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Egypt expects new laws to boost investment
CAIRO: Egypt is hoping that long-awaited regulations approved recently to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active within days. “Establishing a company will literally now take hours. It used to take months. This is massive,” she said. New regulations will allow
India’s tea exports hit by severe competition
NEW DELHI: India’s tea exports hit by competition from other countries and lack of modernisation in tea plantations, analysts said. Tea exporters aim a difficult brew target of 22% more in 3 years but orthodox variety output is stagnating. First, the production of orthodox tea variety, rising in demand, is stagnating. Second, Kenya and Sri Lanka have eaten into the primary markets in India. Industry sources said the Tea Board of
CPEC provides avenues to target $100 billion Chinese agriculture market
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) is a golden opportunity for overall development of this region and Pakistan should reorganise its agriculture sector to get a major slice of the $100 billion worth of agriculture produce imports by China, suggested Muhammad Mehmood, Punjab Agriculture Secretary. Speaking at the launch of a study on “CPEC - Prospects and Challenges for Agriculture”, Mehmood pointed out that
SpiceJet hikes excess baggage fee, others may follow
NEW DELHI: India’s budget passenger carrier SpiceJet hiked its excess baggage charges. According to the airline’s website, the fee on excess checked-in baggage above the free 15 kg limit for 5 kg has been hiked from Rs500 earlier to Rs1,425. Travel experts said that other airlines might follow the suit and it would affect domestic passengers. The airline became the first major passenger carrier to hike the excess baggage charges
Pakistan adds 55 US-made locomotives to railway fleet
LAHORE: Fifty-five US-made computerised locomotives with 4,000 horsepower have become part of fleet of Pakistan Railways’ locomotives. Railways Minister Kh Saad Rafique congratulated Javed Anwar, CEO, Ansir Ba Allah, AGM Mechanical, administration and employees. These up-to-date engines are earning hands of railways. They will help in accumulating profit of emerging contemporary railways. This national organisation will serve
SBP to use modern machines to print currency notes
KARACHI: State Bank of Pakistan (SBP) Governor Tariq Bajwa said modern printing machinery will be used to enhance the printing capacity and improve the quality of banknotes. This was the first visit of the SBP governor to Pakistan Security Printing Corporation (PSPC) after its acquisition by the central bank a couple of months back. Bajwa said PSPC will have to join hands with SBP-Banking Services Corpora¬tion (BSC) and the
IndiGo grounds 12 Airbus jets due to engine shortages
NEW DELHI: India’s biggest airline IndiGo said it had been forced to ground 12 Airbus jets because of delays in getting new Pratt and Whitney-made engines and uncertainty around a new Indian sales tax. In a statement following local media reports of new grounded planes, the carrier said eight of its A320neo aircraft had been grounded since April. Four A320ceo were also grounded last month because spare engines are stuck at custom
Parents pose for ‘newborn’ photoshoot with 21-year-old son
WASHINGTON: Whether they’re artfully curled up in pea pods Anne Geddes..
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Israel police kill Palestinian in West Bank
TEL AVIV: A Palestinian was killed by Israeli border guard in the occu..
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Abu Dhabi Police arrest woman drug dealer
ABU DHABI: In a special operation called “The Trap," Abu Dhabi Police ..
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US Central Command chief visits Pakistan
ISLAMABAD: The chief of the US Central Command visited Pakistan on Sat..
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Fierce clashes rock Palestinian camp in Lebanon
SIDON (Lebanon): Palestinian security forces on Saturday battled radic..
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Sheikh Mohammed attends Endurance Cup
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Daesh claims attacks in Spain, Russia
BEIRUT: The Daesh group on Saturday claimed responsibility for deadly ..
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Teen’s photo goes viral after she brings baby brother into classroom
WASHINGTON: A 17-year-old girl’s Snapchat post went viral after she sh..
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India rail accident kills 10, says official
EW DELHI: At least 10 people were killed on Saturday and 150 injured w..
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Glamorgan great Shepherd dies aged 90
LONDON: Glamorgan great Don Shepherd has died aged 90, the Welsh count..
Added : 9 hours ago
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