International Customs

OSLO: Norway’s oil and gas giant Statoil is moving ahead with plans to develop a giant US$29 billion oil field,...

Meikles suspended from Zimbabwe stocks

HARARE: The Zimbabwe Stock Exchange (ZSE) has been rapped for acting too late in suspending conglomerate Meikles after it emerged...

Foreign investors put €1.5b more cash into Dutch retail sector

AMSTERDAM: Foreign investors put almost €1.5bn into Dutch retail premises last year, according to property advisory group CBRE. This is...

Profit of petrochemical firms drop by 3% to SR33.76 billion in 2014

RIYADH: According to a Saudi financial report, net profit of petrochemical firms dropped by 3 percent to SR33.76 billion last...

80,000 billion rials market: Iran imports drugs worth $1b, exports hit $150m

TEHRAN: Naser Riahi, president Association of pharmaceutical importers of Iran, said that Iran imported drugs worth $1 billion in a...

APICORP annouces $200m refinancing for National Petroleum with union of HSBC, Emirates NBD, Al Hilal Bank

MUSCAT: Arab Petroleum Investments Corporation (APICORP) announced 200 million dollars refinancing for National Petroleum services with the union of HSBC,...

Dutch economy grows 0.5% in final quarter of 2014

AMSTERDAM: The Dutch economy grew 0.5% in the final quarter of 2014, compared with the previous quarter, the national statistics...

Oil reserves of 600 million barrels: Kenya economy to grow by 6% in 2015

NAIROBI: When a country’s economy is growing by more than 5 per cent a year and it has at least...

4.3% growth: Belgium Port of Antwerp handles 199 million tonnes of freight in 2014

BRUSSELS: The Port of Antwerp handled 199m tonnes of freight in 2014, a 4.3% increase over 2013. The increase was...

Japan’s economy gains due to 5-8% raise in consumption tax in April 2014

TOKYO: Japan’s economy has been reported its first quarterly growth since the consumption tax rate was raised from 5 to...

Low oil price: German industrial firms see growth accelerating in 2015

BERLIN: Lower oil prices and a weaker euro appear set to boost the business of German industrial firms, according to...

Euro zone’s trade surplus with rest of world widens in Dec for 5th month

BERLIN: At least 2% fall in imports and 1% rise in exports caused a surplus in euro zone. Euro zone’s...

Thai shrimp raw material prices climb due to short supply in Vietnam

HANOI: Thai shrimp raw material prices are rising amid very short supply in the country’s low season, with at least...

Malaysian police seize contraband marijuana, clutch three culprits

KUALA LUMPUR: Malaysian Police arrested a man and his two wives believed to be involved in a drug trafficking syndicate...

Vodacom revenue falls in South African, sales decrease 1.1% to 20 billion rand

CAPE TOWN: Vodacom Group Ltd., the mobile operator with the most subscribers in South Africa, said third-quarter revenue fell after...

Sri Lanka Customs seizes sandalwood pieces worth LKR193,950

COLOMBO: Sri Lanka Customs seized “sandalwood” pieces concealed inside four traveling bags of beetle leaves by a Pakistani national at...

Dubai Customs seizes 155 smuggled black magic goods at airport

DUBAI: Dubai Customs has halted 155 attempts of smuggling black magic goods, about 10,000 articles, weighing 97 kilograms, associated with...

92% FDI-funded 65MW Kaligandaki Upper hydro project approved by Nepal’s IPS

KATHMANDU: The Nepal Industrial Promotion Board (IPB) has approved the development of hydropower projects in the county. The proposal to...

Customs foils attempt to smuggle man at Al Batiha border point

RIYADH: Saudi Customs foiled an attempt to smuggle a man at Al Batiha border point. Customs authorities searching the car...

Iran’s economy drains due to $25b worth smuggling last year