Pakistan receives $4.21b from donors in 8 months
ISLAMABAD: Pakistan received $4.21 billion from multilateral and bilateral donors in first eight months (July-February) of current fiscal year. According...
Take home pay to slip slightly in April
AMSTERDAM: Dutch workers will retain slightly less of their salaries from April as they did in the first three months...
Kazakhstan increases vegetable oil exports
WASHINGTON: Kazakhstan, being vegetable oil net importer several years ago, became a net-exporter again. Exports from Kazakhstan were not very...
Tax authorities to monitor Greeks’ bank accounts across the European Union
ATHENS: Greece’s tax authorities will soon be able to monitor all bank accounts that Greek taxpayers have within the European...
ADB pegs 3% growth rate for Thailand
BANGKOK: The Thai economy is expected to expand by 3 per cent in 2016, according to the Asian Development Bank....
Schaeffler AG revenue increases to above EUR 13 billion
HERZOGENAURACH: Automotive and industrial supplier Schaeffler was able to continue moving along its successful course in 2015. The company expanded...
SC moved to set aside SHC verdict in Ayyan case
ISLAMABAD: The federal government has asked the Supreme Court of Pakistan to set aside the Sindh High Court’s verdict of...
EU suspended 121 million euro of development funds meant for Hungary
BUDAPEST: The European Union last week suspended the transfer of 121 million euros of development funds earmarked for Hungary because...
S. Korea’s beer imports hit record high in 2015
SEOUL: South Korea imported a record amount of beer last year as more consumers preferred various flavors beyond the lager-dominated...
Cut in imports linked to Afghans poor economic condition
KABUL: The country’s exports have increased by 30 percent in 2015 compared to 2012, while imports that remain 14 times...
South Africa’s Capitec posts profit rise as client numbers climb
CAPE TOWN: South African lender Capitec Bank Holdings reported a 26 percent rise in full-year profit on Wednesday, in line...
Saudi’s Savola says EBRD to invest $100 mln in Egypt subsidiary
RIYADH: Saudi Arabia's largest food products company, Savola Group, said on Tuesday the European Bank for Reconstruction and Development (EBRD)...
Firms ramp up investments in India
TAIPEI: Several Taiwanese electronics manufacturers plan to increase their investment in India this year, as they seek to take advantage...
Saudi Arabia business in restaurants down 30%
JEDDAH: Business in restaurants has dropped by 30 percent after the end of the spring break. Fahd Al-Jasser, a restaurant...
Qatar stocks jump 1.69%; Saudi falls after weak data
DOHA: Qatar stocks closed 1.69 percent up and finished at 10,316.67 yesterday with most sectors ending in the green. QNB...
NBK-Egypt reports EGP 575.6m in net profits in 2015, up 53.3%
KUWAIT: National Bank of Kuwait-Egypt, the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, reported a net profit...
China’s foreign service trade deficit narrows
BEIJING: China continued to see a deficit in foreign service trade in February but the volume continued to narrow, data...
Think tank forecasts Q1 growth at 6.7%
BEIJING: China's economic growth will remain subdued in the first quarter of 2016, expanding by around 6.7 percent before gradually...
UAE, Saudi Govt bank deposits decline
RIYADH: Banks deposits in Saudi Arabia and the UAE fell last month as low oil prices impacted balance sheets. In...
Peshawar police to give 24 smuggled vehicles to Customs
PESHAWAR: The local police have decided to give 24 non-custom paid vehicles, which were seized by the force in different...
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