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German consumer confidence hits 13-year high: survey FRANKFURT: Consumer confidence in Germany is at its highest since late 2001, as the weaker euro and falling energy prices fuel optimism regarding the outlook for Europe's biggest economy, a poll found on Thursday."The tug of war in Europe over the future of Greece has left no impression whatsoever on German consumers," market research company GfK said in a statement."Consumers feel the economy is in a clear uptrend, buoyed by the weak euro, which boosts exports, and low energy costs," the statement said. "Income expectations and a willingness to spend are rising in tandem with the brighter economic prospects."Looking ahead to next month, GfK's headline household confidence index was forecast to rise to 10.0 points in April from 9.7 points in March. "That is the highest level since October 2001. The consumer climate in Germany remains in a clear uptrend," the statement said. Sentiment in Europe's top economy is on ...

Jordan confirms joining Saudi-led intervention in Yemen AMMAN: Jordan on Thursday confirmed it is taking part in a Saudi-led coalition to defend Yemen's President Abedrabbo Mansour Hadi against advancing Shiite rebels who are threatening his stronghold in Aden.An official Jordanian source said its participation in the operation, alongside other Arab countries, was aimed at "supporting the legitimacy, stability and security of Yemen".Copyright AFP (Agence France-Presse), 2015

Britain warns of nuclear arms race if Iran deal fails LONDON: Failure to secure a deal with Iran could mean a nuclear arms race in the Middle East, Britain's foreign minister warned in comments released on Thursday."I remain clear that no deal is better than a bad deal. But we should also be clear-eyed about the alternative," Foreign Minister Philip Hammond said in a speech in London."No deal means no restrictions on enrichment, no restrictions on research and development, and no independent monitoring or verification. ...

Bill Clinton to lead US delegation to Lee Kuan Yew funeral WASHINGTON: Former president Bill Clinton will lead a delegation from the United States to the state funeral of Lee Kuan Yew, Singapore's founding leader who died at age 91 on Monday.Henry Kissinger, a former US secretary of state, will also be in the party sent by President Barack Obama, a White House statement said Wednesday.Lee, who oversaw the city-state's transformation from a poor British colonial outpost into one of the world's richest societies, will be ...

England's Richard III finally gets burial fit for a king LEICESTER: England's slain king Richard III, exhumed from an undignified grave beneath a car park, will finally be buried with honour on Thursday in an unprecedented ceremony filled with pageantry and poignancy.Some 530 years on from his brutal demise, the last English monarch killed in battle will be laid to rest in Leicester Cathedral, across the street from where his remains were located in 2012 in a feat of archaeology.The story of the king in ...

Japan launches replacement spy satellite TOKYO: Japan on Thursday successfully launched a replacement spy satellite, its aerospace agency said, as an existing device comes to the end of its working life.Tokyo put spy satellites into operation in the 2000s after its erratic neighbour North Korea fired a mid-range ballistic missile over the Japanese mainland and into the western Pacific in 1998.The Japan Aerospace Exploration Agency (JAXA) and Mitsubishi Heavy Industries launched the H-2A rocket from Tanegashima Space Center in southwestern ...

US officials in Cuba on telecoms follow-up HAVANA: A US delegation was in Cuba, following up on the reestablishment of normal telecommunications links as part of their bid to normalize relations, authorities said on Wednesday.The team was being led by Daniel Sepulveda, deputy assistant secretary of state and coordinator for international communications and information policy, the communications ministry said.Deputy Communications Minister Jose Luis Perdomo briefed Sepulveda and his colleagues on Cuba's computer systems and cybersecurity, a ministry statement added.Earlier this month, Cuba's ...


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Arrow DAX 11,843.66 0.18
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Arrow Sensex 27,457.58 2.33

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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln