Vietnam targets a border trade turnover of 60 billion U.S. dollars with China in 2015, according to Vietnam's Ministry of Industry and Trade on Tuesday.
The country will also work to lift border trade turnover with Cambodia to 5 billion U.S. dollars and with Laos to 2 billion U.S. dollars in 2015, said the ministry at a seminar held in…Read more
The Portuguese parliament on Tuesday adopted a tough new austerity budget for the debt-wracked nation, as thousands of angry protestors rallied outside.
The text was adopted by lawmakers of the ruling centre-right coalition, who hold 132 of 230 seats, overriding the left-wing opposition which voted against.
The 2014 budget aims to save 3.9 billion euros ($5.3 billion), partly through cutting…Read more
Jordan is a leading strategic partner for Europe as the Kingdom is a pivotal player and a key interlocutor for the European Union in the Middle East, European Union ambassador to Jordan Juanna Veronica said on Tuesday.
Veronica told a press conference held at the EU mission in Amman that the bloc and Jordan shared a dynamic and comprehensive relationship…Read more
Egypt's Ambassador to Jordan has urged Egyptians working illegally in the kingdom to adjust their status.
"I'm proud with the great contributions of Egyptian workers to the Jordanian economy," Ambassador Khaled Tharwat told MENA on Tuesday, noting that the Egyptians work in various sectors, including agriculture and construction.
"The Egyptian workforce's contributions are appreciated but illegal workers are advised to…Read more
An international report released on Tuesday has put Israel's poverty rates among elderly people far above the average among developed countries.
One out of five retirees in Israel lives in poverty, according to "Pension at a Glance 2013," an annual report by the Organization for Economic Cooperation and Development (OECD).
Some 21 percent of the population older than 65 in…Read more
Paris could challenge London as a Chinese business hub, France's finance minister told AFP Tuesday, adding that upcoming deals would increase Chinese currency use in the French capital.
Beijing has expressed interest in internationalising the renminbi -- also known as the yuan -- whose convertibility is currently controlled, and the British capital already represents 60 percent of renminbi trade outside…Read more
Shares in Remy Cointreau nosedived Tuesday after the French drinks giant issued a profit warning in reaction to a sharp slowdown in cognac sales to China.
Unveiling a 20 percent fall in first-half net profit, Remy said it expected sales and margins to fall further in the second half of its reporting year and warned of a double-digit decline in…Read more
Iran's president opened a two-day meeting of the Economic Cooperation Organisation in Tehran Tuesday with a call for reforms to the regional body that would boost its "indefensible" trade volumes.
"With the beginning of the third decade of cooperation, ECO needs to undertake some reforms," President Hassan Rouhani said in his opening speech, as cited by local media.
Rouhani asked…Read more
The approved foreign investment in the Philippines significantly increased in the third quarter of this year to 33.1 billion peso (755.7 million U.S. dollars), up 86. 6 percent over the figure a year ago, senior government official said Tuesday.
Jose Ramon Albert, Secretary General of the National Statistical Coordination Board (NSCB), said the total approved foreign investments for the first…Read more
Abu Dhabi investment fund Mubadala and Dubai Aluminium (DUBAL) have signed a five-billion-dollar deal with Guinea that should secure resources for UAE aluminium makers, a statement said.
The accord will see Guinea Alumina Corp, a joint venture owned by Mubadala and DUBAL, investing in the construction of a bauxite export mine in Sangaredi, in western Guinea, the government of Guinea…Read more