Uncategorized
Kontakt-Elektro inaugurates HUF 200m production hall
BUDAPEST: Hungarian electronics manufacturer Kontakt-Elektro today inaugurated a HUF 200 mln production hall at its base in Pécs, southwestern Hungary,...
South African’s famous brands records 14th consecutive year of growth
CAPE TOWN: Fast-food franchise group Famous Brands on Monday saw its share price rally as much as 2.72% at the...
Africa may get 4.5% economic growth in 2015
CAPE TOWN: Africa’s overall economy should advance in 2015, expanding by 4.5%, showing resilience despite weak commodity prices and the...
Tongaat headline earnings drop to R945m
CAPE TOWN: Tongaat Hulett has recorded a 14.6% drop in full-year headline earnings to R945m due to a reduction in...
AfDB expects 4.5% growth in Africa in 2015
CAPE TOWN: African economies will grow 4.5 percent this year and 5 percent in 2016 due to rising demand for...
Nigeria’s fuel crisis hits South African MTN
CAPE TOWN: A fuel crisis in Nigeria has grounded airplanes, shut banks and threatens businesses including MTN Group Ltd, Africa’s...
Banco Espirito Santo split in a rescue plan of €4.9
LISBON: Troubled lender Banco Espirito Santo is to be rescued by the Portuguese government in a €4.9bn (£3.9bn) plan that...
Portugal picks 2 bids by Brazil-based investors for TAP airline
LISBON: The Portuguese government on Thursday picked bids by two Brazil-based aviation tycoons for the next phase of privatisation of...
Jordan announces $6.9b worth of contracts
AMMAN: Following is a list of the signed agreements: Memorandum of Understanding (MoU) for the construction of a 1-gigawatt cluster...
EBRD targets for investment expansion plan in Jordan during 2015
AMMAN: The European Bank for Reconstruction and Development (EBRD) plans to increase its investments in Jordan by channelling hundreds of...
Jordan, Russia discussion over exports expansion of agricultural
AMMAN: Jordan and Russia are discussing plans to export local fruits and vegetables by sea to facilitate the movement of...
Zain Jordan expects 5% jump in 2015 revenue
AMMAN: Zain Jordan, the kingdom's biggest mobile telecoms network operator, expects revenue to rise by five per cent this year...
Malysia freezes RM560m accounts associated with Customs officers
KOTA KINABALU: Bank accounts containing a total of RM560mil have been frozen, among them 69 accounts associated with Customs officers...
China’s crude imports from Iran fall 11.6% in April
BEIJING: China’s crude imports from Iran fell 11.6 percent in April from record shipments a year ago but were still...
Vietnamese’s lychee exports to US facing local pressure
HA NOI (VNS)— The US and Australia will import Vietnamese lychees, but local businesses must bear the high cost of...
Mexico expects 5% increase in automobile shipments orders
MEXICO: Mexican exports this year are set rise 5 percent on increased demand for automobile shipments and other manufactured goods...
India’s Jaitly allows cut in interest rates
MUMBAI: "It is," said Arun Jaitley, when asked whether the time is right for the Reserve Bank of India (RBI)...
Exxon rejects allegations of lobbying on Iran sanctions
TEHRAN: ExxonMobil (NYSE:XOM) denied reports Friday that it was lobbying the U.S. government to do business in Iran. "ExxonMobil is...
India’s AIBEA revises pact with Indian Banks Association
MUMBAI: Bank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA)...
India’s fund managers pump in Rs 22k crore in debt markets
NEW DELHI: Mutual fund managers pumped in over Rs 22,000 crore in the debt market in April, mainly on account...
