 | Investment in broadband
to spur Qatar´s growth:Xiao HUAWEI, a leading global information
communication and
technology (ICT) solutions
provider, believes that investment
in broadband in Qatar will
not only benefit the telecom sector
but will add to the GDP.
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| | M-E fuel mart poised for tight Q3 |  THE Middle East fuel oil
market is braced for a tightening
third quarter as soaring
power generation
demand is set to curb Saudi
Arabia´s exports and Western
sanctions could deprive the
market of Iranian supplies.
But although tighter supplies
should push Gulf fuel oil
premiums higher and could
lift the Singapore ship fuel
bunkering market, fears of
regional fuel oil shortage are
unfounded, traders and analysts
in the Middle East and
in Asia say.
"Saudi Arabia is likely to
remain a large net exporter of
fuel oil, with much of this
going to Asia," Riyadh-based
HSBC analyst John Tottie
said.
"As we go into the summer
season, the import of lowersulphur
fuel oil may increase... | | | SAS pre-tax losses widen to $163mn |  SCANDINAVIAN airline SAS
posted a first-quarter loss that
was more than twice analyst
forecasts, hurt by a weak economic
environment and rocketing
jet fuel prices.
SAS has been struggling for
years with higher costs than
no-frills competitors like
Ryanair and Norwegian Air
Shuttle.
The airline, half-owned by
Sweden, Norway and
Denmark, made a pretax loss
of 1.1 billion Swedish crowns
($163 million) against a
Reuters poll forecast loss of 514
million and compared with a
558 million crown loss in the
year-ago period.
"The negative trend was due
to sharp increases in jet-fuel
prices, the uncertain economic
climate and the fact that the
earnings effects of the... | | | ECB resists calls for crisis
action, holds interest rates |  THE European Central Bank
held interest rates at 1 percent
on Thursday and will
resist calls to do more to fight
the eurozone crisis, putting
the onus on governments to
foster growth and head off
anger over austerity policies.
Police mounted a heavy
presence outside the
Barcelona hotel where the
policymakers were meeting,
ahead of protests expected
against the Spanish government´s
spending cuts that are
supported by the ECB.
Financial markets want the
central bank to step up its
efforts to fight the crisis by
buying Spanish government
bonds to reduce borrowing
costs for the country which is
in recession and has unemployment
that is twice
Europe´s average. | |
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