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.
Indonesia reduces tax on oil exploration to increase production by 12.5%
JAKARTA: The government of Indonesia is hoping to boost the national production of oil by as much as 12.5 percent,...
Qatar should impose tax on unhealthy foods to increase revenue: PwC
DOHA: Qatar should consider introducing a tax on unhealthy foods to help meet its dual goals of diversifying its revenue...
Malaysia govt spends RM17 million on GST campaign
KUALA LUMPUR: The Federal Government has spent RM17 million so far on advertising to educate the public on the GST...
Kuwait’s trade surplus with Japan shrinks 21.7% for 2nd straight month
KUWAIT CITY: Kuwait's trade surplus with Japan narrowed 21.7 percent in December to JPY 84.1 billion (USD 713 million) from...
MeadWestvaco, RockTenn join to form $16b packaging company
NEW YORK: MeadWestvaco Corporation and RockTenn Company, Packaging companies said they would combine to form a company worth $16 billion,...
New Zealand dollar drops at lowest since November 2011 against greenback
WELLINGTON: The New Zealand dollar touched US74.25 cents, its lowest level since November 2011 when the NZ dollar hit US73.71...
British Airways parent IAG likely to buy Aer Lingus
LONDON: British Airways parent International Consolidated Airlines Group is going to take over Aer Lingus when the Irish carrier said...
Bank of England: UK interest rates can rise sooner than expected as oil prices tumble
LONDON: Bank of England top policymaker said the fall in petrol prices has cut UK inflation to 0.5 per cent,...
Flybe shares slide by up to 20pc as airline announces drop in passenger revenues
LONDON: Flybe Group shares slumped more than 20 per cent after the British budget airline said it would break even...
Canada, IFC, OPIC, provide $62.7 million for Jamaica’s private sector
KINGSTON: A member of the World Bank Group, with the support of the Government of Canada and along with the...
Nigerian NDLEA seizes 247.495kg drugs in Bayelsa state, arrests 185 in 2014
ABUJA: The National Drug Law Enforcement Agency said it arrested 185 suspects and seized 247.495 kilogrammes of different illegal drugs...
Palm oil hovers around 2,211 ringgit per tonne
SINGAPORE: Palm oil code has changed and it may hover around a support at 2,211 ringgit per tonne, or rebound...
OPEC’s Secretary-General expects oil prices to rise again
LONDON: OPEC Secretary-General Abdullah al-Badri has said that oil prices could move higher very soon."Now the prices are around $45-$55...
Samsung aims to buy BlackBerry, offers $7.5 billion
NEW YORK: Samsung has offered to buy BlackBerry for $7.5 billion. South Korea’s Samsung proposed an initial price range of...
Chinese property giant Dalian Wanda to invest $1b in Sydney
SHANGHI: Chinese property giant Dalian Wanda, owned by China’s second richest man, is set to invest $1bilion (£667milion) in a...
Cyber Caliphate hacks Malaysia Airlines website
NEW YORK: The website of Malaysia Airlines' (MAS) was hacked by a group calling itself "Cyber Caliphate". The users were...
Obama, Modi renews 10-year defense pact to build nuclear power plants
NEW DELHI: President Barack Obama and his Indian counterpart met and paved the way for American companies to build nuclear...
Job growth in Hong Kong financial services sector to hike 15%
HONG KONG: Job growth in Hong Kong’s highly paid financial services sector is set to jump 15 per cent in...
Malaysia imposes new citrus import protocols
KUALA LUMPUR: Shipments of citrus to Malaysia will now have to comply with phytosanitary requirements following amendments to citrus import...
Indonesia’s govt extends export permit of giant miner Freeport
JAKARTA: Giant miner PT Freeport Indonesia has secured assurance from the government that it can continue exporting copper concentrate, despite...
