Lebanese President Says Three Billion USD Burden Yearly By Syrian Refugees

BEIRUT, Oct 1 (NNN-NNA) – Lebanese President, Michel Aoun, said that, Syrian refugees pose a burden of three billion U.S. dollars yearly, on the Lebanese economy, a statement by Lebanon’s presidency reported. “This figure has a very negative impact on our small country, whereby Lebanon’s debt increased by 27 billion…

Syria, Iraq Mark Victory Against Daesh With Opening Of Key Border Crossing

DEIR AL-ZOUR, Syria, Oct 1 (NNN-SANA) – Under the victory banner, the Bukamal-Qaim border crossing, between Syria and Iraq was reopened on Monday, the first time since its closure in 2014, when the Daesh militants captured areas on both sides of the border. Reporters at the site witnessed the reopening…

Turkey Unveils New Economic Programme With Ambitious Growth Target

ANKARA, Oct 1 (NNN-ANADOLU) – Turkey laid out a new three-year programme to recover its economy, with ambitious targets, including a surge in growth and a slowdown in inflation. During a presentation in the capital, Ankara, Turkish Treasury and Finance Minister, Berat Albayrak, said, consumer price growth forecast has been…

Feature: Gaza’s Only Pharmaceutical Factory Struggles To Survive Amid Dire Conditions

GAZA, Palestine, Oct 1 (NNN-XINHUA) – Gaza Strip’s only pharmaceutical factory is struggling to survive, amid deteriorating economic situation, caused by Israel’s 12-year blockade on the Palestinian territory. The factory was established in 1994, by the Middle East Pharmaceutical and Cosmetics Laboratories Ltd, but production only started in 1999. “The…

Engagement With China, Australia Key To BIMP-EAGA’s Tourism Growth: Brunei Official

BANDAR SERI BEGAWAN, Oct 1 (NNN-BB NEWS) – Engagement with development partners, such as China and Australia, is key to the continuous growth of the tourism sector in the ASEAN’s sub-regional growth area of BIMP-EAGA, Brunei tourism official said. BIMP-EAGA is ASEAN sub-regional growth cluster of Brunei-Indonesia-Malaysia-Philippines-East ASEAN Growth Area.…

Japan’s Industrial Output In Aug Decreases Due To Falling Exports, Typhoons

TOKYO, Oct 1 (NNN-NHK) – Japanese government data showed, the country’s industrial output in Aug decreased by 1.2 percent, compared to the previous month, mainly due to weak exports and powerful typhoons. The index of production at factories and mines is seasonally adjusted and stood at 101.5, against the base…

Indonesia Annuls Plan To Shut Down Komodo Island

JAKARTA, Oct 1 (NNN-ANTARA) – The Indonesian government, annulled on Monday, the planned shutdown of Komodo Island, a popular destination in the eastern region, over conservancy concerns. The cancellation was decided in a meeting attended by Coordinating Minister for Maritime Affair, Luhut Pandjaitan, Environment and Forestry Minister, Siti Nurbaya, Tourism…

S.Korea’s Export Dips 11.7 Percent In Sept

SEOUL, Oct 1 (NNN-YONHAP) – South Korea’s export dipped in double figures last month, keeping a downward trend for the 10th consecutive month, a government report showed, today (Tuesday). Export, which accounts for about half of the export-driven economy, diminished 11.7 percent over the year to 44.71 billion U.S. dollars…

21 Die In Bus Accident In West India

NEW DELHI, India, Oct 1 (NNN-PTI) – As many as 21 people died and several others injured, in a bus accident in India’s western state of Gujarat, media reported. The incident occurred when the bus overturned at Trishulia Ghat, near Ambaji town, at Banaskantha district in Gujarat. Police rushed to…

Upgrading Work On Road Connecting Nepal-China Border To Help Grow Trade

KATHMANDU, Oct 1 (NNN-NEPALNEWS) – Nepali traders, involved in Nepal-China trade, have seen prospect of increasing trade through Rasuwagadhi-Kerung route, after road upgrading works began on Syaphrubesi-Rasuwagadhi section, which connects Nepal’s capital Kathmandu and bordering town-Rasuwagadhi. “Under the Syaphrubesi-Rasuwagadhi upgrading, the road will be widened to two lanes from the…