World Business
A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.
Amazon adds $3 billion to India investment plans
WASHINGTON: Amazon.com Inc is to invest US$3 billion more to build its business in India, stepping up its bet that...
Apple raises $1.38bn on insurers’ appetite
SAN FRANCISCO: Apple Inc sold US$1.38 billion of US dollar-denominated bonds in Taiwan, while Canada’s Manulife Financial Corp also priced...
Tehran, Seoul accord to loosen customs restrictions
TEHRAN: To speed up mutual trade transactions, Iran and South Korea have taken preliminary steps to ease customs restrictions, IRIB...
Kenya sets sights on fruit exports
NAIROBI: Kenya has set its eyes on horticultural crops and fruits in a bid to shore up earnings from the...
OK Zimbabwe profits slump
HARARE: Retail giant, OK Zimbabwe recorded a huge decline in profit for the year to March 31, 2016 to $700...
Uruguay wants to increase citrus exports to China
WASHINGTON: Uruguay wants to promote the export of its citrus products to China to offset the fall in sales in...
Ghana sees first LNG imports landing in early 2017
CAPE TOWN: Ghana expects to start importing liquefied natural gas (LNG) early next year, the acting chief executive of Ghana...
Nigeria’s ban on poultry imports
GHANA: Ghana’s government is currently implementing an ambitious programme aimed at reversing the nation’s dependence on imported poultry by increasing...
Chile’s imports likely to grown in May
SANTIAGO: Chile’s imports are expected to have grown for the first time in 17 months in May, whereas exports are...
Imports of gas to Slovakia decreased
WASHINGTON: Slovakia, almost 100-percent dependent on the import of natural gas, reduced gas imports in 2015. While the value of...
Azerbaijan increases income to budget through customs
BAKU: The State Customs Committee of Azerbaijan has transferred 850.6 million manats to the state budget in January-May 2016, or...
KYEC May revenues hit record for 3rd straight month
LONDON: IC testing company King Yuan Electronics (KYEC) has reported consolidated revenues of NT$1.71 billion (US$52.6 million) for May 2016,...
Majid Al Futtaim achieves $1bn in revenues in 2015
WASHINGTON: Daily News Egypt interviewed Chief Human Capital Officer at Majid Al Futtaim Holding, Mouien Al Madhoun, to talk about...
Oklahoma unemployment rate rises
WASHINGTON: Oklahoma’s unemployment rates have hovered around 4.1 since November 2015 until February 2016 when rates increased, according to the...
Egypt sees 69% rise in building material exports in April
CAIRO: The export of Egyptian building materials touched a record of 3.49 billion Egyptian pounds ($392.7 million) in April, marking...
Venezuela requests payment
CARACAS: Venezuela’s state oil company Petroleos de Venezuela SA has given Paraguay a 10-day deadline to pay a US$287 million...
U.S. jobless rate drops to lowest level since 2007
WASHINGTON: The U.S. economy added fewer jobs in May, but the unemployment rate dropped to 4.7 percent, the lowest level...
Unemployment rate in Pine Bluff down for 4th straight month
WASHINGTON: For the fourth straight month, the unemployment rate in Pine Bluff declined in April and reached its lowest point...
Western marine customs generates n269.6m revenue
WASHINGTON: The Western Marine Command of the Nigeria Customs Service (NCS) says it recorded the sum of N269.6 million in...
California exports continue to slide in April
WASHINGTON: California exports continued to slide downward in April, dented by a relatively strong dollar and sluggish economic conditions abroad. Golden...
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