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Pfizer cuts vaccine price for poor as GAVI group seeks $7.5bn LONDON: Pfizer is to cut the price of its pneumococcal vaccine Prevenar 13 by 6 percent to $3.10 per dose in poor countries as part of a commitment to the GAVI global vaccines alliance, the US drugmaker said on Monday.Pfizer's move comes as GAVI holds a major funding conference in Berlin at which it hopes to raise $7.5 billion from donors to pay for increased deployment of vaccines in the developing world between 2016 and 2020.The final amounted raised will be decided at the end of talks on Tuesday, although GAVI Chief Executive Seth Berkley said he was confident there would be enough money to immunise another 300 million children as planned. "We still have some moving pieces but we are certainly close and we will be able to reach the kids we wanted to reach," he said in a telephone interview. GAVI, which is backed by the Bill & ...

Microsoft profit falls on sluggish Windows demand, tax charge SEATTLE: Microsoft Corp said on Monday fiscal second-quarter profit fell, as sluggish personal computer sales dampened demand for Windows software and the company had a one-time tax expense relating to an audit in the United States.The world's largest software company reported profit of $5.86 billion, or 71 cents per share, compared with $6.56 billion, or 78 cents per share, in the year-ago quarter. Sales rose 8 percent to $26.5 billion, largely due to the acquisition ...
Siemens names new healthcare bosses, power head goes MUNICH: German industrial group Siemens announced a major reshuffle of its management board on Monday, appointing a new team to run its healthcare business and saying the chief of its struggling power and gas unit would leave this week. Bernd Montag, currently head of imaging and therapy systems at healthcare, will replace Hermann Requardt as chief executive of the healthcare business, which Siemens is hiving off into an independent legal entity, Siemens said.It also named ...
Turkish Airlines in talks for around 10 Airbus A380s PARIS/ISTANBUL: Turkish Airlines is in negotiations to obtain 10 or more Airbus A380 jets in a deal potentially worth $4 billion based on a direct purchase at catalogue prices, two people familiar with the matter said.A deal, if finalised, would be the first airline order for the double-decker jet since Dubai's Emirates boosted its order at the Dubai Airshow in November 2013, but the people cautioned there had been false alarms about a Turkish order ...
VW pledges sensible sales goals in Chinese dealer accord BERLIN: Volkswagen has promised to continue to set sensible sales targets for its car dealers in China to ensure a financially healthy distribution network in a slowing market. The German group said on Monday it would continue to pursue a "mutually beneficial and sustainable partnership" with Chinese dealers based on an agreement the carmaker has reached with distributors in the world's No. 1 auto market. "Satisfied dealers create satisfied customers," a spokeswoman for VW's China ...
VW pledges sensible sales goals in Chinese dealer accord BERLIN: Volkswagen has promised to continue to set sensible sales targets for its car dealers in China to ensure a financially healthy distribution network in a slowing market.The German group said on Monday it would continue to pursue a "mutually beneficial and sustainable partnership" with Chinese dealers based on an agreement the carmaker has reached with distributors in the world's No. 1 auto market."Satisfied dealers create satisfied customers," a spokeswoman for VW's China operations said ...
AT&T to buy Nextel Mexico for $1.88bn WASHINGTON: US telecom giant AT&T said Monday it would buy wireless carrier Nextel Mexico for $1.88 billion, in the second acquisition in three months in Mexico.The move furthers AT&T's efforts to create "the first-ever North American mobile service area covering over 400 million consumers and businesses in Mexico and the United States," AT&T said in a statement.The deal follows one announced in November in which AT&T revealed plans to buy Mexican wireless operator Iusacell for ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln