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Author Archives: ghadia

Customs seizes 30t of counterfeit perfume, aftershave at Dublin port

DUBLIN: Nearly 60,000 bottles of aftershave and perfume were seized by customs officers when they were found stashed in a consignment that originated in China. However they would have netted approximately €8 million if sold over the counter in retail outlets. Imports are regularly checked at Dublin Port to combat VAT avoidance. A spokesperson for Customs said that if the ... Read More »

Customs, excise court to be open in Chandigarh from Dec 1

CHANDIGARH: The bench will have territorial jurisdiction over Punjab, Haryana, Jammu and Kashmir, Himachal Pradesh and Chandigarh, A Mohan Kumar, registrar, CESTAT, said. People will no longer have to visit Delhi for matters pertaining to customs, excise and service tax as the regional bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) will start functioning here from December ... Read More »

Saudi riyal devaluation talk ‘far-fetched’

RIYADH: Saudi Arabia has the tools available to protect itself as low oil prices push the current account and budget balances of the world’s top crude exporter deep into deficit, senior bankers in Saudi Arabia and the Gulf said. In private conversations with Reuters this week, the bankers – many of whom are in contact with Saudi authorities – said ... Read More »

Saudi Arabia, Bangladesh to set up fertilizer project in Dhaka

RIYADH: Saudi Arabia and Bangladesh are setting up a flagship fertilizer project in Dhaka, visiting Finance Minister Abul Maal A. Muhith told Arab News. Muhith said Saudi Finance Minister Ibrahim Al-Assaf had accepted his proposal to set up the joint fertilizer plant in Dhaka. Muhith said he will work out the details of the project and send it to Saudi ... Read More »

India Expo to be held in Dhaka

NEW DELHI: In the background of tremendous scope of exports to Bangladesh with India’s total imports in December 2014 of USD 41 billion and Indian exports of USD 7 billion to Bangladesh, India Expo Dhaka is being organised by FIEO on November 28-29, 2015 at the Pan Pacific Sonargaon, Dhaka, Bangladesh with a contingent of 96 delegates representing 53 companies ... Read More »

Saudi counters ‘lower for longer’ oil mantra

RIYADH: Saudi Arabia’s veteran oil minister made clear late last year that the kingdom would no longer prop up the oil market, saying it was tired of cutting output to guarantee $100 a barrel for high-cost rivals. Ali al-Naimi added that even if oil “goes down to $20” Opec’s largest producer would not change course. A year on, as Opec ... Read More »

Turkmenistan plans to export 200,000 tons of wheat

ASHGABAT: Turkmenistan plans to sell 200,000 tons of the wheat that exceeded the country’s domestic demand, at foreign markets through the State Commodity and Raw Materials Exchange of Turkmenistan, according to the decree signed by Turkmen President Gurbanguly Berdimuhammadov. The document aims to further increase the country’s export potential to sell wheat surplus. Earlier it was reported that it was ... Read More »

Dubai Customs presents 9 initiatives to ensure Customs satisfaction

DUBAI: With 80 million passengers projected to pass through Dubai International Airport by the end of 2015, Dubai Customs has devised big measures to facilitate seamless airport procedures for passengers by introducing the best innovations, custom officials said on Tuesday. At their first Government Innovation Lab, organised by the Passenger Operations Department of Dubai Customs on Tuesday, over 300 new ... Read More »

Maldives Customs imposes state TV only policy

MALÉ: Maldives customs body blocked viewing of television channels other than the state broadcaster at its offices. In a circular, customs said viewing of any channel other than the “national television” in its office had been “prohibited” from Thursday. However, the circular, signed by newly appointed customs chief Mohamed Junaid, did not specify a reason. Customs spokesperson Ahmed Niyaz told ... Read More »

Hertfordshire Chamber donates £500

LONDON: Hertfordshire Chamber of Commerce donating £500 towards gifts for young people leaving care. The money was used to buy kitchen, bathroom and bedroom accessories and decorative items to help care leavers settle into their new homes. Care leavers are young people 16-21 in the process of moving on from foster homes and residential care into independence. Moving to independence ... Read More »

