Vessel-builder Vard Holdings incorporates new subsidiary in Norway for paid-up capital of $0.37m

OSLO: Singapore-listed offshore vessel-builder Vard Holdings has incorporated a new subsidiary, Vard Contracting, in Norway for a paid-up capital of...

Auckland’s median house price jumps 13% to $720,000 in March

WELLINGTON: New Zealand house price inflation continues to be dominated by Auckland where housing supply isn't meeting demand. Auckland's median...

Purple WiFi expands to Australia and New Zealand

WELLINGTON: Purple WiFi, the cloud-based Social WiFi software company, today announced its expansion to Australia and New Zealand. Saurabh Madan...

New Zealand showing phenomenal growth in mobile advertising