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Author Archives: ghadia

Paradip Port Trust to invest Rs10,000 cr in development

NEW YORK: Paradip Port Trust (PPT) plans to invest around Rs10,000 crore to modernise and develop new facilities in order to enhance its capacity to 320 million tonnes from 170 million tonnes, according to a company release. MT Krishna Babu, Chairman, Paradip Port Trust, said that the investment would also include adding 150 million tonnes capacity at the outer harbour. ... Read More »

Nigerian shipping council faces financial loss under declaration of goods at ports

ABUJA: Executive Secretary of the Nigerian Shippers’ Council, NSC, Mr. Hassan Bello, yesterday, said Nigeria was bleeding through financial losses as a result of under declaration of goods at the ports. Disclosing this in Lagos during a courtesy visit by a team of Editors, Hassan said it was only a fully automated port industry that could truly checkmate the financial ... Read More »

Blount Chamber to support small businesses

NEW YORK: Blount Chamber of of Commerce is reminding shoppers to “shop small” this holiday season through Small Business Saturday. Nineteen small businesses in Blount County elected to participate in the sixth annual Small Business Saturday, which traditionally falls on the Saturday after Thanksgiving. Founded by American Express in 2010, Small Business Saturday is a day to celebrate the small ... Read More »

Laredo Chamber promoting small Business

LAREDO: There are around 5,000 local businesses in Webb County that generate about eight billion dollars a year, which goes straight back into our economy. Small Business Saturday is an initiative that the Laredo Chamber of Commerce is a part of to help spread the word about purchasing and using local business, goods and services. It’s about more than just ... Read More »

Shenango Valley Chamber to seek new course

NEW YORK: The Shenango Valley Chamber of Commerce will be seeking a new course for its future as the organization is exiting a contract for its administration. The chamber has been administered by the Lawrence County Chamber of Commerce for more than five years under a working contract. Terms of the contract allow the Shenango Valley Chamber to sever its ... Read More »

Ottawa firm wins Ontario Chamber award

OTTAWA: Ottawa’s Valydate was handed the Ontario Going Global, Small Business Award earlier this week at the Ontario Chamber of Commerce 2015 Ontario Business Achievement Awards. provided Valydate CEO Michael Alam (left) accepting the Ontario Going Global, Small Business Award from the Ontario Chamber of Commerce. Valydate specializes in electronic circuit simulation and schematic review analysis and its CEO, Michael ... Read More »

Ridgefield Chamber launches online survey

NEW YORK: Ridgefield Chamber of Commerce has launched an online survey seeking feedback about residents’ and shoppers’ experiences living, working and visiting in town. The 15-minute survey is available at the Chamber of Commerce website and can be taken until Dec. 13. While respondents’ names and answers will be kept confidential, they will also be automatically entered into a raffle ... Read More »

Gatineau Chamber president resigns

OTTAWA: The president of the Gatineau Chamber of Commerce, who publicly suggested the president of Brigil Construction, was polarizing the business community with George Bush-like tactics, resigned from his position Friday. In a written statement, Antoine Normand, who has served as president since March 2012, thanked those who supported him over the years and said he was leaving with his ... Read More »

Customs struggling continuous traffic flow at Biratnagar border gate

KATHMANDU: Walking through the narrow Jogbani Main Road in Bihar, which connects the Biratnagar border gate of Nepal with NH 57, is an experience. Even pedestrians are caught in a jam here. Biratnagar is home to nearly 400 manufacturing units and is the second largest industrial hub in Nepal after Birgunj. To ensure smooth movement of the cargo, the Nepalese ... Read More »

Iran keens to invest in Azerbaijani energy sector

TEHRAN: Iran is interested in Baku’s proposal to use Azerbaijan’s infrastructure for transporting energy resources to the world markets, Azerbaijan’s Energy Minister Natig Aliyev said. He recalled that such an initiative was made by Azerbaijan during a summit of Gas Exporting Countries Forum held in Tehran on November 23. “Azerbaijan enjoys a developed pipeline infrastructure. Besides existing pipelines running to ... Read More »

