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Kuwait inflation rises 3.2% in Sept

chart

KUWAIT: Inflation in consumer prices was just a tick higher in October, rising from 3.1 percent year-on-year (y/y) in September to 3.2 percent y/y. Inflation across most components remained broadly stable; clothing & footwear inflation appears to have gained the most momentum on a month-on-month basis. Core inflation (which excludes food items) also saw a slight uptick, rising from 2.8 ... Read More »

US Customs seizes 150 pounds of marijuana

marijuana

NEW YORK: U.S. Customs and Border Protection officers on Wednesday arrested Alfredo Olivares-Ballesteros, 47, for trying to smuggle $76,000 worth of pot into the United States. Officers inspected Olivares-Ballesteros’ truck and found multiple packages of marijuana. Officers seized the drugs and vehicle, and referred Olivares-Ballesteros, who is from Mexico, to U.S. Immigration and Customs Enforcement’s Homeland Security Investigations. Read More »

China to set up customs offices at Nyalam apass

5465201-Nyalam_Pass-0

BEIJING: The Chinese authorities are considering developing Nyalam apass as an alternative to Khasa for setting up immigration, customs and quarantine offices, knowledgeable Nepali government officials say. After the April 25 earthquake destroyed the Khasa Bazaar, the Chinese town across Tatopani Bazaar in Sindhupalchok, the Chinese authorities immediately relocated the entire settlements to Shigatse from Khasa. Since the relocation, the ... Read More »

Amman Chamber of Industry exports increase 9% in 2015

aci

AMMAN: Amman Chamber of Industry (ACI) exports grew 9 per cent in the first 11 months of 2015 reaching JD3.8 billion, compared to JD3.5 billion it registered during the same period of 2014. Chemical industries and cosmetics topped the list of ACI exports during the January-November period with JD893 million, 14 per cent higher than the JD781 million in the ... Read More »

US Customs returns smuggled dinosaur fossil to China

Palais_de_la_Decouverte_Tyrannosaurus_rex_p1050042

BEIJING: HSI Cleveland and HSI New York worked jointly to investigate Eric Prokopi, of Florida, who later pleaded guilty to engaging in a scheme to illegally import dinosaur fossils. According to court documents and statements made in Manhattan federal court, Prokopi owned and ran a business out of his Florida home and is a self-described commercial paleontologist. HSI Cleveland and ... Read More »

Customs organizes workshop on ‘Lives of nomadic tribes in the contemporary world’

mongolian_nomadic-tribe

NEW DELHI: The speakers at a workshop on the ‘Lives of nomadic tribes in the contemporary world’ urged the State government to protect and preserve oral traditions. There were 28 nomadic tribes carrying on the oral traditions and there was an urgent need to document and institutionalise the art forms. Former MLC Chukka Ramaiah opined that it was the responsibility ... Read More »

Chilean fruit exports decrease by below 2%

fresh fruit export

SANTIAGO: In the period between January and November 2015, Chilean exports totalled 58.161 million dollars, which is 15% less than in the same period of 2014, as reported by the General Directorate of International Economic Relations (Direcon). Imports totalled US $ 53,869, which meant an annual reduction of 13%. Consequently, the trade balance closed with a surplus of 4.292 million ... Read More »

New Zealand’s main sector export revenue to increase $37.6b

shipment increases

WELLINGTON: New Zealand’s primary sector export revenue is expected to increase to $37.6 billion in the year ending June 2016, up $1.9b from the previous year. That’s according to the Ministry for Primary Industries (MPI)’s updated Situation and Outlook for Primary Industries, released this morning. MPI said it expected meat and wool, horticulture and forestry export revenues to support New Zealand’s ... Read More »

Russia exports 23.3 KMT of rapeseed oil in October

rapeseed oil

MOSCOW: Russia has exported 23.3 KMT of rapeseed oil in October against 28.7 KMT in September, and 39.7 KMT in October 2014. Within 4 months of 2015/16 rapeseed season (July-October) exports reached 87,3 KMT, that is almost two times less than during the same period in 2014/15 MY (159.7 KMT). In addition, according to preliminary data, rapeseed oil exports continued to ... Read More »

Toshiba to axe up to 7,000 jobs

toshiba logo

TOKYO: Toshiba Corp is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported. Most of the 6,000-7,000 job cuts will be in the company’s lifestyle segment, which includes consumer appliances, the newspaper said. Toshiba is also looking to “drastically” reduce operations at its Ome ... Read More »

