Archive for December 2009

Blizzard Saves the Season for E-tailers in US

on December 24, 2009 by admin in E-Commerce, World Business News, Comments (0)

The snow storm that crippled the US during the final shopping weekend on December 19 and 20 became a blessing in disguise for e-commerce businesses as the total online sales recorded 13 percent growth compared to the same period last… Continue reading

Fading Memories of Vendetta and Resolve to Coexist Transform Rwanda

on December 23, 2009 by admin in Africa News, Economy, Tourism News, Trade News, Travel News, World Business, Comments (0)

Rwanda has become a model to many countries of endless conflicts to perceive the significance of reconciliation and co-existence. The former US President, Bill Clinton’s proposal does not become rhetoric while he said that Israel and Palestine should learn from… Continue reading

GCC to Perk Up on Low Realty Cost

on December 22, 2009 by admin in Bahrain News, Dubai News, Economy, News, Trade News, Comments (0)

In a recent report by AT Kearney, a leading global management consulting firm stated Dubai’s capacity to “rebound fast should not be underestimated, with low real estate prices at offer now”. It further adds that apart from the UAE, the… Continue reading

USDA Releases Details on Funds for Emerging Markets Program

on December 21, 2009 by admin in Africa News, ASEAN News, Global Export News, Trade News, US Business News, World Business News, Comments (0)

The US Department of Agriculture (USDA) has announced that 91 agricultural trade promotion projects had been allocated $8.2m for the fiscal 2009 to promote overseas market access for the US food and agricultural products. The money was provided by the… Continue reading

Argentina Sees Remarks by US Envoy as Political Posturing

on December 18, 2009 by admin in Bilateral Trade, Economy, Global Economy, Trade Deals, Trade News, Tradeoff, US Business News, World Business News, Comments (0)

The US Secretary of State for Western Hemisphere Affairs Arturo Valenzuela’s recent visit to Argentina did not pan out as expected after he quoted the US businessmen had raised investment doubts over legal insecurity in Argentina – a stark contrast… Continue reading

Iran Sends Team to Scout for More Business in Iraq

on December 16, 2009 by admin in Economy, Global Economy, Iranian Business, Iranian News, Trade Deals, Trade News, World Business News, Comments (0)

A trade delegation from Iran headed by the director of the provincial trade organization in Tehran Seyyed Ali Mousavi has arrived in Baghdad to improve trade ties with its Iraqi counterparts. This is the second time in this month a… Continue reading

EU Phyto Sanitary Recognition to Boost Mexican Exports

on December 15, 2009 by admin in Economy, EU News, Global Export News, Trade Deals, Trade News, Comments (0)

The EU has recognized Mexico’s SENASICA as a regulatory authority of Sanitary and Phytosanitary Measures (SPS). The SENASICA or the National Service for Animal Health, Food Safety, and Agricultural and Food Quality Assurance hereafter is authorized to certify the comprehensive… Continue reading

Australia Outperformed Rest of Advanced Nations

on December 14, 2009 by admin in Australian Business, Australian News, Economy, Trade News, World Business News, Comments (0)

The Australian Treasurer Wayne Swan claimed that his country continued to outperform most other nations even as the impact of the global economic crisis eroded almost all economies. He made this statement ahead of the final economic data to be… Continue reading

Scotch Whisky Exports Keep the Spirits Up

on December 12, 2009 by admin in Export News, Trade News, World Business News, Comments (0)

According to the Scotch Whisky Association (SWA) the exports of Scotch whisky reached the positive mark by the end of September despite a poor performance in the first quarter. The association is confident of a better show in the coming… Continue reading

Russia to Lead Gas Exporters – Reinforces its Position

on December 12, 2009 by admin in Economy, Global Economy, Russia News, World Business News, Comments (0)

Leonid Bokhanovsky, a board member and the first vice president of the leading engineering-construction company Stroitransgaz of Russia has been chosen as the General Secretary of the Gas Exporting Countries Forum (GECF). The GECF leadership in the hands of Russia… Continue reading

Growth of Cheap Fakes Continue to Hurt Cell Phone Majors

on December 9, 2009 by admin in China Business News, Economy, Export News, Trade News, World Business, Comments (0)

Gartner, a market research firm has stated in its recent report that knock-offs or cheap imitations of branded mobile phones would double their growth by this year to eat away more than 10 percent of the market share of legitimate… Continue reading

EAC Exports to be taxed by EU Due to Delay in EPA

on December 9, 2009 by admin in Africa News, Economy, Global Economy, Kenya News, Trade Deals, Trade News, Comments (0)

The European Union has informed the East African Community (EAC) that the failure or delay in signing the Economic Partnership Agreement (EPA) would lead to taxes on the exports of the EAC-member states. In a recent release by the EU… Continue reading

Developing Nations barring China Joint Hands to Cut Tariff

on December 5, 2009 by admin in Bilateral Trade, Business, Economy, Global Economy, World Business News, Comments (0)

The trade representatives from 22 nations of developing and emerging economies at the sidelines of the three-day WTO ministerial meet have signed an accord to reduce industrial tariffs. According to the deal, the signatories have agreed to cut tariffs at… Continue reading

UAE Ruler Backs Dubai Govt – Claims Economy is Fine

on December 2, 2009 by admin in Business, Economy, GCC News, UAE News, World Business News, Comments (0)

The UAE President Sheikh Khalifa bin Zayed Al Nahyan on the eve of 38th National Day said that the country’s economy was ‘fine’, and supported the efforts by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum and his team in… Continue reading