Friday , November 15 2019
Breaking News
Home / Author Archives: admin

Author Archives: admin

Greece to Cut Taxes and Offer Incentives for Large Investments

The Greek government plans to offer tax relief to households, to cut business taxes and offer incentives to lure wealthy individuals to change their tax residence to the country as part of a new bill which opened for public consultation on Thursday. The proposed legislation provides extensive measures to reduce the burden on households, including the introduction of a basic ... Read More »

Finland’s Gasum boosts LNG business in Nordics with Linde deal

Finnish state-owned gas company Gasum said on Wednesday it had agreed to buy Linde’s liquefied natural gas (LNG) and marine bunkering business in Norway and Sweden. Gasum did not disclose the value of the deal. The assets include one LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels and 48 gas filling stations. They will generate annual revenues of ... Read More »

Portugal hopes European tech investment will drive up exports

European investment in Portugal’s digital sector can help address a shortfall in equity funding for start-ups and support an export-driving technology industry, Portugal’s economy minister said. A 30 million euro fund backed by the European Investment Fund, the Portuguese government and venture capital investors was announced on Tuesday at the Web Summit – Europe’s largest tech conference, held in Lisbon ... Read More »

Chicken ‘billionaire’ Poland is Europe’s poultry king

In what looks like a Niagara Falls of yellow feathers, thousands of chicks cascade down a conveyor belt in central Poland. A day old, they only have 41 left to live. Their fate is sealed: once grown, they will wind up on a plate. Their lives may be brief, but their living conditions could be better, according to animal rights ... Read More »

Facing another election, Spanish economy feels effects of the stalemate

The government that emerges from Spain’s parliamentary election if one is formed at all – will have an increasingly complicated situation to deal with on many fronts, including the economic one. With the economy giving signs that the end of a cycle is near, the latest survey by the Family Business Institute shows that 16% of entrepreneurs are planning to ... Read More »

Hungary accepts big penalty for mismanaging EU funds

BUDAPEST: Hungary has accepted a penalty for poorly managing funds it receives from the European Union that could cost Budapest more than 500 billion forints (£1.3 billion or $1.65 billion) in funding. Details of the penalty were set out in a document prepared by the European commissioner for neighbourhood policy’s team for a meeting of the European Parliament’s Budget Control ... Read More »

Non-oil exports expected to create sustainable economy for Oman

Muscat: Oman’s non-oil exports reached US$9.7 billion in 2018, which is higher from the US$8.2 billion reported in 2017, and have successfully provided employment to over 240,000 people, a senior Ithraa official said. “Oman’s manufacturers play a crucial role in communities right across the Sultanate, creating new and sustainable jobs, which have helped accelerate Oman’s ambitious economic plans,” said Nasima ... Read More »

India extends $28-mn aid to Nepal for rebuilding earthquake-hit houses

India released the third tranche of financial aid to Nepal to provide help to people in Nuwakot and Gorkha districts rebuild their houses damaged in the devastating earthquake in 2015. India released 3.10 billion Nepali rupees (approx USD 27.9 million) to Nepal government from concessional Line of Credit as a part of reimbursement of housing reconstruction in Nuwakot and Gorkha ... Read More »

Apicorp invests in AKUH, supports development of Kuwait’s oil & gas services sector

Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution, announced its first equity investment in Kuwait with the acquisition of a 24 percent equity stake in Al Khorayef United Holding and GC-16 JV (AKUH), a leading Kuwait-based oil and gas services and facilities management company. The investment will see Apicorp partnering with Al Khorayef Petroleum Company (APC), a subsidiary ... Read More »

Qatar Airways to launch direct flights to Botswana

Qatar Airways (QA) will launch its inaugural flight to Gaborone, the capital city of Botswana on December 15, making it the first Middle Eastern airline to fly directly into the country, a QA official announced yesterday. “The launch of this new route will further strengthen the ties between Qatar and Botswana, building on an already existing and flourishing relationship between ... Read More »

