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India rice exports hit 55.26 LT in Apr-Sept


NEW DELHI: India has exported 55.26 lakh tonnes of rice, valued at over USD 3.17 billion, in the first six months of the current financial year. During the April-September period, the country has exported 20.84 LT of basmati rice valued at over USD 1.91 billion and 34.42 LT of other varieties valued at over USD 1.25 billion. In a written ... Read More »

Saudi Arabia preferring India over Iran in rice imports

vn rice export

RIYADH: Saudi Arabia continues to be the largest importer of rice from India, importing more than Iran during the first six months of 2015-16, a trend that was first set last fiscal. Saudi Arabia imported 598,001 tonnes of rice valued at $527.16 million during the April-September period, as against Iran which imported 361,474 tonnes of rice valued at $319.71 million. ... Read More »

Iran to export gas to Iraq, Oman

Gas pipeline over Russian and European Union maps

TEHRAN: Referring to Iraq’s request for the purchase of Iran’s LNG, deputy oil minister reported on creation of a 48-inch split from the 7th overall pipeline in order to export gas to Oman. Hamid Reza Araghi explained Iran’s new program to increase gas exports adding “the final negotiations with Oman are being undertaken in order to sign a gas contract, ... Read More »

Saudi Arabia welcomes ‘high’ SR200bn nonoil exports

non oil

RIYADH: Cabinet on welcomed the recommendations of the 34th meeting of the GCC Interior Ministers in Doha and highlighted the statement made by Crown Prince Mohammed bin Naif at the meeting on the importance of global cooperation to fight terrorist organizations and their financiers, said Minister of Culture and Information Adel Al-Toraifi. The Cabinet commended the participants of the fourth ... Read More »

Iran gas condensate exports increases by 19%

natural gas

TEHRAN: Exports of gas condensate from Iran’s South Pars gas field rose by 19 percent in the eights Iranian calendar month of Aban (October 23-November 22) compared to the same month in the previous year, according to an Iranian oil official. Seyed Pirouz Mousavi, the managing director of the Iranian Oil Terminals Company, said Iran exported 12.216 million barrels of ... Read More »

Iran’s foreign trade hits $57bn in eight months


TEHRAN: Iran’s Customs Department has revealed that the country’s foreign trade volume reached $56.939 billion during the first eight months of Iranian year which begins March 21, a report said. The volume of imports reached $27.307 billion, down 20.95 per cent compared to the same period in 2014, added the Peninsula Qatar report. China and the UAE, South Korea, Turkey ... Read More »

Iran sees boost for Basmati rice exports, issues fresh contracts

basmati rice

TEHRAN: In a major boost to India’s Basmati rice exports, Iran will issue fresh contracts for rice imports after a seven-month curb. As part of the decree issued by the agriculture ministry, Iran’s customs officials will be allowed to register new imports orders from December 3, 2015 till June 21, 2016. Iran is expected to import 6 lakh tonne of ... Read More »

Vietnam’s pepper shipments to foreign markets


HCM CITY: Viet Nam’s pepper shipments to foreign markets performed well, with export revenues from January to November close to that recorded in 2014, reported a conference in HCM City early this week. According to the Viet Nam Pepper Association (VPA), the country gained a year-on-year increase of 2.8 per cent in export value of pepper at US$1.2 billion in ... Read More »

Turkey sees drop in fruit and vegetable exports


ANKARA: Agriculturists Association of Turkey (TZD) President Ibrahim Yetkin, stated that Turkish fresh fruit and vegetable exports have entered a decreasing trend in recent years. In a statement Yetkin expressed that last year between January and September, Turkey exported 1.5 billion dollars worth of fresh fruit and vegetables, in the same period this year, that amount has fallen to 1.270 ... Read More »

New US envoy hails economic achievements of present government

Ishaq Dar

ISLAMABAD: The newly appointed US ambassador to Pakistan, David Hale paid a courtesy call on Finance Minister, Mohammad Ishaq Dar here. He was accompansied by Deputy Head of Mission, Jonathan Pratt and other senior US embassy officials. Welcoming the US envoy, the Federal Minister hoped he would play his due role in further enhancing the Pak-US relations. Ambassador Hale on ... Read More »

