International Customs

AMSTERDAM: Dutch internet company WeTransfer would receive an investment of $25m (€22m) from Highland Capital Partners (HCP) to help it...

Zimbabwe companies to benefit from €700m Dutch fund

AMSTERDAM: Zimbabwean companies are set to benefit from a €700 million facility unveiled last July by the Netherlands government earmarked...

German port calls for appropriate recognaition in federal transport infrastructure plan

BERLIN: German ports have called for what they described as “appropriate recognaition” in the Federal Transport Infrastructure Plan. The Port...

Germany car sale rises 6.2% in Jan with economy helping renault

BERLIN: Germany car sales gains accelerated last month as price cuts and economic-growth prospects encouraged consumers to buy new models...

4Q revenue slips 1.6%: Paris-based Orange predicts fall in earnings by 3.6% in Belgium

BRUSSELS: Orange SA, the French telecommunications carrier with networks from Belgium to Botswana, forecast a key measure of profit will...

Fish exports fall to $277.9m from $197.5m in 2014

BRUSSELS: Fish exports fell in value in December 2014 from December 2013 by 29%, according to the Ministry of Production....

Oman’s GDP grows 5.2% to OMR23.6 billion: NCSI

MUSCAT: National Centre for Statistics and Information (NCSI) released a report which showed Oman's gross domestic product (GDP) grew by 5.2...

74% of GCC’s $2.2 trillion private wealth resides in Saudi Arabia, UAE

RIYADH: Management consultancy Strategy & formerly Booz & Company disclosed that Saudi Arabia and UAE, together control 74 percent of...

$100 million market value: Net income of 100 Indian firms fall 6% in Q3

MUMBAI/BENGALURU: The combined earnings of India's largest companies fell more than expected in third quarter. The official figures show that...

India’s anti-corruption branch arrests excise official for liquor smuggling

NEW DELHI: Indian anti-corruption branch has arrested nine excise officials for liquor smuggling and its illegal circulation. But, more shockingly, flagrant...

Kuwait authorities seize contraband pills and hashish after long chase

KUWAIT CITY: Kuwait Security operatives attached to Hawalli Command seized a large quantity of illicit pills and a wrap of...

Dubai Customs to provide free accommodation to Jumeirah fishermen

DUBAI: Director of Dubai Customs, Ahmed Mahboob Musabih, said during a meeting that Customs has announced to provide free accommodation...

Afghanistan to receive 25m kWh ‘extra’ electricity from Tajikistan in 2015

KABUL: Afghanistan has received extra 25mn kWh of electricity from Tajikistan in 2015. Sangtuda-1 and Sangtuda-2 power networks transmitted nearly...

Russian oil giants write Putin for environmental regulation ease to cope cheap oil

MOSCOW: Russian President, Vladimir Putin, has received a letter from heads of five of Russia's top oil companies, asking for...

Governor of Bangladesh Bank bags Digital World Lifetime achievement award

DHAKA: Governor of Bangladesh Bank, Atiur Rahman, has got the Digital World Lifetime achievement award for his technology friendly practical...

Qatar’s QIC to raise capital up to QR1.85b from QR1.6b

DOHA: The annual general meeting (AGM) of Qatar Insurance Company (QIC) approved the board of directors’ recommendation to raise the...

Iran trims 25% projected oil revenue in budget draft

TEHRAN: Iranian President, Hassan Rouhani, said in an address to parliament that Iran has trimmed 25 percent projected oil revenues...

NZ Antony de Malmanche’s drug trial to start in Bali

WELLINGTON: Antony de Malmanche was detained by the Balinese police on 1 December last year. He was accused of trying...

NZ Int’l Business Awards finalists

WELLINGTON: New Zealand Trade and Enterprise's general manager of services and convenor of judges for the 2015 awards, Mr. David...

Korea, Mexico to implement customs pact to facilitate bilateral trade