European Commission adopts mandate to extend interim appeal arbitration arrangement

BRUSSELS: The European Commission today adopted a decision laying the groundwork to deal with the consequences of a possible blockage of the World Trade Organization’s (WTO) Appellate Body, the highest…

NNR September 4, 2019

Canadian Exchange Wire

NOVATEK creates shipping joint venture with Sovcomflot

VLADIVOSTOK: Today, during the Eastern Economic Forum in Vladivostok, PAO NOVATEK and PAO Sovcomflot, signed the Heads of Agreement on creating a joint venture, a release issued to London Stock…

NNR September 4, 2019

Wire

Mitsubishi’s U-MACHINE opens local subsidiary in China

TOKYO: Mitsubishi UFJ Lease & Finance Company Limited has announced that its consolidated subsidiary U-MACHINE Inc. has established U-MACHINE (CHINA) CO., LTD., a local subsidiary in Shanghai. U-MACHINE is a…

NNR September 4, 2019

Wire

Heimtextil Russia’s 21st edition in Moscow starts on September 17

KARACHI: International Trade Fair for home textiles, floor coverings and interior furnishings, Heimtextil Russia 2019 will celebrate its 21st edition in Moscow on September 17 – 19, 2019. As many…

NNR August 23, 2019

Wire

DP World’s earnings grow by 27% in first half of 2019

DUBAI, UAE: Global trade enabler DP World PLC announced strong financial results for the six months to 30 June 2019 with reported adjusted EBITDA and attributable earnings growth of 21.9%…

NNR August 22, 2019

Wire

Blackbird and Google Cloud collaborate at IBC 2019

SAN FRANCISCO: Blackbird plc, the developer and seller of the market-leading cloud video platform Blackbird, will participate in the Google Cloud Partner Pavilion at IBC 2019, a press release noted.…

NNR August 21, 2019

Wire

MSC Gülsün completes first voyage from Asia to Europe

GENEVA: MSC Mediterranean Shipping Company has announced that MSC Gülsün, the world's largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.…

NNR August 19, 2019

Wire

Pakistan to unveil new shipping policy next week

KARACHI: Pakistan's Economic Coordination Committee (ECC) has approved the new shipping policy, which would strengthen the shipping sector and benefit exporters, Federal Minister for Maritime Affairs Ali Zaidi said on…

NNR August 17, 2019

Wire

Messe Frankfurt sets a new record of around €718 million sales in 2019

FRANKFURT: Messe Frankfurt, the largest player in the German trade fair industry is setting a new record of around €718 million sales in 2019. Messe Frankfurt has 30 subsidiaries and…

NNR August 9, 2019

Wire

EFG Hermes reports 49% growth in net profits

CAIRO, EGYPT: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported solid results for second quarter of 2019. Group recorded a net profit after tax and…

NNR August 8, 2019

Wire

ADB approves $500mn loan for Pakistan

KARACHI: Asian Development Bank (ADB) has approved a $500 million loan for Pakistan to support and improve trade competitiveness and exports and help finance the trade deficit. Muhammad Hammad Azhar,…

NNR August 7, 2019

Wire

Pakistan seizes Indian origin expired sugar destined for Afghanistan

KARACHI: Directorate General of Transit Trade has seized large number of Indian origin consignments mis-declared as 'White Crystalline Sugar', destined to be consumed in Afghanistan, as the sugar was expired…

NNR August 6, 2019