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Spanish economy expands by 0.5pc in Q3: official data MADRID: Spain's economy grew by 0.5 percent in the third quarter from output in the previous three months, initial data showed on Thursday in a further sign of recovery from recession.This was the fifth quarter in a row of growth, according to the national statistics office which published the figures.It will publish final economic growth data for the period at the end of November.The quarterly growth figures marked a slight slowing from growth of 0.6 percent in the second quarter.Spain is climbing out of a deep recession triggered by the financial crisis, which led to the bursting of a big property bubble, and pushing the unemployment rate up to a record high of 26.9 percent during the first quarter of 2013.The latest unemployment data showed that rate edged below 24.0 percent in the third quarter for the first time since 2011. But at 23.67 percent, it remains one of the ...

Thailand cuts growth outlook, economy still in doldrums after coup BANGKOK: Thailand's economy is still stuck in first gear nearly six months after the army overthrew the government to end months of turmoil, with demand at home and abroad stubbornly weak and big government projects unlikely to bear fruit until next year.A spate of poor economic data, including the government's economic downgrade on Thursday, is an uncomfortable reminder to the junta at a time when expectations are running high. When it seized power in May, ...

Umrah season begins on Nov 23 ISLAMABAD: The Ministry of Hajj in Saudi Arabia has unveiled plans to further strengthen the electronic regulations to improve the services as well as streamline the arrival and departure of pilgrims with the beginning of the Umrah season on Nov. 23 (Safar 1).Minister of Haj Bandar Hajjar and heads of Umrah service providers to discuss the updated electronic services, the Saudi Press Agency reported.This meeting aimed at developing the international electronic network for Umrah and ...

Brazil lifts key rate to 11.25pc RIO DE JANEIRO: Brazil's central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent -- the first hike since April -- in the wake of leftist Dilma Rousseff's re-election as president.Analysts had predicted the bank would leave the main Selic rate on hold at 11 percent.But with Brazil fighting inflationary pressures, the rates committee elected to send out a signal given what it termed a "less favorable risk balance ...

Mexican president meets with kin of 43 missing students MEXICO CITY: President Enrique Pena Nieto met for the first time Wednesday with families of 43 students who went missing over a month ago in violence involving police and drug gang hitmen.The case of the missing in Guerrero state has shocked Mexico -- a country weary of years of mostly drug gang-linked violent crime -- and brought thousands to the streets demanding justice.The parents of the all-male students at a teachers' college in Guerrero want ...

US offers condolences at death of Zambian leader WASHINGTON: The United States on Wednesday sent condolences to Zambia at the death of president Michael Sata, but stressed it believed there would be a peaceful political transition in the African nation."On behalf of the American people, Michelle and I send our condolences ... for the loss of President Michael Chilufya Sata," President Barack Obama said in a statement."The United States remains committed to our enduring friendship and partnership with Zambia, and strongly supports a ...

South Korea September industrial output up 0.1pc on-month SEOUL: South Korea's industrial output in September edged up from a month earlier but falling production of key export items signalled overall weakness, government data showed Thursday.Production in mining, manufacturing, gas and electricity industries grew 0.1 percent last month, a reversal from a 3.9 percent shrinkage in August.Output in manufacturing remained unchanged from the previous month, with falls in key export items such as semiconductors and autos offset by growth in machinery equipment.Output of semiconductors ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
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WeeklyOctober 27, 2014
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