Taiwan signs MOU with Sulaimaniyah Chamber

The government-sponsored Taiwan External Trade Development Council (TAITRA) has reportedly signed a memorandum of understanding (MOU) with the Sulaimaniyah Chamber of Commerce & Industry (SCCI) in a bid to promote bilateral trade. Taiwan News says the document was signed by SCCI President Sirwan Mohammed Mahmood and TAITRA Executive Vice President Leonor F. M. Lin (林芳苗), during the visit of a ... Read More »

Considering exporting to Jordan? Read our new doing business guide

Here at the Institute of Export & International Trade, we focus on providing you with the most up-to-date information available, allowing you to make informed decisions in your exporting endeavours. Our latest ‘Doing Business in Jordan’ guide is now available for anyone considering business in Middle East/North Africa. Attracting more than £1 billion worth of UK exports, Jordan is a ... Read More »

Sar-i-Pul farmers happy with increased onion yield

SAR-I-PUL CITY: Northern Sar-i-Pul province has produced 59,500 tonnes of onion in 2019, showing a 20 percent increase over last year, farmers and officials said on Monday. Farmers told Pajhwok Afghan News the crop had been cultivate Read More »

Taiwan Futures Exchange awards top 43 futures traders

TAIPEI: The Taiwan Futures Exchange (TAIFEX) awarded 43 financial institutions for their dedication to promoting growth in futures trading, enabling win-win solutions for risk-averse investors and brokers. The Taiwan futures exchange has continued to gain momentum year after year thanks to its ever-expanding product lines and longer trading hours that address the massive hedging needs of Taiwan’s institutional and retail ... Read More »

Ukrainian lawmakers vote to lift ban on sale of farmland by 2020

KIEV: Ukrainian lawmakers voted on Wednesday to remove a ban on the sale of farmland for the first time in nearly two decades, a move supported by the country’s foreign backers that risks a political backlash. The proposal must be voted on a second time to come into force. The ban would be lifted in October 2020 and the government ... Read More »

On Norway’s icy border with Russia, unease over military buildup

Norway: Under a soft winter sun in northern Norway, U.S. Marines train in the ice and snow as they learn how to fight in the freezing cold. “Which country is to the northeast?” Staff Sergeant Daniel Croak bellows at a group of 20 soldiers in camouflaged combat jackets and white trousers in a pine forest near the town of Setermoen. ... Read More »

Government to reduce KUR annual interest rate to 6 percent in 2020

The government plans to reduce the annual interest rate for its microcredit program (KUR) from 7 percent to 6 percent per year starting Jan. 1, 2020. It will also rise the ceiling for KUR from Rp 140 trillion (US$10 billion) to Rp 190 trillion, in line with fund allocation, as stated in the 2020 state budget. It expects the figure ... Read More »

Danish jihadist arrested at Copenhagen Airport after Turkish deportation

More than 20 Europeans including French and Germans were also in the process of being expelled to their countries of origin. Turkey has criticised Western countries for refusing to repatriate their citizens who left to join the Islamic State group (Isis) in Syria and Iraq, and stripping some of them of their citizenship. Its interior ministry said it deported an ... Read More »

Techfest Vietnam 2019 welcomes start-ups and investors

HÀ NỘI — Innovative Vietnamese start-ups taking part in Techfest 2019 will have opportunities to connect with potential regional and global investors through a series of exciting events. The national innovative entrepreneurship day, expected to attract more than 5,500 people, 300 start-ups and 250 investors, will take place in Hạ Long City, the home to UNESCO World Heritage Site Ha ... Read More »

Germany reduces arms sales to Saudi Arabia

The German government approved two arms sales to Saudi Arabia in the first six months of the year, worth a total of €831,003 ($915,817), according to Economy Ministry figures released on Wednesday. Details of what was sold were not included in the report. In the equivalent period of 2018, Saudi Arabia was Germany’s third biggest customer, after Algeria and the ... Read More »