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Author Archives: admin

Tuesday July 17 — Monday July 23, 2018

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Iran’s imports from Russia doubled in Q1

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TEHRAN: Latest statistics show that Iran’s imports and exports from/to Russia experienced a considerable 205 and 40 percent growth in the first three months of the current Iranian fiscal year (March 21-June 21). According to the Islamic Republic of Iran Customs Administration (IRICA), Russia took the 8th and 18th ranks in terms of imports and exports respectively among 100 countries ... Read More »

Tuesday July 10 — Monday July 16, 2018

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A Thousand Avenfields

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US has launched the biggest trade war in economic history : China

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Beijing :Beijing on Friday accused Washington of launching the “the largest trade war in economic history” after the US imposed tariffs on $34 billion worth of Chinese imports at the stroke of midnight. “The United States violated the WTO rules and launched the largest trade war in economic history to date,” China’s commerce ministry said in a statement. “This type ... Read More »

US begins implementing tariffs on China

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WASHINGTON:The U.S. government has officially begun implementing tariffs worth $34 billion on Chinese imports signaling the start of a trade war. Tariffs worth $34 billion on Chinese goods took effect at 12:01 a.m. EST (0400GMT). The White House initially announced in April that it was planning to slap China with $50 billion in tariffs, and added in June they could ... Read More »

KPT shipping intelligence report 06 july 2018

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KARACHI:The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Friday. ALONG SIDE (Bulk Oil Pier) OP-I Quetta D. Crude Oil PNSC 06/07/18 OP-II Al Mahboobah D. Chemical Wilhelmsen 06/07/18 ALONG SIDE (East Wharves): 1 Star Ploeg L. Ethanol East Wind 04/07/18 2/3 Necklace D. Cannola East Wind 27/06/18 4 Sun ... Read More »

Philippines releases 11 Bangladeshi seamen

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Bangladesh : Eleven Bangladeshi crew detained by the Philippines authorities from a Chinese ship were released on Tuesday, reports UNB. After lots of efforts, charges against all the crew, including the Bangladeshis have been dropped and the ship has been allowed to leave the port, confirmed a source at Bangladesh mission in the Philippines. The crew left Zamboanga port in ... Read More »

Tuesday July 03 — Monday July 09, 2018

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Three Taiwanese citizens arrested smuggling gold into India

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TAIPEI: Three Taiwanese nationals have reportedly been arrested in Mumbai, India for smuggling gold hidden around their waists. The Times of India has reported that each of the travelers was caught with 6 kg of gold bars sewn into cloth pouches at Chhatrapati Shivaji International Airport in Mumbai. The Taiwanese suspects surnamed Chiu, Lai, and Tseng in total were carrying ... Read More »

Black scorpion smuggling in Afghanistan is big business

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KABUL: The trade of scorpion hunting in Afghanistan, though unregistered, has been around for years but has become a lucrative business in the past few months. A local dealer from western Herat province said Herat and neighboring Farah, with vast scorching deserts, have become the common hunting ground for shepherds and poor local residents who spend hours and sometimes days ... Read More »

Drugs, ammunition smuggling attempt thwarted at Jordan-Syria border

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AMMAN — A security source at the Jordan Armed Forces-Arab Army has said that an eastern military zone unit, in coordination with the Anti-Narcotics Department, thwarted an alleged drug smuggling attempt on the Jordanian-Syrian border, the Jordan News Agency, Petra, reported on Sunday. He added that rules of engagement were applied after detecting several vehicles approaching Jordanian territory, resulting in ... Read More »

Iraq, Chinese firm to sign for development of Baghdad oil field

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Baghdad: Iraq will sign a contract with a Chinese company for the development of an oil field east of the capital, Baghdad, a spokesperson of the oil ministry said. Assem Jihad said Iraq will sign the contract with ZhenHua Oil to develop the southern section of Eastern Baghdad oilfield. He said the agreement aims to drive up production from the ... Read More »

Qatar: Man arrested for smuggling bacon in his anal cavity

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Doha, Qatar | Customs officers at the Hamad International Airport, in the Qatari capital, have arrested a Yemeni man attempting to smuggle more than 12 kilograms (27 lbs) of sliced bacon hidden in his anal cavity. 53-year old Abd al Rahman Shamoun was spotted by a specially trained police dog, looking for drugs or pork meat on passengers and in ... Read More »

Customs foils attempt to smuggle Ancient statue

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KUWAIT: Customs officers discovered what seems to be a 170-cm-long Ancient Egyptian statue hidden inside a couch shipped by air. The statue was sent to the National Council for Culture, Arts and Letters (NCCAL) and is being examined in order to determine whether it belongs to the pharaonic era or not. A customs officer said a citizen came to collect ... Read More »

33 kg gold smuggling case: Court begins recording Gore’s statement

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The District Court Morang has started recording statement of Chudamani Upreti, alias Gore, the alleged mastermind of the 33 kg gold smuggling case. While recording the statement, Gore said that he was innocent and was framed. Gore revealed that many other persons are also involved in the gold smuggling racket, a source said. A single bench of District Judge Narayan ... Read More »

Omran signs agreement with Majid Al Futtaim for Ro5bn project in Muscat

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Oman Tourism Development Company (Omran)signed a partnership agreement with Majid Al Futtaim, leading real estate developer in Middle East and North Africa (MENA) for developing the second phase of ‘Madinat Al Irfan’ project in Muscat with an investment of around RO5bn. The announcement was made at an event held at the Oman Convention & Exhibition Centre (OCEC) in the presence ... Read More »

Finance Minister: steady economic growth rate expected next year

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Presenting the budget bill in parliament, Mihály Varga, the finance minister, said next year’s budget would ensure steady economic growth. Within the pursuit of a disciplined fiscal policy in 2019, more money would be available for family support, measures to address demographic problems, job creation, retaining the workforce, preserving the real value of pensions, developing the economy, and protecting Hungary’s ... Read More »

Billions of Eu money wasted on Spain’s high-speed rail

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Since 2000, the EU has been funding various high-speed railways across the bloc. But a recent report by the European Court Auditors found that ‘effectiveness of the investments is lacking and EU added value is at risk’. The report adds that ‘low passenger numbers are leading to high risk of ineffective spending of €2.7 billion EU co-funding’. Potential routes under ... Read More »

Heroin smuggling attempt foiled at Warsaw airport

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Authorities confiscated heroin with an estimated street value of PLN 200,000 (around EUR 46,000, USD 53,000) at Warsaw’s Chopin Airport, public broadcaster Polish Radio’s IAR news agency reported. The drug was found in a false-bottom suitcase belonging to a 26-year-old Congolese woman who was travelling to Poland from Madagascar, according to IAR. The woman has been detained for three months. ... Read More »