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Saudi Customs revenues grow to SR29.8bn in 2015

  WAM The total revenues of Saudi Customs in the last fiscal year 1436 AH (2015 AD) amounted to SR 29.8 billion, an increase of 9 percent compared to 2014, including SR3.06 billion incurred by the state as part of the support for some imported goods. According to the Saudi Press Agency, SPA, the recently issued annual report of the ...

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India IT sourcing giant TCS books quarterly profit rise

  Bloomberg India’s biggest IT sourcing firm Tata Consultancy Services reported better-than-expected quarterly earnings on Thursday, boosted by rising demand for its cloud computing services. The firm, based in India’s financial capital Mumbai, said net profit for the three months to June 30 rose to 63.17 billion rupees ($944 million) from 57.09 billion rupees for the same period a year ...

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India interest-rate swaps at 6-yr low

  Bloomberg Bets that India’s yet-to-be-named new central banker will lean toward looser monetary policy have accelerated a drop in interest-rate swaps triggered by improving cash supply in the financial system. The cost to lock in rates for a year fell to 6.43 percent in Mumbai on Wednesday, the lowest level since September 2010, and has dropped six basis points ...

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