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Emirates say has had extensive A380neo discussions BERLIN: Emirates has had extensive discussions with Airbus about the production of a revamped version of the A380 super jumbo with more efficient engines, the airline's president said on Thursday.Emirates, which is the leading buyer of the existing A380 jet with 140 orders, has said it would look at placing an order for up to 200 A380neo jets to replace its current fleet and drive further expansion."If we're lucky it will give us a 10-13 percent reduction in seat costs per mile," Emirates President Tim Clark told reporters at an event during the ITB travel fair in Berlin."We understand they're compiling the business case and an element of that will be the Emirates order," Clark said.He said he expected an A380neo would be powered by Rolls-Royce engines based on its Trent XWB engine.Clark also said Emirates was considering Rolls-Royce engines for 50 of its Airbus A380 aircraft that are yet ...

SCOR CEO says sees no need to seek merger PARIS: French reinsurer SCOR is already large enough so it does not need to participate in a wave of consolidation currently underway in its sector, Chief Executive Denis Kessler said on Thursday.Speaking on a conference call with journalists, he said the group had reached a critical mass in recent years in part through acquisitions and did not face the same pressure of smaller rivals that had not done deals."We see (the consolidation), but we are ...
Norwegian Air pilots' strike continues after failed talks OSLO: Budget carrier Norwegian Air Shuttle has held new talks with its striking pilots but no solution was found to the six-day conflict, a spokeswoman said on Thursday."There was contact during the night," Anne-Sissel Skaanvik said. "The positions taken by the parties remain far apart."The Parat labour union was not immediately available for comment.At least 650 pilots are currently on strike, grounding many of the airline's domestic flights in Norway, Sweden and Denmark, and between ...
Poland's PGNiG tops profit forecast on lower import costs WARSAW: Poland's biggest gas distributor, PGNiG, beat fourth-quarter net profit forecasts as the lower cost of gas imports outweighed impairments.Shares in the state-controlled company jumped more than 5 percent in early Thursday trading, after it posted a quarterly net profit of 688 million zlotys ($184 million).Analysts had on average expected a profit of 72 million zlotys after a 161 million net loss in the same period the year before, according to a Reuters poll.Forecasts ranged ...
Austria's Andritz to double dividend on record order intake VIENNA: Austrian engineering group Andritz plans to double its dividend to 1 euro per share for 2014 as its order intake and backlog touched all-time highs, the company said on Thursday, reiterating forecasts of higher net profit in 2015.Fourth-quarter earnings before interest, tax and amortisation (EBITA) reached 145.1 million euros ($160 million), above the average estimate of 128 million euros in a Reuters poll of analysts.Copyright Reuters, 2015 ...
Continental expects sales jump as car output, tech demand grows BERLIN: German automotive supplier Continental expects sales to jump by almost half by 2020 on rising car production and demand for safety technology and electronic components.Continental said on Thursday it expected global output of passenger cars weighing up to 6 metric tonnes to rise to as many as 105 million vehicles by 2020 from about 89 million this year.Growing production could raise sales to more than 50 billion euros ($55.24 billion) by 2020 from 34.5 ...
SODIC says 2014 net profit 154.3mn Egyptian pounds CAIRO: SODIC, Egypt's third-largest listed property developer, said it made a net profit of 154.3 million Egyptian pounds ($20.2 million) in 2014 after a loss of 477.1 million pounds the previous year.SODIC, also known as Sixth of October Development and Investment Co., said in a statement on Thursday it had revenues of 1.37 billion pounds in 2014, up from 1.32 billion a year earlier.Copyright Reuters, 2015 ...


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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