Posts tagged World Business News
Sandstorms Shrink UAE’s Solar Power Generation
on August 10, 2009 by admin in Business, Economy, World Business, Comments Off
The solar power production at the first and largest solar power plant of the UAE and the Middle East and North Africa (MENA) region has been hit badly due to last week’s extreme sandstorm conditions. The week-long dust clouds around… Continue reading
India and Nigeria to Streamline Pharma Exports
on August 3, 2009 by admin in Business, Comments Off
India is expected to sign pharma deals with Nigeria, the country’s largest trading partner from Africa to reclaim and boost the pharmaceutical exports after fake ‘Made in India’ drugs originating from China were seized by Nigerian authorities last June. The… Continue reading
India Pitted Against with China in Ban Game
on July 29, 2009 by admin in China Business News, World Business, Comments Off
China has warned India that it would also clamp restrictions on Indian food products including seafood and sesame oil if India did not remove ban on its dairy products. China reacted following India banned imports of chocolates and chocolate products… Continue reading
Venezuela, a One-time Coffee Exporter Turns Importer
on July 25, 2009 by admin in Economy, Export News, News, World Business, World Business News, Comments Off
Venezuela’s dismal harvest in 2008-09 has placed one of the coffee-dependent nations in terms of production and consumption to look out for supplies from outside for the first time after independence. In fact, the forecast for the likely imports was… Continue reading
The EU Agency Rejects Hype on Health Claims of Food Products
on July 22, 2009 by admin in Business, Economy, World Business News, Comments Off
The EU’s food safety agency EFSA has rejected the claims of about 65 food products of their unproven health benefits through its scientific investigation. The EFSA’s (European Food Safety Authority) findings will have grave implications on the sales of the… Continue reading
Latin American Economies Have to Wait Despite Green Shoots
on July 18, 2009 by admin in Business, News, Trade News, World Business News, Comments Off
The UN Economic Commission on Latin America and the Caribbean (ECLAC) in its latest economic forecast stated that though the economies were showing signs of recovery but the desirable growth of above 3 percent would be possible only by next… Continue reading
Benin will be a Rice Exporting Nation under the FAO Guidance
on July 17, 2009 by admin in Africa News, Business, World Business, Comments Off
According to the United Nations Food and Agriculture Organization’s (FAO) press release, Benin has the potential to become self-sufficient rice exporting nation in the coming years owing to its productive land banks and rice production assistance from the organization. Benin… Continue reading
Saudi Arabian Citizenship for Long-term Expats
on July 15, 2009 by admin in Business, Economy, News, World Business, World Business News, Comments Off
According to sources, Saudi Arabia is understood to have informed the International Labour Organisation (ILO), the Geneva-based world labour body that it has plans of considering its expats into naturalization program. Abdullah Sadiq Dalhan, the Saudi representative to ILO stated… Continue reading
Geithner Trip to Guarantee Investment Safety to the Mid-East
on July 13, 2009 by admin in Economy, GCC News, World Business, Comments Off
The US Treasury Secretary Timothy Geithner in his two-day visit to the Middle East is likely to make serious effort to allay his country’s largest investor region’s fears over the US dollar’s volatility and depreciation. Geithner is expected to reassure… Continue reading
Fake Items are on the Rise in the EU – Seizures Double
on July 13, 2009 by admin in Business, Trade News, World Business, World Business News, Comments Off
The European Commission in its latest report stated the customs seizures of fake goods have grown by about 125 percent in 2008 from the previous year. It said China maintained its position as the major source of origin by accounting… Continue reading
Indo-US FTA will be a Reality if Agriculture is excluded
on June 30, 2009 by admin in Global Economy, Trade Deals, Trade News, US Business News, World Business, Comments Off
FICCI president Harsh Pati Singhania while concluding his week-long trip to the US stated that instead of waiting for long, it was in the interest of both the countries to move forward with an Indo-US FTA excluding agriculture. FICCI, the… Continue reading
World’s Largest Solar Project to Transform Energy Domain
on June 26, 2009 by admin in Business, Economy, News, World Business, Comments Off
Guenter Gloser, deputy foreign minister of Germany in an interview to Reuters said the world’s largest solar project, the German-led consortium Desertec would create win-win environment for both Africa and Europe particularly to the Mediterranean Union states. The $554bn project… Continue reading
Up to $1.5 trillion to be siphoned from Global Stimulus
on June 23, 2009 by admin in Business, Economy, Global Economy, World Business, Comments Off
Kroll Global Fraud Report warned that if preventive measures were not taken, a portion of the global economic stimulus package would end up in the hands of fraudsters waiting in wings. The report has come out with a four-pronged formula… Continue reading
Iran Revives Interest in US Products
on June 22, 2009 by admin in Export News, Global Economy, Iranian News, Trade Deals, Trade News, Comments Off