Iranian non-oil trade reaches at $56.9b in 8 months

TEHRAN: The value of Iran’s non-oil trade hit $56.9 billion in the first eight months of the current Iranian calendar year, which began on March 21, according to the Iran Customs Administration. The country exported $29.63 billion of non-oil goods in the eight-month period, while imported $27.3 billion of non-oil goods. China, Iraq, the United Arab Emirates, India, and Afghanistan ... Read More »

Russia cuts trade ties with Turkey

MOSCOW: A technician inspects an orange in plant quarantine center, imported from Turkey according to representatives of the center, in the settlement of Bykovo, Moscow region, Russia. Russia’s decision to spite Turkey for downing a Russian jet by cutting trade ties and tightening customs controls for Turkish goods reinforces Moscow’s image as an unreliable trade partner Russia took a step ... Read More »

Turkey imposes additional Customs duties on certain goods

ANKARA: In 2011, Turkey imposed for the first time “additional customs duties.”  These are duties as high as 50% imposed on top of normal customs duties on certain goods entering the Turkish territory.  These additional customs duties affect goods originating in (i.e., made in) the United States, as well as all countries with which Turkey has no preferential trade agreement ... Read More »

Indiana chamber organizes Engineering expo for domestic, foreign visitors

LUDHIANA: The International Engineering Technology Sourcing Show (IETSS) being organized by the Chamber of Industrial and Commercial Undertakings (CICU) at GLADA ground, Chandigarh Road received a large number of visitors from India and abroad on the opening day. The highlight of the show was the visit of a business delegation from Sri Lanka and the presence of diplomats from three ... Read More »

Dubai’s Jebel Ali Free Zone reports 74% increase in trading activities

DUBAI: Construction companies in Dubai’s Jebel Ali Free Zone have reported a 74 percent increase in trading activities in the last five years, according to a recent statement from the free zone. The free zone said on November 22, 2015, that companies in the construction sector experienced a growth in trade value from AED10.7bn (USD2.9bn) in 2009 to AED18.6bn in ... Read More »

New terminal in Zayed Port to facilitate customs, banking

ABU DHABI: The 2015/16 cruise season is set to be Abu Dhabi’s busiest to date, with the new state-of-the-art Abu Dhabi Cruise Terminal – opening in December – expecting to welcome 220,000 passengers from 113 ship calls. The new terminal will be located in Zayed Port and offer a wide range of facilities, including 24-hour immigration and customs facilities, banking ... Read More »

Abu Dhabi court sentences Asian man in money laundering case

ABU DHABI: The Abu Dhabi Appellate Court looked into a case of an Asian national who was charged with concealing Dhs246,500 at the Abu Dhabi International Airport. The court postponed the case to Dec.29 for the verdict. Details of the case date back to a time when the suspect arrived at Abu Dhabi International Airport from his country, carrying a ... Read More »

Nigerian Customs to continue physical Cargo inspection

ABUJA: Nigeria Customs Service, NCS, has said that it will continue physical examination of cargo for now because scanners which should aid e-examination are broken down. Acting Comptroller General of Customs, ACG, in charge of Zone “A”, Charles Edike, who disclosed this in Lagos, said that the Service has no choice but to rely on physical examination as the scanners ... Read More »

Nigerian Customs arrests 5 in oil smuggling case

ABUJA: Nigeria Customs Service (NCS), Western Marine Command (WMC) has ar­rested five persons suspected to engage in oil theft on Nigerian waters. The suspects from Benin Republic were said to be speeding on the high seas offshore of Lagos when they were accosted by armed Naval personnel and Customs, WMC operatives. The Customs Area Controller, WMC, Yusuf Umar while parading ... Read More »

Customs revises online shoppers’ rules

NEW DELHI: The Customs & Excise Division has started to clamp down on courier service operators who have not been presenting invoices so that their goods could be correctly assesed for duties and taxes. A week ago two businesses were fined $50,000 after customs officials discovered they had undervalued items brought into the port. Comptroller of Customs Raju Boddu told ... Read More »