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Tag Archives: Trade

Netherlands eighth on trade surplus list

AMSTERDAM: The Netherlands is seventh on the list of countries with a trade surplus, the latest figures from the central statistics agency CBS show. The country had a trade surplus of €77.3bn in 2014, the CBS says. Top of the list are China and Germany with €383bn and €294bn respectively. Within the EU, the Netherlands is in second place behind ... Read More »

Netherlands eighth on trade surplus list

AMSTERDAM: The Netherlands is seventh on the list of countries with a trade surplus, the latest figures from the central statistics agency CBS show. The country had a trade surplus of €77.3bn in 2014, the CBS says. Top of the list are China and Germany with €383bn and €294bn respectively. Within the EU, the Netherlands is in second place behind ... Read More »

Norway Krone climbs 1.4% to trade 0.6% higher at 8.89317 per euro

OSLO: Norway’s krone gained for a second day after a report showed inflation accelerated more than estimated in June, cooling speculation of further interest rate cuts. The krone climbed as much as 1.4 percent and traded 0.6 percent higher at 8.89317 per euro as of 10:59 a.m. in Oslo. A report showed underlying consumer prices rose an annual 3.2 percent ... Read More »

Jordan’s Trade deficit narrow by 15.7% during First 4 Months Of 2015: Cairo Amman Bank

AMMAN: The Department of Statistics released figures showing that Jordan’s trade deficit narrowed by JD 526 million or 15.7% during the first third of 2015 compared to the same period in 2014. The trade balance stood at JD -2,835 million in the first third of 2015, compared to JD -3,361 million over the same period in 2014. All exports, imports, ... Read More »

Jordan’s Trade deficit narrow by 15.7% during First 4 Months Of 2015: Cairo Amman Bank

AMMAN: The Department of Statistics released figures showing that Jordan’s trade deficit narrowed by JD 526 million or 15.7% during the first third of 2015 compared to the same period in 2014. The trade balance stood at JD -2,835 million in the first third of 2015, compared to JD -3,361 million over the same period in 2014. All exports, imports, ... Read More »

Irish exporters association seek stronger UK trade ties

DUBLIN: The head of the Irish Exporters Association (IEA) has called on the Government to strengthen bilateral trade links with the UK, no matter the outcome of Britain’s referendum on its future with the EU. UK prime minister David Cameron has promised to hold an in-out vote on Britain’s membership of the EU before the end of 2017, a move ... Read More »

Hungary’s online trade up 26% to 273b in 2014

BUDAPEST: Retail sales which took place through the internet climbed 26%, reaching HUF 273 bln in Hungary in 2014, industry association SzEK.org told Hungarian news agency MTI yesterday, citing data from market researcher eNet. This year, online retail sales in Hungary are also projected to rise 26%. SzEK.org said that, in May, it joined the Ecommerce Europe organization in order ... Read More »

German business delegation emphasizes on trade not ‘aid’

BERLIN: Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz received German Deputy Minister for Foreign Affairs Stephan Steinlein along with a 13-member strong business delegation at the Ministry of Foreign Affairs on Wednesday. The adviser highlighted Pakistan’s investment potential and Prime Minister Nawaz Sharif’s emphasis on “trade and not aid”. He stressed that Pakistan was an ... Read More »

Hungary’s trade surplus reaches €929m in March 2015

BUDAPEST: Hungary saw a €929 million trade surplus in March, with exports rising by a y.o.y. 13% to €8.257 billion and imports rising by a y.o.y. 9.8% to €7.327 billion, the Central Statistics Office (KSH) confirmed in a second reading of data this morning. The surplus on the trade balance was €289 million more than in the same period a ... Read More »

Free trade area of over $1.2t starches across 26 countries from South Africa to Egypt

JOHANNESBURG: A $1.2 trillion free-trade area stretching across 26 African countries from Cape Town to Cairo is a stepping stone to uniting the poorest continent as one commercial bloc within the next two years, Africa’s top trade official said on Thursday. The Tripartite Free Trade Agreement (TFTA) was signed into effect in Cairo this week, amalgamating three of Africa’s main ... Read More »