According to Associated Press analysis, Iran has showed more interest for US goods during the first four months of Obama Administration by doubling its imports from the same period of the previous year. The analysis of US government trade data… Continue reading
Thailand Ropes in the UAE to Develop Mega Livestock Farms
on June 5, 2009 by admin in ASEAN News, Bilateral Trade, Business, Dairy News, Dubai News, GCC News, Trade Deals, Trade News, World Business, Comments Off
According to sources, Thailand has been able to attract the UAE to invest in its livestock farming industry to produce halal products out of sheep, goats and other livestock. Thailand is understood to have working for some time from now… Continue reading
Iran Offers Solution for Japan to Overcome Economic Turbulence
on June 5, 2009 by admin in Economy, Iranian Business, Iranian News, News, Trade Deals, Trade News, World Business, World Business News, Comments Off
During the last week’s joint seminar by Iranian and Japanese chambers of commerce held in Tokyo, the chairman of Iran’s Chamber of Commerce, Industries, and Mines, Mohammad Nahavandian said that his country had presented immense trade opportunities for Japan to… Continue reading
An International Trader Cannot Dismiss B2Bs
on June 3, 2009 by admin in B2B Portal, Business, E-Commerce, Global B2B, World B2B, World Business, Comments Off
Business to Business (B2B) portals have emerged as comprehensive business solution for international trade. It is high time for a trader to check, if one witnesses tremendous progress in one’s competitor’s business and one does not use e-commerce space for… Continue reading
India to Become Cocoa Production Hub of the Region
on June 1, 2009 by admin in Economy, India News, Trade News, World Business News, Comments Off
Rising demand from the recession proof India for chocolates is forcing leading manufacturers to look within the country for cocoa sourcing to avoid 30 percent import duty and rising transportation cost. Cadbury, the leading UK-based chocolate producers claimed that India… Continue reading
India and ASEAN Iron out Differences – the FTA to be concluded in October
on May 28, 2009 by admin in Bilateral Trade, Business, Economy, Recent Summit, Trade Deals, Trade News, World Business, Comments Off
According to the Indian government sources, the India-ASEAN FTA will be a reality in the forthcoming ASEAN Summit in October as all outstanding issues had been sorted out by both parties. Although India and ASEAN had concluded the talks for… Continue reading
Australia and New Zealand Criticize the US Subsidies to Dairy Exports
on May 25, 2009 by admin in Australian Business, Australian News, Business, Dairy News, Dairy Trade, Economy, Global Economy, New Zealand News, News, Protectionism, World Business, Comments Off
The US move to re-introduce subsidies to 92,000 tons of dairy exports including milk powder, butter and cheese has been decried by both major dairy producing nations New Zealand and Australia. Prime Minister of New Zealand, John Key stated the… Continue reading
International Trade Gets Eco-Friendly through B2Bs
on May 24, 2009 by admin in B2B Business, B2B Portal, Business, E-Commerce, News, Comments Off
As businesses are getting more environmentally conscious, this phenomenon has fuelled businesses across the world to use Business to Business (B2B) portals as their international business tool for all their trading needs. However, in the early 1990′s, though the concept… Continue reading
GCC Rail Projects Provide Huge Opportunities for Rail and Related Global Businesses
on May 14, 2009 by admin in GCC News, Kuwait News, Qatar News, Saudi Arabia News, Trade News, World Business, World Business News, Comments Off
Apart from about 4000km long rail tracks criss-crossing the GCC states, there are several other railway projects in progress and coming up across Gulf region. France, China, the US, UK and India already have a significant presence in the construction… Continue reading
The US-SACU Trade Deal Hits Roadblock
on May 12, 2009 by admin in Botswana News, Business, Economy, Global Economy, Lesotho News, Namibia News, News, Protectionism, South Africa News, Swaziland News, Trade Deals, Trade News, US Business News, World Business, Comments Off
The Obama administration has categorically stated that they had no interest to move forward with the free trade negotiations with the five-member Southern African Custom Union (SACU) due to the failure of several rounds of talks. The SACU comprises of… Continue reading
Canada FTA with Iceland, Liechtenstein, Norway and Switzerland in Force as Planned
on April 30, 2009 by admin in Bilateral Trade, Canada News, EU News, Iceland News, Liechtenstein News, Norway News, Switzerland News, Trade Deals, Trade News, World Business News, Comments Off
The Canadian Minister of International Trade, Stockwell Day has declared the FTA with the members of the European Free Trade Association (EFTA) Iceland, Liechtenstein, Norway and Switzerland would come into force from July 1 this year. The first ever FTA… Continue reading
The US Government Takes Tentative Steps to Check the Economic Slow Down
on April 3, 2009 by admin in Business, Economy, News, Trade News, US Business News, World Business, Comments Off
Ever-since, the cowboys of business started leaving the US in search of their treasure in Asia- Pacific region, the government and laymen were left high and drive. Gradually, along with the big boys of business the money too went away… Continue reading