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Author Archives: CT Report

US envoy invites Dar to attend Global Connect Initiative meeting

ISLAMABAD: US Ambassador, David Hale called on Federal Finance Minister, Ishaq Dar. The US Envoy on this occasion handed over to the Finance Minister, a letter from Catherine Novelli, US Under Secretary of State for Economic Growth, Energy and Environment, inviting him to attend the Global Connect Initiative (GCI) meeting being hosted by the US State Department and the World ... Read More »

Agriculture development necessary for food security of Pakistan: Australia envoy

FAISALABAD: Development of Agriculture value chain is imperative for the successful economic development of Pakistan. In this connection, Australia is already helping Pakistan for the processing of exotic Pakistani fruit mango while value chain related projects for other crops could also be initiated in next phase of bilateral cooperation, said Margaret Adamson High Commissioner of Australia in Pakistan. She was ... Read More »

Dar chairs meeting to review portfolio of World Bank Projects

ISLAMABAD: Federal Finance Minister, Ishaq Dar here chaired a meeting to review portfolio of World Bank Projects in Pakistan. World Bank Country Director, WB country director Pochumuthu Illangovan along with other senior World Bank officials attended the meeting. Senior officials of the Finance Division, EAD and FBR were also present. The Finance Minister said that having achieved economic stability, the ... Read More »

Pak-Tajik Trade and Cultural Festival will promote bilateral trade: Envoy

ISLAMABAD: The Embassy of Tajikistan in Pakistan in collaboration with the Chamber of Commerce and Industry of the Republic of Tajikistan would organize a Pak-Tajik Trade and Cultural Festival 2016 from 7th-10th April 2016 in Dushanbe, Tajikistan and it was a good opportunity for Pakistani businessmen to participate in the festival to show potential of their products to Tajik customers ... Read More »

Global shipments of motion control products fall by 3.9%

WASHINGTON: Global shipments of motion control products fell by 3.9% last year to $2.9bn, according to statistics released by the US-based trade group, the Motion Control & Motor Association (MCMA). “In 2015, the motion control market experienced a modest decline from 2014 due to a slowing manufacturing sector late in the year and contractions in a few main product categories,” ... Read More »

Customs Agency launches new website

LONDON: Customs Director Fernando Fernandez on Tuesday launched a new website, developed under best national and international commercial practices, with statistics and analysis related to business, trade and public activities the Dominican Republic. “The companies that don’t delve into technologies and put them within reach of their members take a step backward, and we need to move forward to consolidate ... Read More »

Hard drive shipments drop nearly 17% in 2015

WASHINGTON: Today we’re launching a new feature on the AnandTech Pipeline: Quarterly HDD shipments reports. Here we’ll examine HDD sales and analyze what’s behind them. Since some numbers are estimates, we recommend you to check our counting methodology in the end of the story before reading. While no one is writing off the PC market entirely, since it’s heyday nearly ... Read More »

TV shipments decline in 2015

WASHINGTON: The abrupt weakening of global demand for TV sets, combined with continued LCD capacity expansion, caused an oversupply in the market in the second half of 2015. This shift to oversupply has resulted in extremely steep LCD TV panel price declines, but it has been difficult to pass the savings along to consumers, as inflation and currency depreciation in ... Read More »

Azeri oil shipment from Ceyhan by late Feb falls

BAKU: The State Oil Company of Azerbaijan (SOCAR) has announced the latest statistical data on Azeri oil export via main export pipeline Baku–Tbilisi–Ceyhan (BTC) named after Heydar Aliyev: shipment of oil from Ceyhan fell by 16% in February against January 2016. SOCAR informs that it was shipped 2.387 million tons of Azeri oil from the Turkish port of Ceyhan in ... Read More »

Turkish inflation eases in Feb

ANKARA: Turkish consumer prices fell slightly in February in line with a dip in food and drink prices, data showed on Thursday, coming out below market expectations and providing temporary respite on inflation concerns. The data triggered slight gains in the lira. High inflation is a major worry for policy makers in Ankara and Turkey’s central bank left key interest ... Read More »