Iran puts embargoes on import of 227 US goods

ban

TEHRAN: The Iranian regime directed regional authorities across the country to implement a ban on the import of over 200 American products, Iran’s semi-official PressTV news service reported on Monday. The Trade Promotion Organization of Iran has published the names of 227 goods subject to an import ban and sent the list to authorities in all the 31 provinces across ... Read More »

KPT shipping movement report

kpt

KARACHI: Following were the movement of ships at Karachi Port during the last 48 hours, ending at 0700 hours on Tuesday. SHIPS SAILED: Falcon Grace RED Jacket OEL Dubai Kota Kaya APL Agate SHIPS BERTHED: Kota Kaya Container Ship Hammonia Toscana Container Ship Everrivh 3 Tanker ACX Pearl Container Ship EXPECTED SAILING DATE Orient Star 15/12/15 ACX Pearl 15/12/15 Quetta ... Read More »

LDA generates Rs82m thru auction of 10 plots

auction

LAHORE: The Lahore Development Authority (LDA) has generated an amount of Rs80 million though auctioning of 10 commercial and residential plots. Maximum bid was offered for commercial plot No 391 situated in Block D-2 of Johar Town which was auctioned in Rs25,320,000. Its bid starting price had been fixed as Rs1,520,000 per marla whereas it was auctioned in Rs1,575,000 per ... Read More »

Philippines to import more rice in 2016

guyanarice

MANILA: The Philippines’ state grains procurement agency, National Food Authority (NFA), said it expects to sign new rice import deals in January to ensure adequate domestic supply of the grain amid worries of drier weather in the first quarter. “It will be finalized within the year and contracted in January,” NFA Administrator Renan Dalisay told reporters on Monday, when asked ... Read More »

Poland planning to export coal from Ukraine

coal port

WARSAW: Poland is planning to sell its hard coal stockpiles to Ukraine in order to raise cash to inject liquidity into the country’s struggling state-owned coal miners, development minister Mateusz Morawiecki, said Monday. “There is a coal deficit in Ukraine. We are working on selling our excess coal there,” Morawiecki told reporters. Morawiecki, who is in charge of the new ... Read More »

Argentina to remove export taxes on agricultural products

JAPAN MINISTRY OF AGRICULTURE

BUENOS AIRES: Argentine President Mauricio Macri on Monday eliminated export taxes on beef, corn and other farm products, a move that could dramatically boost the country’s agricultural output. Standing in front of a row of green corn stalks at a farm a few hours northwest of this capital, Mr. Macri, who was sworn into office last week, fulfilled one of ... Read More »

CPEC’s western route to be completed by end of 2016: Mushahid

Mushahid

ISLAMABAD: Parliamentary Oversight Committee on China Pakistan Economic Corridor (CPEC) Chairman Mushahid Hussain Sayed has said the western route of the corridor would be completed by December next year. According to the Radio Pakistan, said the committee members visited Balochistan and they would visit Sindh next month, Radio Pakistan reported. Mushahid said the Committee would visit China next year on ... Read More »

Abbasi says will resign if corruption in LNG import proved

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that he will resign from the post if any corruption was proved in the import of LNG. He was responding to a motion moved by Senator Mohsin Aziz to discuss the issues of award of LNG terminal to Elengy Terminal Pakistan Limited (ETPL) without completing the Codal formalities ... Read More »

Sunflower oil exports decrease in Kazakhstan

sunflower oil

ASTANA: Season 2015/16 began with a significant sunflower oil exports reduction in Kazakhstan. So, sunflower oil exports reached only 3 KMT within two months of 2015/16 MY (September-October). This is 33% less than in September-October of season 2014/15 being the minimum   exports volume for the specified period since   season 2008/09. It should be noted that sunflower oil exports decline from ... Read More »

Govt constructing small dams to overcome water shortage: Senate told

Dam

ISLAMABAD: The government’s top priority is to build small dams to overcome water shortage in the country. This was stated by Minister of State for Parliamentary Affairs Sheikh Aftab Ahmed while responding to a motion moved by Col (R) Syed Tahir Hussain Mashhadi in the Senate to discuss the situation arising out of the non-construction of new dams in the ... Read More »