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Gov’t, World Bank to draft study on housing sector

AMMAN: Minister of Public Works and Housing Sami Halaseh on Wednesday chaired a meeting for the higher committee for the housing sector that was attended by representatives of the World Bank. Halaseh said the committee will look at studies related to the housing sector to draft policies based on supply and demand, and to reevaluate the contribution of the sector ... Read More »

Gov’t, World Bank to draft study on housing sector

AMMAN: Minister of Public Works and Housing Sami Halaseh on Wednesday chaired a meeting for the higher committee for the housing sector that was attended by representatives of the World Bank. Halaseh said the committee will look at studies related to the housing sector to draft policies based on supply and demand, and to reevaluate the contribution of the sector ... Read More »

US govt, business leaders explore trade, investment opportunities

JEDDAH: Senior Saudi and US government officials and business leaders explored trade and investment opportunities at a series of business meetings in Washington this week. The talks took place on the sidelines of the visit of Custodian of The Two Holy Mosques King Salman to Washington.A huge delegation of business leaders and government officials is in Washington to engage with ... Read More »

Govt, private sector needs to strengthen ‘Brand Jamaica’ to improve exports

KINGSTON: If Jamaica is to improve it’s exporting capacity, both the Government and private sector will need to “strengthen Brand Jamaica”. This was the mantra at the launch of Phase II of the National Export Strategy (NES) hosted by the Ministry of Industry, Investment and Commerce, through JAMPRO. “It has become clear that there is an overwhelming need to leverage ... Read More »

Govt, private sector needs to strengthen ‘Brand Jamaica’ to improve exports

KINGSTON: If Jamaica is to improve it’s exporting capacity, both the Government and private sector will need to “strengthen Brand Jamaica”. This was the mantra at the launch of Phase II of the National Export Strategy (NES) hosted by the Ministry of Industry, Investment and Commerce, through JAMPRO. “It has become clear that there is an overwhelming need to leverage ... Read More »

Polish gov’t wants to revert to 50-50 split of FX cost of mortgage conversion: PM

WARSAW: The Polish government will press to reinstate a 50-50 split of the cost of converting FX-mortgages to zloty between banks and clients as key banking legislation goes through the Senate, upper house prime Minister Ewa Kopacz said Tuesday. “That was written in our bill, and I will hold that line,” Kopacz told a briefing of the original shape of ... Read More »

Portuguese govt to purchase 1,200 electric powered vehicles by 2020, can save €50m

LISBON: The Portuguese state vehicle fleet is to contain 1,200 electric powered vehicles by the end of the decade, returning substantial savings, following the approval of a sustainable mobility programme by the Portuguese cabinet. The Minister of the Environment Jorge Moreira da Silva told journalists afterwards that this was all about the state setting the example in terms of transportation, ... Read More »

Greece Gov’t to step up for Legislation on Prior Actions in Parliament

ATHENS: parliamentThe Greek government will table to Parliament later on Tuesday a draft legislation including all prior action measures envisaged by an agreement reached between Greek authorities and its creditors. The draft legislation will focus on a package of tax measures, such as changes in VAT rates, raising an extra solidarity tax and changes in the taxation of farmers. More ... Read More »

Finland’s Govt EDP debt ups by euro 2b in Q1 of 2015

HELSINKI: General government EDP debt grew by euro two billion in the first quarter of 2015 and stood at euro 123.8 billion at the end of the period. Compared with the respective quarter of the year before, general government debt has increased by a total of euro 7.4 billion, according to the data derived from Statistics Finland’s statistics on general ... Read More »

Finnish govt finds means to boost its economic growth

HELSINKI: An agreement with labour market organisations on wage cuts and working hour extensions is key to the efforts of the Government of Juha Sipilä  to promote economic growth. The spending cuts laid out by the Government would bolster the economy considerably and reduce the debt ratio by the end of the electoral term, the Bank of Finland estimates. On ... Read More »

Jordanian Gov’t seeks $3.4b in loans, grants between April 2015 to March 2016

AMMAN: The government seeks to secure external financing through grants and loans worth $3.4 billion between April 2015 and March 2016. According to a report by the International Monetary Fund, the value of loans from external lenders is estimated to be around $2.6 billion, while confirmed grants from Arab and foreign donors are worth $800 million, of which $500 million ... Read More »

Finnish govt guarantees Stock stands at €41.1 b in Q1 of 2015

HELSINKI: The Statistics Finland’s data shows that the stock of central government guarantees stood at euro 41.1 billion at the end of the first quarter of 2015. The stock of guarantees was 20 per cent higher than one year before and six per cent higher than at the end of the previous quarter. New central government guarantees were granted to ... Read More »

South Korea to offer 33.1 trillion won in tax relief to support economic recovery

Seoul: South Korea is expected to offer 33.1 trillion won (US$29.9 billion) in tax relief to support economic recovery this year, slightly up from last year, the finance ministry said . The government’s expected tax relief for this year was slightly higher than an estimated 33 trillion won in 2014, but smaller than the 33.8 trillion won in 2013, the ... Read More »

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »

Recruitment process in FBR after Muharram

ISLAMABAD: Recruitments in the Federal Board of Revenue from grade 1 to 15 will be made directly while recruitments from grade 16 to above will be made through the Federal Public Service Commission. The final approval for new hiring would be given by FBR Chairman Tariq Bajwa who holds portfolio of Secretary Revenue Division. The sources in FBR said that ... Read More »

Govt allowed to present 10pc OGDCL shares for auction

ISLAMABAD: The federal government has been allowed to present 10 per cent shares of Oil and Gas Development Company Limited (OGDCL) for auction, but barred from selling them till the final decision of the Apex Court. A two-member bench of Supreme Court of Pakistan, comprising Justice Ejaz Afzal Khan and Justice Gulzar Ahmed, has suspended the Peshawar High Court’s order ... Read More »