Nepse index up 0.49%, closes in on 1,300 points

KATHMANDU: The news of the appointment of deputy governors at Nepal Rastra Bank (NRB) after two months fuelled investor optimism today as the Nepal Stock Exchange (Nepse) index rose 6.26 points or 0.49 per cent to record a fresh all-time high of 1,295.78 points. While the trading subgroup held steady at 201.38 points, manufacturing and hotels were the only two ... Read More »

Consumer automotive financial services in Italy

ROME: Consumer Automotive Financial Services in Italy investigates the market for automotive financial services linked to sales of new and used passenger cars to individual buyers in Italy. In addition to analysing the market for finance and leasing services, the study also covers creditor insurance, motor insurance, road assistance, extended warranties, prepaid service contracts and GAP insurance, plus stand-alone driver ... Read More »

Fuel prices to remain same for March

AMMAN: The government on Monday decided to keep the prices of fuel derivatives unchanged in March. The decision, issued by Minister of Industry, Trade and Supply Maha Ali, was taken based on the government pricing committee’s review of international oil prices. A government pricing committee meets monthly to adjust prices in a manner that corresponds to changes in oil prices ... Read More »

Govt approves social contract agreement

HELSINKI: Justice and Labour Minister Jari Lindström (left), Prime Minister Juha Sipilä, and Finance Minister Alexander Stubb spoke at a press conference on Wednesday on the social contract. Photo – Lehtikuva. Prime Minister Juha Sipilä on Wednesday announced that the government had approved the labour market organisations’ proposal for a social contract. The social contract drawn by the labour market ... Read More »

Revenue of hotels in Oman exceeds OMR192m in 2015

MUSCAT: Revenue of hotels classified as 3-5 stars touched OMR192.13 billion 2015, compared to OMR191.50 billion in 2014, according to figures issued by the National Centre for Statistics and Information. The occupancy rate recorded a 2.1 per cent increase by reaching 61.7 per cent compared to 60.4 per cent logged during the same period of 2014, while the number of ... Read More »

Iraq signs contract with Italy’s Trevi to maintain Mosul dam

ROME: Iraq has signed a contract with Italy’s Trevi Group worth 273 million euros ($296 million) to reinforce and maintain the Mosul hydro-electric dam for a period of 18 months, state television reported on Wednesday. Italy has said it plans to send 450 troops to protect the site of dam, which is 3.6 km (2.2 miles) long and close to ... Read More »

UAE’s non-oil private sector growth rebound in Feb

DUBAI: The UAE’s non-oil privates sector showed a rebound in growth last month with output rising at a marginally faster rate, according to the Emirates NBD UAE Purchasing Managers’ Index (PMI) The February index rose to 53 from a 52.7 in January, signalling growth in the non-oil private sector compared to persistent slowdown in four of the previous five months. ... Read More »

Iraq-Turkey oil pipeline to restart within days

BAGHDAD: An oil pipeline linking northern Iraq to Turkey which has been out of service since Feb. 17 is expected to resume operations “within a couple of days”, the chief executive of Genel , one of the main oil producers in Iraqi Kurdistan, said. The Turkish government was reinforcing security measures on the pipeline and these changes should limit downtime ... Read More »

Vietnam’s plastics sector to maintain growth rate of 14-16%

HCM CITY: Viet Nam’s plastics sector will maintain its strong growth rate of 14-16 per cent in the next few years due to its young population and high consumption capacity, according to the Viet Nam Plastics Association. Falling oil prices will benefit the plastics manufacturing by lowering production costs but also boosting demand, Ho Duc Lam, chairman of the association, ... Read More »

Vietnam, Turkey hope to double trade

HCM CITY: Viet Nam and Turkey have set themselves a target of doubling bilateral trade to US$3 billion this year, according to the Viet Nam Chamber of Commerce and Industry (VCCI). Speaking at a business meeting in HCM City yesterday, Nguyen The Hung, deputy director of VCCI’s HCM City office, said trade between the two countries had grown rapidly in ... Read More »