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Greek election to raise European economic uncertainty: UK's Cameron LONDON: British Prime Minister David Cameron warned on Sunday that the Greek election would raise economic uncertainty across Europe, saying it meant his country had to stick to his plan for Britain's own economy. "The Greek election will increase economic uncertainty across Europe. That's why the UK must stick to our plan, delivering security at home," Cameron said on his official Twitter feed. Cameron made his comments after Greece's left-wing Syriza appeared on course to trounce the ruling conservatives in Sunday's snap election, setting up a possible confrontation with international creditors. Copyright Reuters, 2015

Delta to cancel 600 flights on Monday due to East Coast blizzard NEW YORK: Delta Air Lines has canceled about 600 flights for Monday, Jan. 26 due to a "historic" blizzard expected to hit the East Coast, an airline spokesman said on Sunday. Delta has canceled about six regional flights into New York for Sunday, the spokesman added. The airline has issued a waiver for ticket holders for Monday and Tuesday flights, allowing them to reschedule their itineraries for any flight through Friday, Jan. 30. Copyright Reuters, ...

Greek PM Samaras concedes defeat in snap election ATHENS: Outgoing Greek Prime Minister Antonis Samaras said he respected the decision of the Greek electorate after official projections showed voters rejecting his conservative New Democracy party in favour of the leftist Syriza on Sunday."The Greek people have spoken and we all respect their decision. I have a clear conscience," Samaras said in a televised statement."New Democracy will remain ready to play a decisive role in future developments, as the guarantors of the country's European ...

Euro tumbles on Greek vote results, approaches 11-year low WELLINGTON: The euro weakened on Monday, approaching an 11-year low versus the US dollar after projections showed Greece's Syriza party had won a snap election, raising the risk that the country may demand a debt write-off and end austerity measures. The single currency fell more than half a cent to around $1.1140 in early Australasian trade after official projections showed the leftist party poised to take 149-151 seats in the country's 300-seat parliament. The euro ...

Egypt awards $2.2bn LNG tender to 4 foreign firms-state gas board CAIRO: Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy sources. Declining production and increasing consumption has turned the Arab world's most populous country from an energy exporter to a net importer, prompting a flurry of activity in past months to boost foreign supplies.The four companies will supply four cargoes ...

After Ebola, WHO to set up contingency fund, develop ‘surge capacity’ GENEVA: The Executive Board of the World Health Organisation (WHO) agreed on Sunday to create a contingency fund and an emergency workforce to respond quickly to crises after strong criticism of the agency's delay in confronting the Ebola epidemic. Director-general Dr. Margaret Chan acknowledged that the outbreak showed the need to strengthen WHO's crisis management and to streamline procedures for recruiting frontline workers. "We give member states our commitment to deliver on the action-oriented agenda," ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln