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Author Archives: CT Report

Jordan resumes tomato exports to Syria

AMMAN: Agriculture Ministry announced the resumption of vegetable exports to Syria, mainly tomato, and said that more than 200 tonnes of vegetables were exported last Thursday via Aqaba Gulf to Lebanese and Syrian ports. Assistant secretary general of the ministry for marketing and information Salah Tarawneh said that more shipments of vegetables will head to Lebanon and Syria this week. ... Read More »

Qatar’s trade surplus drops 36.7%

DOHA: The difference between total exports and imports showed a decrease of QAR12.6bn, or 53.6%, compared to November 2014. November saw the value of Qatar’s total export of goods, including exports of goods of domestic origin and re-exports, standing at QAR21.3bn This is a 36.7% decrease year-on-year and a 5.9% decline, month-on-month. November imports, however, touched QAR10.4bn, an increase of ... Read More »

Kuwait Customs seizes 3kg of marijuana at airport

KUWAIT: An Asian man was arrested at Kuwait International Airport with possession of marijuana which he admitted of attempting to smuggle into Kuwait. A total of three kilograms of the drug were found hidden in cases of nuts inside the suspect’s luggage, said Suleiman Al-Fahad, Airport Customs Supervisor. The man, who faces capital punishment if convicted with drug trafficking, was ... Read More »

Nepal gold imports up 2.5 times to Rs6.36b in 5 months of fiscal year

  KATHMANDU: Nepal imported less of everything except gold and colza seeds in the first five months of the fiscal year. Gold imports soared 2.5 times to Rs6.36 billion while imports of colza used to make oil swelled 11.5 percent to Rs1.44 billion, according to the Trade and Export Promotion Centre (TEPC). Meanwhile, silver imports fell the most with a ... Read More »

Spanish police seize 3,000kg of cocaine, arrest 3 Dutch smugglers

MADRID: The Spanish police arrested three Dutch, seven Brits and two Spaniards in a major drug trafficking bust. Cars, weapons, 3 thousand kilograms of cocaine and 1.2 million euros were seized. According tot he Spanish police, this was one of the main drug gangs in Europe. They worked from a base in Costa del Sol in the northwestern Galicia and ... Read More »

Irish beef exports to US €11m in 2015

DUBLIN: Minister for Agriculture, Food and the Marine Simon Coveney in New York launching the marketing strategy for Irish beef in the US. Irish beef exports to the US last year were worth approximately €11m according to the latest figures from the Department of Agriculture. This is significantly short of the €50-100m value the Minister for Agriculture had predicted was ... Read More »

Dubai Customs, Chamber of Commerce sign MoU

DUBAI: Dubai Customs and the Dubai Chamber of Commerce and Industry announced they had signed a Memorandum of Understanding (MoU) to “streamlining the synergy in implementing the Dubai Customs’ in-house developed and owned ‘Risk Engine’ at Dubai Chamber”. The statement said this agreement is “the outcome of both parties’ keenness to achieve optimal strategic goals and to better forge bonds ... Read More »

TREC holders inducted into Pakistan Stock Exchange

LAHORE: As the formal inauguration of the Pakistan Stock Exchange Limited (PSX) draws near, the Lahore Stock Exchange’s (LSE) Trading Right Entitlement Certificates (TREC) Holders were formally inducted into PSX thereby enabling them to start trading as PSX TREC Holders on the eve of the launch of PSX on January 11, 2016. The Securities and Exchange Commission of Pakistan (SECP) ... Read More »

Abu Dhabi Ports successfully implements of port community system

ABU DHABI: Abu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate, has started initial trial operations of its Port Community System, ‘Maqta Gateway’, following the successful completion of Stage1 of the overall project development. Maqta Gateway, the first purpose built Port Community System (PCS) in the Emirates, now offers shipping lines, ... Read More »

Indian air Customs seizes foreign currencies Rs. 56 Lakh during flight

  KOCHI:  Air Intelligence Unit of the Customs in Kochi international airport has seized foreign currencies equivalent to Rs. 56 lakh from a passenger, who tried to smuggle the currencies to Sharjah by an Air India Express Flight. Customs officials said the personnel of Air Intelligence Unit late last night effected the seizure of Saudi Riyals 3,12,000, USD 4150 and ... Read More »

Australian Chamber to open trade office in Tehran

CANBERRA: The Australian Chamber of Commerce and Industry has decided to open a trade office in Tehran, Australia’s Ambassador to Iran Paul Foley said in his meeting with Mehdi Karbasian, the board of directors’ chairman of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Foley said the Australian Trade Commission, Austrade, is planning to send a trade delegation ... Read More »

Denmark seeks to increase economic exchange with Iran

COPENHAGEN: Denmark seeks to increase its economic exchange with Iran and looks forward to win-win trade with the Islamic Republic, says Danish Foreign Minister Christian Jensen. The top Danish diplomat made the comments on Tuesday in Tehran at a gathering on the promotion of trade between the two countries. Jensen made reference to the decades-long diplomatic relations between the two ... Read More »

Denmark’s GDP drop in Q3 of 2015

COPENHAGEN: Denmark’s markets were disappointed as GDP dropped in the third quarter of 2015 after witnessing eight consecutive quarters of growth. With exports performing weakly, the country’s GDP contracted 1% over the quarter. Considering the length and depth of the contraction in the country’s economic growth, recovery is not expected to be robust. With new jobs being created by the ... Read More »

German exports up 0.4% to $108b last month

BERLIN: Germany’s exports edged higher in November on stronger demand for goods and services from Europe’s biggest economy both inside and outside the region, official data showed on Friday. German exports inched up by a seasonally adjusted 0.4 percent to 99.3 billion euros ($108 billion) in November, the federal statistics office calculated. Imports grew more strongly, rising by 1.6 percent ... Read More »

Germany to re-examine arms exports to Saudi Arabia

BERLIN: Germany may look harder at its arms exports to Saudi Arabia after the Gulf kingdom carried out its biggest mass execution for decades on Saturday, German Economy Minister Sigmar Gabriel said. Berlin is not planning to impose sanctions on Riyadh after the executions, a foreign ministry spokesman said. But Gabriel’s ministry has in the past rejected some arms deliveries ... Read More »

Belgium business confidence improves for third month

BRUSSELS: Belgium business confidence unexpectedly improved for a third straight month in December, as activity level strengthened in all sectors, survey data from the National Bank of Belgium showed Tuesday. The business confidence indicator rose to -1.4 from -3.9 in November. Economists had expected the score to remain steady. The confidence measure for the manufacturing industry climbed to -3.7 from ... Read More »

Turkey,Iraq agree to open new border gate for trade

BAGHDAD: The Habur border gate between Turkey and Iraq has been closed for three weeks  due to clashes in the area; but thanks to the anticipated opening of 4 new border gates, trade between the two countries, which is worth $10 billion annually will be facilitated. The Habur border gate reopened Tuesday and priority was given to trucks carrying fresh ... Read More »

Iran, Uzbekistan expand trade ties

TEHRAN: Iran and Uzbekistan should expand their trade relations, said Valiollah Afkhami-Rad, the director of Trade Promotion Organization of Iran (TPOI). Afkhami-Rad made the remarks in a meeting with Uzbek Ambassador to Iran Bahador Abdullaev, in Tehran on January 6, to explore ways for bolstering Iran-Uzbekistan trade ties, according to the Islamic Republic of Iran Broadcasting (IRIB). Iran and Uzbekistan ... Read More »

Philippines budget swings to surplus in 2015

MANILA: The government posted its fourth budget surplus for 2015 in November, the Bureau of the Treasury reported yesterday. The budget balance swung to a P6.03 billion surplus in November after two consecutive months of deficit. It marked the fourth time last year that the balance went positive after recording a surplus in April (P52.6 billion), May (P67.34 billion) and ... Read More »

Supreme Court upholds suspension of P650m customs computerization

MANILA: The Bureau of Customs has secured temporary relief from the Supreme Court (SC) in implementing the cancellation of a P650-million contract for the BOC’s computerization. The SC issued a temporary restraining order (TRO) stopping the Manila Regional Trial Court (RTC) Branch 47 from canceling the BOC’s award of the contract to Omniprime Marketing Inc. and Intrasoft International Inc. for ... Read More »