Business

LONDON, Oct. 22 (Xinhua) -- British Prime Minister Boris Johnson on Tuesday was defeated in a vote on his Brexit timetable, meaning his government could push for a general election.

After the vote, the prime minister said: "I must express my disappointment that the House has again voted for delay rather than a timetable that would have guaranteed the UK would have been in a position to leave the EU (European Union) on Oct. 31 with a deal."

Lawmakers voted 308 to 322 to turn down his proposed rapid timetable for Brexit bill.

DUBAI, Oct 22 (NNN-BERNAMA) — Malaysia is keen to strengthen its bilateral trade relationship with the United Arab Emirates (UAE) and expect to see total trade between the countries to increase by five per cent this year from the US$5.7 billion recorded in 2018. 

The newly-appointed Malaysian Ambassador to the UAE Mohd Tarid Sufian said trade with the Gulf Cooperation Council (GCC) nation has been in its favour since 2017 but Malaysia managed to reduce the gap by 66 per cent last year. 

TEHRAN, Oct 22 (NNN-IRNA) – Iranian Foreign Minister, Mohammad Javad Zarif, said, he is ready to travel to Saudi Arabia to discuss resolution of tensions.

“If condition is provided, I would be ready to travel to Riyadh, to settle differences” between the two countries, Zarif was quoted as saying by Press TV.

“Tehran welcomes any initiative seeking to ease tensions in the region, and it will cooperate (with other states) to end Yemen’s war,” he noted.

Iran believes end of the war in Yemen will primarily help the Yemeni people, the Iranian minister said.

KIGALI, Rwanda, Oct 22 (NNN-XINHUA) – Rwandan President, Paul Kagame, officially inaugurated a dry port, Kigali Logistics Platform, Rwanda’s largest inland cargo handling facility, in the capital city of Kigali, as the landlocked country bids to become a regional logistics hub.

The platform also hosts a 2,500-square metre bonded warehouse of Rwanda Digital Trading Hub of Alibaba Electronic World Trade Platform (eWTP), Yiwu Global Innovation Centre.

RABAT, Morocco, Oct 22 (NNN-MAP) – The 2nd International Conference on Justice, kicked off on Monday, in Morocco’s central city of Marrakech, with the presence of more than 800 representatives from nearly 70 countries.

Held under the theme “Justice and Investment,” the two-day event is bringing together over 40 justice ministers and several senior officials of high judicial councils and prosecutors.

BAGHDAD, Oct 22 (NNN-NINA) – The Prime Minister of Norway, Erna Solberg, arrived in the Iraqi capital Baghdad on Monday, to meet with top Iraqi officials over boosting bilateral ties and regional issues.

Iraqi Prime Minister, Adel Abdul Mahdi received Solberg in his office, and the two discussed means of enhancing bilateral ties in various fields, and continuing cooperation in fighting against terrorism, as well as regional issues.

22 Oct 2019; MEMO: Palestinian MP Jamal Al-Khodari revealed yesterday that there is a $200 million deficit in the budget for the reconstruction of homes destroyed during the Israeli offensive on Gaza in 2014, Quds Press reported.

In a press release, Al-Khodari said that many regional donors have not fulfilled pledges they gave five years ago, following the devastating Israeli offensive.

22 Oct 2019; MEMO: Egyptian Prime Minister Mostafa Madbouly and his Kuwaiti counterpart Sheikh Jaber Al Mubarak Al Hamad Al Sabah yesterday attended an event held for the signing of deals worth $1.09 billion to fund the second phase of the Sinai development programme, state-run newspaper Al-Ahram reported.

Included in the deals is a $86 million project to carry out an infrastructure project at Al-Nafaq Road in the coastal resort town of Sharm El-Sheikh.

Shopian, Oct 21 (PTI) Under the recently launched market intervention scheme (MIS), over 40,000 boxes of apple were procured from registered farmers in Jammu and Kashmir's Shopian district, an official said on Monday.

The apples were taken from orchardists at the new mega fruit mandi in Aglar, Shopian through the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), deputy commissioner of Shopian Choudhary Mohammad Yasin said during a review of the MIS in the district.

New Delhi, Oct 22 (PTI) IT services firm Infosys on Tuesday plummeted 16 per cent on concerns over a whistleblower complaint which alleges that two of the company's top executives were indulging in unethical practices to increase short-term revenue and profits.

The scrip plunged 15.94 per cent to Rs 645.35 on the BSE.

On the NSE, it tanked 15.99 per cent to Rs 645.