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Qatar Airways says no longer interested in CSeries BERLIN: Qatar Airways is no longer interested in ordering any CSeries jets as as result of the delays to the new single-aisle aircraft made by Bombardier ."We have completely forgotten about it because you cannot wait indefinitely," he said in an interview on the sidelines of the ITB travel fair in Berlin.He also said that Qatar Airways would wait at least a couple of years before deciding whether to order any more A380s after starting operations with its first of the superjumbos last year."I have to see the performance, I need at least a couple of years to see what added benefit this airplane has compared to the other types that we're operating," he said.He said any revamp of the A380 would likely be a long way off."We will study it once they tell us what it is capable of doing," he said.Copyright Reuters, 2015 ...

BP to sell stake in major North Sea gas pipeline LONDON: Oil major BP has put up for sale its stake in one of Europe's biggest natural gas pipelines in the North Sea as part of its ongoing asset disposal programme.BP holds a 36 percent interest in the 404-kilometre subsea Central Area Transmission System (CATS) that runs through the central sector of the British North Sea.The pipeline pumps up to 1.7 billion cubic metres of gas a day from UK North Sea fields, more than ...
Total eyes closing nine units located in tax havens by 2017 PARIS: French oil major Total disclosed a list of all its 903 subsidiaries worldwide in a transparency move on Wednesday after recurring criticism about the group's presence in tax havens.Total, vying with Sanofi for the crown of France's biggest listed company, said it was working on withdrawing nine of the 19 entities in countries deemed to be tax havens by the end of 2016.The group did not specify which ones, but among the subsidiaries listed ...
Brazil industrial production falls BRASÍLIA: Industrial production in Brazil fell 5.2 percent in January compared with the same month last year, despite a two percent rise for the month.The government statistics agency IBGE said Wednesday that production had been falling since last March and was down 3.5 percent over 12 months.Lst year, Brazil registered fourth straight year of anaemic growth, with its public accounts going into deficit and joblessness rising albeit from historically low levels.Brazilian GDP fell in 2014 ...
Russia's Rosneft says 2014 profits down 10 percent MOSCOW: Russia's state-controlled energy giant Rosneft said Wednesday its annual net profit for 2014 was down by nearly 10 percent after Russia's economy took a battering from plunging oil prices and Western sanctions over Ukraine.Rosneft said its net profit last year was 350 billion rubles ($5.63 billion according to the current exchange rate), a decline of 9.8 percent from its 2013 net profit of 388 billion rubles.In the fourth quarter of last year, profits were ...
Qatar Airways interested in more airline stakes BERLIN: Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.Qatar Airways bought a 9.99 percent stake in International Consolidated Airlines Group (IAG) in January, aiming to forge closer ties to a company with two major European hubs and strong transatlantic networks. Asked whether Qatar Airways would like to buy more of its ...
China says tech firms have nothing to fear from anti-terror law BEIJING: China's proposed anti-terrorism law will not affect the legitimate interests of technology firms, a top Chinese spokeswoman said Wednesday after US President Barack Obama warned of its impact and demanded amendments.China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew criticism from Obama, who told Reuters in an interview this week China would have to change the draft law if it were ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln