Emirates' Dubai to serve the route - Baghdad July 1

Emirates Airlines began July 1, 2010 will serve the route Dubai (United Arab Emirates), Baghdad (Iraq), with flights three times per week ie on Tuesday, Thursday and Saturday.

Sheikh Ahmad bin Saeed Al-Maktoum, Emirates Chairman and Chief Executive, said Baghdad is the last city in the Middle East served by the airline's four-star version of Skytrax.

"As the last country we serve, I am glad that today we have a broad and complete coverage of the Middle East," he said via press release, today.

He is optimistic that the field level passengers (load factors) to Baghdad to meet the target, following the economic recovery of Iraq.

"Iraq is going through the recovery and we believe that this is a good time to start operational service in there," he said.

Emirates will use Airbus 330-200 aircraft offering a three-class configuration, consisting of 12 first class seats (first class), 42 business class seats and 183 economy class seats.

As for cargo transport on the route, Emirates' target can carry as many as 10 tons - 12 tons per flight.

Ram Emen, Emirates' Divisional Senior Vice President Cargo, said it was targeting all types of goods can be transported from all over the world to Iraq.

"We will deliver a range of commodities imported to Iraq where the country is doing the reconstruction process. [Goods imported] ranging from food, clothing, electronic goods, and mining equipment, "he said.

SIA-Spanair to Cooperate & Market

Singapore Airlines (SIA) and Spanair (Spain) in cooperation with the operational and marketing (codeshare) to facilitate the passengers of the two airlines had reached the final destination.
Codeshare with effect from May 17, 2010 that allows passengers of Singapore Airlines Singapore route - Barcelona went on to use the route Spanair to Barcelona - Madrid, Barcelona - Palma Mallorca, and Barcelona - Bilbao.

Meanwhile Spanair passenger could use the services of Singapore Airlines for travel from Barcelona to Singapore.

Huang Cheng Eng, EVP Marketing & the Regions Singapore Airlines, said the two airlines codeshare will also improve connectivity between Singapore and three important cities in Spain.

"This reflects our commitment to offer convenient connections and greater flexibility to customers when they make travel plans by offering more choice destinations," he said via press release, today.

Nuria Tarre Spanair Commercial Director said the partnership will offer more connectivity.

"Our partnership with Singapore Airlines will offer more connectivity, more comfort and a host of premium benefits such as VIP lounges we are different in some airports," he said.

Singapore Airlines is currently listed as a five star airline version of Skytrax, while Spanair is three star airlines.

Gold price threatened Overbought

The gold price threatened to buy the excess condition (overbought) and hence, potentially weakening to below the level of U.S. $ 1,159 per ounce. In early trading this week gold corrected from the highest level in five months.

Gold price correction on the trade earlier this week sparked speculation would end the debt crisis in Europe, so that the global economic recovery will come back to continue. Investors return to buy assets yielding higher and gold as an act of removing refuge from market risk (safe haven).

Gold for immediate delivery fell 1% to U.S. $ 1,196.10 per ounce, before trading at the level of U.S. $ 1,197 in Singapore. Prices had climbed to the level of U.S. $ 1,213.07 on May 7 trading, its highest level since December 3, 2009, after stocks in Europe and the U.S. cut off because of fears of debt crisis in Greece.

"Concerns of the condition of the market started to slow down in Europe, so people come back off the gold. The price of gold has gone up too fast so far, so the people currently doing profit-taking," said Yu Kyung Kyu, Eugene Investment & Futures trader co. in Seoul, as quoted by Bloomberg.

The leaders of the European Union and the International Monetary Fund (IMF) has announced the disbursement of aid funds to address the debt crisis that hit several countries in the region amounted to 750 billion euros (U.S. $ 969 billion).

This makes the euro single currency rose to a level of 1.2948 per U.S. dollar after the Asian markets had traded as low dilevel the 14th last month at the level of 1.2520 last week.

Asian stock markets rose 1.5%, ending a five-day correction and the U.S. dollar weakened 1.1% against six currencies.

The price of gold has climbed 9.2% this year triggered the escalation of the financial turmoil in Europe, increasing demand for gold for a safe asset, including the U.S. dollar.

The commodities analyst said at the weekend the price of gold rose to its highest level at U.S. $ 1213.40 new, but still within the range above the level of U.S. $ 1,200.

"It seems that gold is being threatened by the current overbought conditions. If gold can penetrate to the level of U.S. $ 1192.10 [highest May 4], gold prices tend to fall below the level of U.S. $ 1,159.80 and potentially weakening test level of U.S. $ 1,143.40 back," said Rev. .

However, he added, as long as gold prices failed to penetrate the high level of U.S. $ 1192.10, still within the medium-term bullish phase and the strong survive at the top level of U.S. $ 1,200 and U.S. $ 1196.30 per ounce.

Emirates scored 1.1 Billion Dollar Profit

Emirates Group, which consists of the airline Emirates, Dnata, and its subsidiaries, posted a net profit of 1.1 billion U.S. dollars in the 2009-31 financial year March 31 March 2010. Profit increased by 248 percent, compared to earnings the previous year.

"Last year was a year with a profit rate that is sustainable, even though the world is in recession. This is the result of adapting the spirit in bad condition," said Emirates Chairman Group, Your Highness Sheik Ahmed bin Saeed Al Maktoum.

Sheik Ahmed said Emirates' growth because of competition not because of protectionism. And the key to success in 2009 was the effective transfer of staff, ability to retain talented employees, and unpaid leave programs voluntarily.

Revenue from airline Emirates for example, only remained stable at 11.8 billion, up 0.4 percent from a year earlier, but the Emirates' profits, up 416 percent to 964 million U.S. dollars.

