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US jobless claims hit 6-week high WASHINGTON: New claims for US unemployment insurance benefits rose more than expected last week to their highest level in six weeks, the Labor Department reported Thursday.Initial jobless claims, a sign of the pace of layoffs, climbed to 294,000 in the week ending April 11, an increase of 12,000 from the prior week's slightly upwardly revised number.Analysts had expected claims would hold steady from the previous week.The four-week moving average, which helps to smooth week-over-week volatility, inched up by 250 to 282,750. A year ago the average was 316,000.Claims have been trending lower as the jobs market tightened over the past year, with job growth averaging 287,000 payrolls a month until the disappointing March jobs report.The economy added only 126,000 jobs in March, half of what was expected and the worst month since December 2013. The unemployment rate held unchanged at 5.5 percent.Copyright AFP (Agence France-Presse), 2015


EU 'not satisfied' with Greek debt talks BRUSSELS: The EU said Thursday it was "not satisfied" with progress in talks with Greece on its massive debt bailout programme and the reforms it must adopt in exchange for urgently needed funds."We continue to work with other institutions and the Greek authorities. Talks are ongoing. However at this stage, we are not satisfied with the level of progress," European Commission spokesman Margaritis Schinas said.Eurozone finance ministers meet informally April 24 in the Latvian capital ...

Russia to build own space station by 2023: Putin MOSCOW: Russia plans to build its own orbiting space station by 2023, President Vladimir Putin said Thursday during a marathon call-in session with the nation."By 2023, we plan to create our own national space station in orbit," Putin said."This is something far-off in the future, but also necessary for us from the point of view of our national economy."Russia and NASA recently agreed to keep operating and financing the International Space Station at least until ...

European stocks drop on Greek worries, profit-taking LONDON: European equities fell Thursday on fresh worries over Greece, and as investors cashed in gains after London had surged the previous day to a record peak.In mid-afternoon deals, London's FTSE 100 index pulled back 0.27 percent to 7,077.67 points, having soared the previous day to a record intra-day high at 7,111.72.In Paris, the benchmark CAC 40 index shed 0.42 percent to 5,232.32 points and Frankfurt's DAX 30 slid 1.33 percent to 12,069.12 compared with ...

'41 missing' in new Mediterranean migrant boat tragedy ROME: As many as 41 migrants drowned after a small boat carrying refugees sank in the Mediterranean, Italian media said Thursday, days after 400 were lost in another shipwreck.Four survivors told Italian police and humanitarian organisations that their inflatable vessel sank not long after leaving the coast of Libya for Europe with 45 people on board.According to the men picked up by the Italian navy vessel "Foscari" after they were spotted by an aircraft, the ...

Putin says worst is over for Russian economy MOSCOW: President Vladimir Putin said Thursday the worst was over for Russia's crisis-hit economy as he shrugged off widespread concerns over the impact of the Ukraine crisis in his annual phone-in. Russians from around the country sent in questions in record numbers with many focusing on current financial hardships during the four-hour show.But Putin played down the economic troubles and sought to portray Western sanctions over Ukraine as a blessing in disguise."In fact, these sanctions ...


 



 
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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%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln