International Customs

AMSTERDAM: Dutch organic food exports rose 11% last year to €928m, according to junior economic affairs minister Sharon Dijksma. In...

Exports up 3.9 percent: Dutch economy grows 0.5% in last quarter of 2014

AMSTERDAM: The Dutch economy is continuing signs of recovery, posting growth of 0.5 percent in the last quarter of 2014,...

$33 billion flows out of Vietnam between 2008 and 2013

HANOI: Vietnam has witnessed a drain in foreign currencies over the years, with one expert saying that $33 billion flowed...

German exports rise 2% to €89.074b, imports increase 7% to €53.590b in 2014

BERLIN: New figures from the Central Statistics Office show that the value of exports rose by 2% to €89.074 billion...

German economy surprises with strong growth in 4th quarter

BERLIN: Germany grew 0.7 per cent in the fourth quarter of 2014, much higher than expected, with domestic demand helping...

Eurozone economy grows by 0.3% in 4th quarter, 0.9% in 2014

BRUSSELS: The official Eurostat agency said eurozone economy expanded by 0.3 per cent in the fourth quarter and 0.9 per...

Indonesian cotton imports decline 2.16% in 2014

JAKARTA: Cotton imports by the Southeast Asian nation of Indonesia decreased by 2.16 per cent in 2014, according to the...

Schindler cautions high franc on profit rise

ZURICH: The Schindler, a Switzerland insurance group based in Ebikon in the canton of Lucerne, has warned of high franc, saying...

Greek finance minister says euro will collapse if Greece exits

ATHENS: If Euro zone takes Greece out the other countries will be automatically follow it and the currency would collapse...

Dubai Parks and Resorts projects expect Dh2.4b revenue during first year

DUBAI: Chief Executive of Dubai Parks and Resorts, Raed Al Nuami, said in a statement that projects have estimated Dh2.4...

Schäuble pledges German help to Greece at meeting with new finance minister

Schaeuble ‘Agrees to Disagree’ With Greece’s Varoufakis ATHENS: Since the new anti-bailout government took control in Athens, the first direct...

Stagnated economy in 2014: Italy witnesses 14th quarter without growth

ROME: Italy has witnessed 14th consecutive quarter without any growth. Economy stagnated at the end of 2014, as an increase...

Nepal imports 100,000 red roses from India

KATHMANDU: Nepal has imported 100,000 red roses - considered a symbol of love - from India for celebrating Valentine's Day...

Kuwait, Egypt nail down drug smuggling gang

KUWAIT CITY: Kuwaiti and Egyptian security authorities arrested a gang with coordination which specialized in smuggling drugs into the country...

Iran joins OPEC producers to cut prices for crude

TEHRAN: Iran has joined OPEC (Organization of the Petroleum Exporting Countries) producers along with two countries Kuwait and Iraq, to cut...

Britain explores investment opportunities in Zimbabwe

HARARE: A nineteen-member delegation of British private investors led by Invest Africa is expected in Zimbabwe to explore investment opportunities...

Philippines increases tax ceiling from P30,000 to P82,000

MANILA: President Benigno has signed bill that increases the tax exemption cap for bonuses. The new law amends Section 32...

Belgium polished diamond exports increase 2.5% YOY to $1.086b in 2014

BRUSSELS: Belgium's polished diamond exports increased 2.5 percent year on year to $1.086 billion in December, according to data provided...

Netherlands largest exporter to Germany: Country’s iron ore imports up 23% in 2014

BERLIN: The iron ore imports by Germany surged by 23% during the month of Oct 2014. This is in comparison...

Chile decides to become international business empire