Langley Chamber warns members for phone scam

OTTAWA: ’Tis the season for phone scams, it would seem. The Greater Langley Chamber of Commerce is the latest organization to warn its members that a phone scam is making the rounds, with the fraudsters using their name. The Chamber has received reports of a telephone scam in which the caller impersonates a representative of the Langley Chamber and asks ... Read More »

Tunisia textile exports, imports increase by 6.3%

TUNIS: The value of Tunisia’s textile and clothing sector exports and imports have increased by 8.3% and 6.3%, respectively in October 2015, compared with the same period in 2014, Minister of Industry, Energy and Mining Zakaria Hamad said. Speaking at a national day on the theme “which strategy of the development of the textile and clothing sector,” Hamad pointed to ... Read More »

Japanese import rises 10% in September

TOKYO: Japan’s year –on-year door imports rose by around 10% in September 2015 and compared to August, September imports were up just over 5.5%, ITTO reported. Japan’s September door imports wereamongst the highest for the year however average monthly imports in the first three quarters of 2015 were down 9.5% compared to the average monthly imports in 2014. The top ... Read More »

French firms to explore trade opportunities

PARIS: Representatives from a dozen major French companies concluded a four-day Central America visit on Thursday exploring opportunities under a budding trade and political pact between the region and the EU. “Useful and profitable” meetings were held during the trip, split between Panama and Costa Rica, Philippe Delleur, head of the delegation organized by the French business association MEDEF, told ... Read More »

Prices of petrol up, food items down in Kabul

KABUL: The price of petrol went up while the prices of sugar, flour, ghee and gold declined during the outgoing week in capital Kabul, market sources said on Thursday. Obaidullah, a filling station worker in Qala-i-Fathullah, told Pajhwok Afghan News one liter of petrol’s rate jumped from 49 afghanis to 58 afs this week and the same amount of diesel ... Read More »

France may increase investment in Azerbaijani economy

BAKU: France may increase its investments in the Azerbaijani economy, which could promote diversification of economy and development of regions. Baku and Paris will seek to increase the volume of French investments in Azerbaijan, Sevinj Hasanova, Azerbaijan’s Deputy Economy and Industry Minister, said within the framework of the Azerbaijani-French business meeting on November 26. She noted that the two sides ... Read More »

India, Malaysia agree to expand bilateral trade

NEW DELHI: India and Malaysia agreed to deepen defence and security cooperation and expand bilateral trade while signing three accords in the areas of cyber security, culture and infrastructure. Prime Minister Narendra Modi, on the third and last day of his visit to Malaysia that marked the beginning of the bilateral phase, held delegation-level talks with Malaysian Premier Najib Razak, ... Read More »

UK keens to enhance trade ties with Egypt

CAIRO: Transport Minister Saad el Gioushi met Wednesday the UK Trade Envoy to Egypt Jeffrey Donaldson to discuss ways of boosting bilateral relations. The meeting tackled enhancing trade cooperation and ties with Egypt, as Donaldson briefed Gioushi on the expected visit by a British trade delegation, led by Minister of State for Trade and Investment Lord Maude, to Egypt in ... Read More »

Chinese trade delegation visits Worcestershire

BEIJING: A party of 22 high ranking Chinese officials visited Worcestershire as part of programme to encourage trade and develop business relationships. They met with council chiefs, local business and educational institutions, as well as taking in tourist attractions such as Stanbrook Abbey at Callow End, the Malvern Hills and Morgan Motors. The delegation was visiting as part of the ... Read More »

Oman, Austria expect 70% increase in bilateral trade

MUSCAT: The bilateral trade relations between Oman and Austria is expected to experience a major growth of 70 per cent this year, said a senior Austrian official in a report. The trade figures have already touched an all-time record of €101 million ($107.1 million) last year which is a 27 per cent growth from previous year, and this year is ... Read More »