Russia blocks Turkish exports at border

export drop

MOSCOW: Around 1250 trucks carrying Turkish exports have been blocked from entering Russia and are stranded at border posts awaiting clearance, a senior shipping industry. Six days after NATO-member Turkey shot down a Russian fighter jet in the first known incident of its kind since the Cold War, calls for calm have gone largely unheeded. Ankara refuses to back down ... Read More »

Police foil Bovines smuggling bid


RAMBAN: Police foiled a bovine smuggling bid by rescuing 3 cattle from a Srinagar bound vehicle. As per police sources, on specific information, police team from Ramban police station laid a naka near Shan Palace and signaled a Mahindra Bolero Pick up vehicle bearing registration number JK02AX-5188 for checking. On seeing police team, the driver accelerated the vehicle and tried ... Read More »

Sonadezi IPO sales 131.3m shares in Dec 2015


HANOI: Industrial Zone developer Sonadezi Corporation will sell 131.3 million shares in the initial public offering (IPO) in December 30, the HCM Stock Exchange said. The shares to be sold in the IPO will be equivalent to 34.9 per cent of the charter capital of the corporation based in the southern Dong Nai Province. After equitisation, the State is expected ... Read More »

Manila Customs solving graft case linked to rice smuggling at ports

vn rice export

MANILA: An anti-corruption group has asked the Office of the Ombudsman to prosecute Philippine Ports Authority officials for the alleged rampant smuggling of rice at private transhipment terminals in the Port of of Manila. In a four-page complaint-affidavit filed last Nov. 26, Benjamin Peralta, secretary general of the Filipino Alliance for Transparency and Empowerment (FATE), accused PPA officials led by ... Read More »

Saudi Customs foils attempt to smuggle alcohol in car engine


RIYADH: Saudi customs officers at the King Fahd Causeway foiled an elusive attempt at smuggling alcohol in the engine of a car of one of the commuters returning to the kingdom. Customs officers published a video clip in which officers unveiled the pipes that extend from the inside of the section leading to the fuel tank. Read More »

Bangladeshi beef prices rises, crippling industry  

beef import

DHAKA: The crackdown by the BSF has hiked the price of beef in Bangladesh manifold and is having a crippling effect on their Rs 12,000-crore beef industry. In April this year, Union Home MInister Rajnath Singh instructed BSF personnel deployed along the Indo-Bangla border to stop cattle smuggling. Seven months later, smuggling is down 70 per cent and the number ... Read More »

Vietnam plans to achieve GRDP rate of 8% in 2016


HCM CITY: HCM City plans to achieve a Gross Regional Domestic Product (GRDP) growth rate of 8 per cent next year. This is one of the city’s targets set at the second session of its 10th Party Congress held early this week. The city also aims to be ranked in the top five in the Viet Nam Provincial Governance and ... Read More »

Vietnam cyber security sees big gains in 2015

cyber sec

HANOI: The Information Security Index of Viet Nam 2015 (VNISA Index 2015)- a Korean designed index to grade a nation’s cyber security capacity- increased from an average of 39 per cent last year to 46.4 per cent among Vietnamese agencies early this year. The Viet Nam Information Security Association (VNISA) announced the index results at this year’s Viet Nam Information ... Read More »

Nigerian Customs destroys 1, 365 cartons of imported frozen products


ABUJA: The Nigerian Customs Service (NCS), Federal Operation Unit, Zone C, says it has destroyed 1, 365 cartons of imported frozen products valued at N11.56 million in Benin. This is contained in a statement by the Comptroller of Zone C, Mr Victor Dimka, in Benin. According to the statement, 1,205 cartons of the 1, 365 cartons contained imported frozen poultry ... Read More »

Vietnamese shares slightly lower on oil prices weigh


HANOI: Vietnamese shares were slightly lower in HCM City, reversing the previous day’s gain, as a drop in global oil prices dragged down energy companies. The benchmark VN Index on the HCM Stock Exchange fell 0.01 per cent to close at 574.38 and the HNX Index on the Ha Noi Stock Exchange was down 0.6 per cent to end at ... Read More »