Business

MOSCOW, Jan 28 (NNN-AGENCIES) — Russian tour operators have stopped selling package holidays to China due to the coronavirus outbreak there and are only bringing Russian tourists home, Dmitry Gorin, vice president of the Association of Russian Tour Operators, said. 

The move was taken at the recommendation of Rosturizm, Russia’s state tourism agency, he said, as the death toll from the new virus in China rose to 106 with more than 2,740 people infected.

SAN SALVADOR, Jan 28 (NNN-AGENCIES) — Guatemalan President Alejandro Giammattei offered his Salvadoran counterpart, Nayib Bukele, the opportunity to build and operate a port in Guatemalan waters in the Atlantic Ocean to promote commerce.

Giammattei, who took office in January, said the governments will work to develop a legal framework so that El Salvador can develop projects through a public-private partnership on the Guatemalan coast.

BEIRUT, Jan 28 (NNN-NNA) — Lebanon’s Parliament endorsed, on Monday, the 2020 state budget, Al-Jadeed local TV channel reported.

The 2020 state budget estimates revenues to stand at 13,325 billion Lebanese pounds (8.8 billion U.S. dollars), which are not enough to pay the public sector salaries, social aid and debt servicing, according to head of the finance and budget committee, Ibrahim Kanaan.

27 Jan 2020; MEMO: Libya’s National Oil Corporation (NOC) said yesterday that the country’s crude oil production has decreased by 76.3 per cent, reaching nearly 284,000 barrels per day, after the forces of the Libyan National Army shut down major oil fields and ports in the east and south of the country.

NOC said in a statement that the average daily production has decreased from the 1.2 million barrels per day reported on 18 January.

27 Jan 2020; MEMO: Iran Foreign Minister Mohammad Javad Zarif yesterday discussed bilateral cooperation regarding the Strait of Hormuz with his Omani counterpart, Yusuf Bin Alawi Bin Abdullah in Tehran, the Tasnim news agency reported.

The agency said the two ministers confirmed their countries’ intention to continue cooperation and consultation to ensure maritime and energy security for all.

Tel Aviv, Jan 26 (PTI) In view of the increase in passenger traffic on the Tel Aviv-New Delhi sector, India's official carrier Air India will double the number of flights on the route to six per week from April.

The national carrier created history by becoming the first commercial flight to fly to Israel over Saudi Arabia and Oman in March 2018, seen by many as a diplomatic breakthrough and often presented by Israeli Prime Minister Benjamin Netanyahu as a major achievement of his government signalling improving ties with Gulf countries.

New Delhi, Jan 26 (PTI) Tata Motors aims to establish itself as the leader in the electric vehicle (EV) market in the country as it looks to roll out new products for both private and fleet segments, a senior company official said.

The company, which sells its Tigor EV primarily to fleet customers, is now gearing up to cater to the personal segment with the introduction of the electric version of compact SUV Nexon which comes with a range of over 300 kms.

NEW YORK, Jan 27 (NNN-MERCOPRESS) — Argentina’s Economy Minister Martin Guzman is in New York and on Monday will be participating of a conference at the Council of Americas.

Later in the day he will meet International Monetary Fund and U.S. Treasury officials, as part of Argentina’s efforts to revive growth and renegotiate its debts.

Guzman, an acolyte of frequent IMF critic Joseph Stiglitz will meet with the Fund’s Argentine mission head Luis Cubeddu, and economist Julie Kozak, as well as analysts, investors and U.S. officials.

26 Jan 2019; MEMO: Saudi Arabia’s sovereign wealth fund is in talks to buy English soccer club Newcastle United for about 340 million pounds ($447 million), a source familiar with the situation told Reuters, confirming a report in the Wall Street Journal earlier on Saturday, reports Reuters.

WASHINGTON, Jan. 25 (Xinhua) -- U.S. President Donald Trump has signed a proclamation that will raise tariffs on derivative steel and aluminum imports to cover nails, staples and other downstream products, while studies show that tariffs have hurt the American manufacturing sector and the overall economy.