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Dutch to achieve $1b valuation

AMSTERDAM: looks likely to become the latest European internet company to achieve a billion dollar valuation after announcing the price range for its upcoming stock market floatation in Amsterdam. The company, which operates a website for ordering meal deliveries, Monday said it expects its shares to be worth between 20.5 euros and EUR26.5 a share, which would give it ... Read More »

Netherland EU’s largest natural gas producer running out of reserves: CBS reports

AMSTERDAM: The Netherlands is the EU’s largest producer of natural gas, and has used 80 percent of its reserves, reports the local CBS statistics office. This leaves the EU with two options: buy more gas from Russia or increase liquefied natural gas (LNG) imports. The Dutch budget has been affected by caps on extraction and plummeting wholesale prices. In 2015, ... Read More »

Netherlands, Switzerland sign two agreements

AMSTERDAM: Two recent mutual agreements between the Netherlands and Switzerland will have significant implications for collective investment vehicles (CIVs). One of the agreements appears to place inappropriate restrictions on certain CIVs. Dutch fiscal investment institutions, Swiss contractual funds, and Swiss open-ended investment funds can take less advantage of Dutch-Swiss tax treaty benefits when it comes to the dividends and interest ... Read More »

Fruit exports from Netherlands grows: Al Maya

AMSTERDAM: The Consul General of the Netherlands H.E. Mr Hans Sandee said that Al Maya Group is taking great efforts in importing FMCG goods from the Netherlands, this was announced by him during his visit to Al Maya Supermarket in Dubai today. Al Maya operates over 40 supermarkets in the UAE. Consul General of the Kingdom of the Netherlands in ... Read More »

Dutch agents seize 260 smuggled reptiles at Amsterdam airport

AMSTERDAM: Agents seized almost 260 reptiles, including protected lizards, crammed into suitcases at Amsterdam airport and arrested three Spaniards suspected of trafficking the creatures, Dutch authorities said Monday. The illegal stash of wildlife that arrived from Mexico was uncovered Saturday and is worth some 80,000 euros ($89,000), according to the Dutch food and consumer watchdog NVWA. Among the seized animals ... Read More »

Dutch aims to raise €175m from IPO

AMSTERDAM:, the Dutch challenger to Delivery Hero and Just Eat, will try to raise €175m via an initial public offering to help fund its fight for market share in Germany. The online takeaway group, which operates in Benelux, Germany and six other countries, launched its intention to float in Amsterdam on Tuesday as it seeks to become Europe’s second ... Read More »

Netherlands Verimatrix launches verspective operator

AMSTERDAM: Verimatrix, the specialist in securing and enhancing revenue for multi-network, multi-screen digital TV services around the globe, today announced the availability of a quick-start evaluation program for Verspective™ Operator Analytics. This new program will help operators better understand how to securely and rapidly collate data from various sources in video services and demonstrate the benefits of actionable analytics across ... Read More »

Firms advise on acquisition of Dutch Klaas Puul’s shrimp

AMSTERDAM: With a revenue of €200 million, Klaas Puul is one of the largest shrimp processors in the Netherlands. The company, founded in 1968 and based in Volendam (a fisher’s city close to Amsterdam), employs 3,500 staff, across its headquarters and production facilities in the Netherlands, Belgium, Germany, Denmark and Morocco. Last year Klaas Puul’s management team launched a divestment ... Read More »

Dutch dairy FrieslandCampina’s profit decreases 16.7% in 1H

AMSTERDAM: Dutch dairy giant FrieslandCampina has reported a profit decrease of 16.7 percent for the first half of 2016 as the global milk crisis bites into revenues. The company says its due to losses on milk powder and cheese and comes despite a growth in infant nutrition and dairy-based beverages. The 16.7 percent decrease amounts to €160 million (US$178 million), ... Read More »

Dutch mobile market declines by 5.6% YoY

AMSTERDAM: The mobile operators in the Netherlands generated EUR 1.2 billion in service revenue in the second quarter of 2016, a decline of 5.6 percent year-on-year, according to the latest research by Telecompaper. After the weaker-than-expected first half of 2016, Telecompaper has downgraded its market outlook for the full year. Telecompaper’s ‘Dutch Mobile Operators Q2 2016’ report shows that of ... Read More »

