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DP World in talks to operate Iranian ports

TEHRAN: DP World, one of the world’s largest port operators, said on Thursday it is talking to Iranian authorities about starting port operations in the country. The company is interested in Iranian port operations on the Caspian Sea and in the Gulf, Chairman Sultan Ahmad Bin Sulayem told reporters on a conference call on Thursday. “Iran has a great land ... Read More »

Bailout talks stumble as Greece refuses to compromise

ATHENS: Brussels Ahead of a summit with European Union leaders on Thursday, a meeting between eurozone finance ministers and Greek Prime Minister Alexis Tsipras stumbled on the issue of budget cuts and policy overhauls with Athens refusing to compromise despite a looming deadline next week. Tsipras spent eight hours in a meeting with the heads of the European Commission, the ... Read More »

Crunch talks to avert default on Greece debt crises

ATHENS: Greece PM Alexis Tsipras has resumed talks with international creditors, with time running out to find a solution to Greece’s debt crisis. A late-night session with the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) failed to close the gaps. Eurozone finance ministers hope to endorse a deal when they meet again, ahead of ... Read More »

Switzerland, Italy Cooperation talks on taxation, finance including cross border issues on 28th May

BERN: Swiss and Italian foreign ministers discussed issues of taxation, finance, transport, and including cross-border in 28th May meeting. Didier Burkhalter, head of Switzerland’s Federal Department of Foreign Affairs, received Italian Foreign Minister Paolo Gentiloni for official talks in Bern on May 28. The ministers welcomed the bilateral agreement on finance and taxation signed in February. It amends their double ... Read More »

Austria in talks with Sverdlovsk for join business ventures

VIENNA: A group of Austrian counterparts recently had a meeting with government officials from Sverdlovsk for the discussion and beginning of current and future business projects. Russian Prime Minister Denis Pasler said trade between Austria and the Sverdlovsk region increased by 90 percent in just nine months, benefiting both parties. Sverdlovsk and Austria have successfully completed several projects, including constructing ... Read More »

Euro zone crisis: Cyprus, Athens to coordinate policies within EU

ATHENS: The New Prime Minster of Greece, Alexis Tsipras has paid his first foreign visit to Cyprus being their close ally that has also been effected by the euro zone crisis. Tsipras met Cyprus President Nicos Anastasiades in the capital Nicosia and was to due to address a joint news conference later on Monday. In a brief statement during a ... Read More »

Azadi march likely to affect talks with IMF

ISLAMABAD: The current political turmoil can affect talks between Pakistan and IMF authorities scheduled for August 6 to 18th, as Pakistan has entered into fourth review of the $6.8 billion programme with the International Monetary Fund. Sources in the Finance Ministry privy to Customs Today that the political episode created by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek may endanger the ... Read More »