That's because Emirates airline total operating costs down 2.7 percent over the previous year. And, the decline in fuel costs in the years 2009-2010 amounted to 691 million U.S. dollars.

Last year, Emirates' fleet is also added with 15 new aircraft, four Airbus A380s, 10 Boeing 777-300ER and one Boeing 777-200 LR aircraft cargo. So that at the end of the financial year, Emirates' fleet reached 142 aircraft, includes four freighters.

Microsoft Office 2010 is marketed

Microsoft Corp. finally launched the Microsoft Office 2010, Microsoft SharePoint 2010, Microsoft Visio 2010 and Microsoft Project 2010 globally for business or corporate customers. The President of Microsoft Business Division, Stephen Elop said after launced in the U.S. more than 90 million companies can started to use product package in 2010 for significant productivity and rapid return on investment from their software.

Stephen Elop told that the package provide an illustration of future productivity. Through a product package in 2010, the organization will save money, innovate and grow because employees may work well in their personal computer, telephone and or the browser.

Forrester Consulting Study results on the product package in 2010 recorded a return of investment grade corporate users of this product reached three times with a return period of 7.4 months after deployment. The study also found that the combined organization will save more than U.S. $ 13 million over a period of more than three years, with an average savings of more than two weeks working time per year.

The study evaluating the use of four basic elements includes cost, benefits for the entire organization, flexibility, and risk. The number of participants tested Microsoft Office 2010 and SharePoint 2010 beta program which is the largest of which never existed, a three-fold compared with the participants of the Office 2007 beta program.

"The result, 8.6 million people are ready to use Office 2010 and related products. In addition, more than 1,000 partners expressed readiness to develop solutions to package products in 2010, "he said.

Mark Mastrianni, Manager of Global Technology Licensing and Acquisition, GE said it has evaluated a number of competitive option to the technologies used today and choose Microsoft Office 2010 as standard desktop productivity applications to date.

"This platform will continue to strengthen GE's position as a leader in technology and provide clear direction to support our business priorities in the future. Office 2010 is a product of the familiar and easy to use, "he said.

Still Worried European, U.S. Stocks Weakens

U.S. stocks end mostly lower in choppy trade on Tuesday (05/11/2010), as investors worry about bailout plan (bailout) for the massive potential impact of the euro zone and Europe in the global economic recovery.

The Dow Jones Industrial Average ended down up and down before 36.88 points (0.34 percent) at 10748.26 at the close of the market.

Then the NASDAQ composite index rose struggled thin 0.64 points (0.03 percent) at 2375.31, while the market index Standard & Poor's 500 fell 3.95 points (0.34 percent) to 1155.78.

Wall Street stumbled following the losses on Asian and European stock markets on the back of strong rally on Monday sparked by the launch of the euro zone rescue plan by the European Union and the International Monetary Fund to ward off the debt crisis.

The Dow has jumped nearly four percent for European action unprecedented ease market concerns that while the Greek debt crisis could spread to other euro zone members.

"The optimism of the financial rescue package for the euro area were expelled because of a trillion dollar shift in focus to the difficulties of fiscal changes in the euro zone countries that are full of debt that must be carried out towards the long-term sustainability," analyst Charles Schwab & Co. said in a note to clients.

Patrick O `Hare said that the market has awakened to the fact that attempts to solve the debt problem by creating more debt a little like trying to solve the problem of consumer debt by transferring balances to your credit card debt with a higher credit limit.

Tactics were bought some time, but does not change the fact that we still have a debt problem.

Greece to Push U.S. Stocks

U.S. stocks rebounded sharply turned up or on Monday (05/10/2010) local time with the blue chip Dow index closed up nearly 4 percent after a massive rescue package for the euro zone reduce investor fears of debt crisis.

Dow Jones Industrial Average jumped 404.71 points (3.90 percent) to 10785.14 after turbulent week for Wall Street which saw the index had dropped nearly 1,000 points on Thursday.

Following a strong rise by the Asian and European stocks, the Dow recorded their greatest increase in a single session since March 2009.

The NASDAQ composite index rose 109.03 points (4.81 percent) to 2374.67, the first triple-digit daily increase since October 2008, while the index of the Standard & Poor's 500 rose 48.85 points (4.40 percent) to 1159.73 .

Investors reacted positively to the joint adoption by the European Union and the International Monetary Fund, Monday, the beginning of the aid package 750 billion euros (about one trillion U.S. dollars) to neighboring Greece and the euro zone to ease a crisis that threatens the global economic recovery.

After the announcement, the U.S. Federal Reserve, European Central Bank, and central banks in Japan, UK, Canada, and Switzerland said they would intervene to ensure that the dollar shortage is not happening in the European market.

Some experts wondered whether the massive stock gains on Monday is the beginning of the rebound to the highest in 2010-which occurred just a few weeks ago, or just a short term rally from last week's slump, which is the culmination of the worst weekly loss in one year, said analysts at Briefing.com.

"Time will know whether the coordinated action was successful. For today is spurred massive trade assistance based on the idea that it's only possible answer," said Patrick O'Hare, an analyst at Briefing.com market top.

"Anyway, while there is a sense of relief in the market today about monetary power is applied, there will be a price to pay for the bailout of fiscal (bailout) for those who need it," he warned.

Rescue agreements consist of 440 billion euros from euro zone countries, and 60-billion-euro loan from the European Commission. Spanish Finance Minister Elena Salgado said the IMF will offer 250 billion euro facility.

Analysts at Charles Schwab & Co., said the financial rescue package from IMF-EU 110 billion euros to Greece has cooled spread the fear of debt and preserve the prospect of the euro zone continued global recovery. "Our opinion is that the risk reward ratio has become positive again," said Wells Fargo chief market strategist Al Goldman.