Netherlands,Mexico tied in $1.818 b tomato exports

AMSTERDAM: Mexico’s tomato exports are only US $60 million away from becoming the country’s main food product export. Last year, Mexico was the world’ biggest tomato exporter in volume, shipping 1.56 million tonnes, beating second-place Netherlands, which shipped 1.121 million. The two countries are tied at $1.818 billion in terms of the dollar value of their tomato exports. Although Mexico ... Read More »

Netherland among top buyers of Romanian corn

AMASTERDEM: According to UkrAgroConsult data, in May 2016 Romania exported 254.3 KMT of corn (139.1 KMT in the previous month), which is 48% lower compared to record high exports of May 2015 (486.4 KMT). Spain, Belgium, Netherlands and Lebanon were top buyers of Romanian corn in May 2016. Over September-May (2015/16) Romanian corn exports are 48% behind the volumes exported ... Read More »

Netherlands to ban on gasoline power cars

AMSTERDAM: The Netherlands is seriously considering a ban on new gasoline and diesel cars beginning in 2025. The Netherlands has used tax policy to achieve one of the lowest levels of lowest levels of CO2 emissions in new cars in the European Union.  According to a report by NGO Transport & Environment, vehicle and fuel taxes are driving the market ... Read More »

Leather exports down 3.15% in Netherlands

AMSTERDAM: In 2015-16, the major markets for Indian leather exports were US (14.25 per cent share), UK (12.24 per cent), Germany (11.51 per cent), Italy (6.97 per cent), Spain (5.6 per cent), Hong Kong (5.38 per cent), France (5.3 per cent), UAE (4.5 per cent), Netherlands (3.15 per cent), China (2.77 per cent) and Australia and Belgium (1.45 per cent ... Read More »

Dutch water sector revenue increases by 10% to €21.3b

AMSTERDAM: The Dutch Water sector has, over a period of four years, seen its revenues increase by 10% to €21.3 billion. Most revenues are generated in the maritime subsector, which accounts for about 58% of the total turnover of the water sector, followed by the delta subsector (~27%). The industry, which is being lifted by international demand, provides jobs to ... Read More »

Morocco,Netherlands sign customs agreement

AMSTERDAM: The customs authorities of the Netherlands and Morocco have signed an agreement setting out a framework for closer cooperation between the two organizations. The bilateral convention on mutual assistance on customs matters was signed in Brussels on July 14 by Peter Hasekamp, the Dutch Director General for Taxation, and Zouhair Chorfi, Director General at the Moroccan indirect tax administration. ... Read More »

Dutch economy grows by 0.6% in 2Q

AMSTERDAM: In the second quarter of this year the Dutch economy grew by 0.6 percent compared to the previous quarter, continuing its steady growth for nine quarters in a row, Statistics Netherlands announced on Friday in its first calculations. Compared to the second quarter of 2015, the Dutch economy grew by 2.3 percent. The second quarter of this year had ... Read More »

Nigeria exports 43% crude oil to India,Spain,Netherland: NNPC

AMSTERDAM: India, Spain and The Netherlands have emerged biggest buyers of Nigeria’s crude oil over a 12-month period, from June 2015 to May 2016, according to a document obtained, yesterday, from the Nigerian National Petroleum Corporation, NNPC. According to the NNPC, Nigeria exported a total of 319.747 million barrels of crude oil to the three countries in the period under ... Read More »

Randstad company generates $21.3b revenue in 2015

AMSTERDAM: Monster Worldwide has agreed to be acquired by Netherlands-based staffing company Randstad NV for $429 million, ending the independence of an online recruitment pioneer that has struggled to compete with the likes of LinkedIn. The companies said Tuesday that Randstad would pay $3.40 a share for Monster, a 23% premium to its closing stock price on Monday. In 2000, ... Read More »

Netherlands company Altice earnings surges by 2.7%

AMSTERDAM: Altice NV said its core earnings rose in the second quarter, as growth in the U.S. and Portugal offset a slowdown in France, where it continued to lose subscribers amid cut-throat competition. The Netherlands-based multinational telecom company founded by billionaire entrepreneur Patrick Drahi reported Tuesday a 2.7% rise in adjusted earnings before interest, taxes, depreciation and amortization — a ... Read More »