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Boeing raises 2014 outlook
The company earned $1.36 billion, or $1.86 per share, for the third quarter ended on September 30, up from $1.16 billion, or $1.51 per share, a year earlier.
UAE set for third largest aviation market by 2018
The second-fastest growing market, Africa, will have a CAGR of 4.4 per cent. Asia-Pacific and Latin America, both with a CAGR of 3.8 per cent.
China economic growth hits 5-year low, but jobs still strong
The third quarter figures, released Tuesday, put China on course for annual growth somewhat lower than the 7.5 per cent targeted by leaders, though they have indicated there is wiggle-room in their plan.
Why internet goes to 'sleep' in parts of the world
It happens because internet goes to 'sleep' almost like a living creature in those part of the world, researchers have discovered.
Etihad Airways and Alitalia unveil Expo Milano 2015 aircraft
Flight frequencies to and from Milan are set to increase during Expo 2015 when Alitalia will commence daily flights between Milan Malpensa and Abu Dhabi.
Saudi oil exports at 3-year low
Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak demand and ample supplies from rival producers.
BoE economist says markets overreacted to slowdown
Markets ended the week pointing to a rate hike around mid-2015 after Haldane said in a speech on Friday that kind of timing might not be a bad bet, given the slower growth outlook.
Dubai judge approves liquidation of local Espirito Santo unit
The decision in the UAE comes after the Dubai regulator announced last month it had frozen deposits at ESBD and imposed other restrictions on the bank to protect customers after its operations and solvency had been “seriously compromised”.
Egypt, 6 int’l firms ink deal to dredge new Suez Canal
New canal will double revenues from the waterway to $13.5b
India aims to boost investment in Africa
Narang said that India’s partnership is aligned with Africa’s own development priorities and trade has grown 31 per cent annually between 2005 and 2011 and is now estimated to be over $72 billion.
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