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BRASILIA: Brazil's next oil and gas licensing round in October has already drawn interest from 24 companies, local hydrocarbons regulator...

Mexico: Fresnillo increases gold, silver output

MEXICO CITY: Mexican miner Fresnillo said H1's gold production was up 10.6% to 23.8M ounces and gold production was up...

Guyana Goldfields starts producing gold ounces

GEORGETOWN: Guyana Goldfields poured its first gold at its Aurora Gold Mine in Guyana, South America. The company says that...

Guyana’s firm plans to rehabilitate 1.5-MW Tumatumari hydropower plant

GEORGETOWN: A private company has announced plans to rehabilitate the long-defunct 1.5-MW Tumatumari hydropower plant, located in the country's central...

UAE customs arrests Nigerian for smuggling 3.7kg of cocaine

ABU DHABI: A Nigerian caught trying to smuggle 3.7 kilos of cocaine through Abu Dhabi International Airport in the lining...

Greece companies lose 85% of their value since 2007

ATHENS: A lot has changed between 2007 and 2015. One of the major changes in the economic sector was the...

Hungarian new car registrations up 14% in July: Report

BUDAPEST: New car registrations in Hungary saw a year-on-year rise of 14.4%, reaching 7,012, in July, with sales of light...

South African motor sector urges to increase local content

CAPE TOWN: Depending on how seriously it took localisation, in 10 years the motor industry in SA could be employing...

South African Manufacturing PMI remains unchanged over 50.0Pts in June

CAPE TOWN: Manufacturing activity stagnated last month but was in growth territory which, according to economists, suggested the sector would...

South Africa’s new vehicle sales fall 6.1% YoY in July

CAPE TOWN: The National Association of Automobile Manufacturers of SA (Naamsa) on Monday reported a 6.1% year-on-year (y/y) decline in...

French Customs seizes un-exportable Picasso’s art work worth €25m heading for Switzerland

BERLIN: A painting by Pablo Picasso estimated at more than €25 million (CHF26.5 million) and considered “unexportable” by the Spanish...

Jordan’s housing bank posts $86.9m profit in H1- 2015

AMMAN: Jordan's Housing Bank for Trade and Finance, the country's second largest lender, said on Sunday it's first-half net profit...

IMF provides $1.2b aid to Iraq to address economic emergency

BAGHDAD: International Monetary Fund provided an emergency aid to Iraq worth $ 1.2 billion to address the economic consequences resulting...

Dubai chamber joined by 8,830 new companies in 2015 till now

DUBAI: Dubai Chamber of Commerce and Industry announced that 8,830 new companies joined between January and June 2015, bringing the...

Philippines dairy products decline 10.57% to 1,740.08mt

MANILA: Dairy products imported by the Philippines declined by 10.57 percent to 1,740.08 metric tons (MT) in 2014, according to...

Iranian customs announces 55% reduction in car imports

TEHRAN: Iran's Customs Administration has announced a 55-percent reduction in car imports during the first 4 months of the current...

Greece’s Queensway causes bitumen spill in Spain: Customs

MADRID: Spanish Customs authorities are demanding that Greece’s Queensway Navigation pay for a bitumen spill from one of its product...

Spain unemployment declines 70,028 sharply in July

MADRID: Spain’s unemployment logged its biggest drop for July since 1998, data from the labor ministry showed Tuesday. The number...

Atlantic Petroleum to make changes as funds fall short

COPENHAGEN: North West Europe focused E&P group Atlantic Petroleum has engaged Pareto Securities as a financial advisor with the purpose...

Soya oil imports pulling down soya bean prices