Turkey’s exports to EU increase by 13% in terms of euros

ANKARA: Turkish Exporters Assembly (TİM) Chairman, Mehmet Büyükekşi, said the greatest reason for the regression in Turkish exports is the decline in the euro-dollar parity. Parity-induced losses in exports accounted for $1.1 billion in May alone, while it reached $5.7 billion in the first five months of 2015, he added. In parallel with the mobility in exchange rates and developments ... Read More »

Free trade area of over $1.2t starches across 26 countries from South Africa to Egypt

JOHANNESBURG: A $1.2 trillion free-trade area stretching across 26 African countries from Cape Town to Cairo is a stepping stone to uniting the poorest continent as one commercial bloc within the next two years, Africa’s top trade official said on Thursday. The Tripartite Free Trade Agreement (TFTA) was signed into effect in Cairo this week, amalgamating three of Africa’s main ... Read More »

Industry, trade minister accentuates Jordan’s development

AMMAN: Despite difficult regional political conditions, Jordan has been able to achieve positive economic indicators, Industry and Trade Minister Maha Ali said on Sunday. Speaking at a forum that brought together Arab and foreign diplomats working as economic and commercial attachés at embassies in the Kingdom, she said Jordan has succeeded to achieve noticeable economic progress and has worked on ... Read More »

Industry, trade minister accentuates Jordan’s development

AMMAN: Despite difficult regional political conditions, Jordan has been able to achieve positive economic indicators, Industry and Trade Minister Maha Ali said on Sunday. Speaking at a forum that brought together Arab and foreign diplomats working as economic and commercial attachés at embassies in the Kingdom, she said Jordan has succeeded to achieve noticeable economic progress and has worked on ... Read More »

Switzerland’s largest trade fair opens in Geneva

BERN: Switzerland’s largest trade fair opened in Geneva on Tuesday geared to precision professionals in the watchmaking, jewellery, micro technologies and medical fields. Around 20,000 Swiss and foreign visitors are expected at the four-day annual “Salon international leader de la haute précision” fair featuring 867 exhibitors from 12 countries, organizers said. Despite the uncertain economic outlook, the number of exhibitors ... Read More »

Switzerland’s largest trade fair opens in Geneva

BERN: Switzerland’s largest trade fair opened in Geneva on Tuesday geared to precision professionals in the watchmaking, jewellery, micro technologies and medical fields. Around 20,000 Swiss and foreign visitors are expected at the four-day annual “Salon international leader de la haute précision” fair featuring 867 exhibitors from 12 countries, organizers said. Despite the uncertain economic outlook, the number of exhibitors ... Read More »

Italy, Iran ink trade insurance deal

TEHRAN: Iran and Italy on Sunday signed a bilateral trade insurance agreement which is expected to help facilitate commercial transactions between the two countries, specifically once the US-engineered sanctions against Iran are lifted. The agreement was signed between the Export Guarantee Fund of Iran (EGFI) and Italy’s Servizi Assicurativi del Commercio Estero (SACE) in a ceremony held in the Italian ... Read More »

Jamaica, UK sign MOU to fight against drugs trade

ABUJA: THE UK and Jamaica have signed a memorandum of understanding (MOU) aimed at strengthening cooperation between the two countries in the fight against the illicit drug trade. The three-year MOU will allow for the sharing of information between both countries as well as to allow officers from the UK Border Force, who are based in Jamaica, to work more ... Read More »

Italy, Iran ink trade insurance deal

TEHRAN: Iran and Italy on Sunday signed a bilateral trade insurance agreement which is expected to help facilitate commercial transactions between the two countries, specifically once the US-engineered sanctions against Iran are lifted. The agreement was signed between the Export Guarantee Fund of Iran (EGFI) and Italy’s Servizi Assicurativi del Commercio Estero (SACE) in a ceremony held in the Italian ... Read More »

Italy, Iran ink trade insurance deal

TEHRAN: Iran and Italy on Sunday signed a bilateral trade insurance agreement which is expected to help facilitate commercial transactions between the two countries, specifically once the US-engineered sanctions against Iran are lifted. The agreement was signed between the Export Guarantee Fund of Iran (EGFI) and Italy’s Servizi Assicurativi del Commercio Estero (SACE) in a ceremony held in the Italian ... Read More »