International Customs

MUSCAT: Oman’s MSM30 Index dropped 0.44 percent to close at 6,207.56 points and MSM Shariah Index decreased 0.48 percent to close...

Iraq to export heavy Basra Crude from May 2015

BAGHDAD: Iraq will export Basra Heavy crude, with an API gravity of 24 degrees from May 2015. It will be...

UAE central bank’s asset plunges 2.1% to Dh330.27b

ABU DHABI: Total assets of UAE Central Bank plunged down by 2.1 percent to Dh330.27 billion in January 2015, as...

India’s Commercial tax arrears raised to RS2,333 crore

NEW DELHI: India’s Commercial tax arrears have increased to Rs 2333.47 crore on organizations falling under the Bhubaneswar range. The...

Ruble sets new high of 57.09 against dollar

MOSCOW: Russian currency Ruble had set new 2015 highs of 57.09 against dollar and 62.44 against euro. Russian ruble rose...

Port of Auckland expansion disputed

AUCKLAND: Urban Auckland, a society set up to protect the city's built environment and waterfront, has taken the first legal...

$15 billion Mexico steel investments under threat from Chinese dumping

MEXICO CITY: Investments of some US$15bn by Mexico's steel sector are under threat from Chinese dumping and a global production...

NCS Zone ‘A’ decorates promoted officers, declares readiness for election

LAGOS: The Nigerian Customs Service (NCS) has charged the newly promoted officers to be more dedicated to their jobs. The...

Nigeria’s Dangote cement profit falls 21% to N159.5 bln as compared to 201.2 bln in 2013

LAGOS: Dangote Cement Plc, Africa’s biggest producer of the building material by sales, said net income declined 21 percent last...

Brazil uncovers $19 billion tax fraud at Finance Ministry

BRASILIA: Brazilian authorities said they uncovered a tax fraud scheme at the Finance Ministry's tax appeals board that may have...

Brazil tax agency, police allege $5 billion corruption at tax office

BRASILIA: Brazil's tax agency said that it and federal police have detected corrupt activities at the agency that could have...

US trade officials to investigate Canadian paper imports

WASHINGTON: US trade officials will investigate a complaint that imports of Canadian paper benefit from unfair government subsidies, the Department...

Canadian antiques dealer jailed in US for smuggling horns, ivory

NEW YORK: A US judge jailed a Canadian antiques dealer for two-and-a-half years for smuggling rhinoceros horns, coral and elephant...

Canadian tribunal charges $1,300 in Eritrean wooden stools smuggling case

OTTAWA: When Samuel Gebreyesus arrived at Ottawa Airport last July, he had four traditional Eritrean wooden stools covered with cow...

US ethanol exports reach 826 million gal, highest since 2011: EIA

WASHINGTON: US exports of fuel ethanol in 2014 reached their second highest level at a total of 826 million gal....

Denmark to invest in Payra port project of Bengladesh

DHAKA: Denmark Minister for Trade and Development Cooperation, Mogens Jensen, said during his visit to Bangladesh that Danish companies were...

Poland demands EC to reduce tax rates on ebooks

WARSAW: Poland, France, Germany and Italy demanded the European Commission to change tax rules for ebooks. EU judges earlier ruled...

Greece fails to get €1.2b, still optimistic on eurozone deal

ATHENS: The economy minister stated that the Athens was not entitled to 1.2 billion euros from the European financial stability...

Greece eyes €500m iGambling tax

ATHENS: Greece’s government eyes possible €500m iGambling Tax Revenues. To satisfy EU demands Greece is trying to devise an economic reform....

Nigeria increases export trade 20.8% to 17.2 trillion in 2014