Austria

Vienna airport's profit grows, but traffic growth slows down

Flughafen Wien AG LogoVienna - Flughafen Wien AG, Vienna's international airport, reported Thursday that its net profit rose by 5.1 per cent to 34.3 million euros (43.3 million dollars) in the third quarter, while passenger traffic growth slowed down.

Earnings before interest and taxes (EBIT) amounted to 42.9 million euros, up 5.4 per cent from the same quarter last year.

At 145.3 million euros, the airport's revenues grew by 5.3 per cent.

OPEC oil price edges down by 66 cents

OPEC oil price edges down by 66 centsVienna - The price for crude oil prod

Austrian steelmaker voestalpine boosts profit and sales in Q2

Vienna - Austrian steelmaker voestalpine AG on Thursday reported strong increases in revenue and profit for its second business quarter, as it was able to pass along higher commodity prices to customers.

Net profit for the period from July to September (voestalpine's business year runs from April to April) increased to 279 million euros (352 million dollars), from 192 million euros in the same period last year.

Operating profit rose to 428 million euros, compared with 302 million euros in the second quarter of 2007.

Sales climbed by 17 per cent, to 3.23 billion euros, as the company passed higher material prices on to the market.

UAE to participate in Ozone Layer protection conference

Ozone LayerDubai, Nov 19th, 2008 : UAE is participating in the Eighth Conference of the Parties to the Vienna Convention for the Protection of the Ozone Layer and the 20th Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer, which are being held simultaneously in Doha, Qatar.

UAE's official delegation to the conference is headed by Minister of Environment and Water HE Dr. Rashid Ahmed Bin Fahd.

The minister said that the two conferences will discuss a number of pertinent issues related to the protection of the ozone layer from depletion.

New hopes for nuclear test ban treaty ratification after Obama win

Barack ObamaVienna - After Barack Obama was elected president of the United States, the Comprehensive Nuclear Test-Ban Treaty Organization (CTBTO) in Vienna said Wednesday it was hopeful the next administration in Washington would ratify the ban.

Although the treaty has been open for signature since 1996, the global ban on testing nuclear weapons has not come into force because several key countries including the United States have not ratified the text.

Ratification by the US would put pressure on the other countries needed to implement the test ban, Tibor Toth, executive secretary of the provisional test-ban organization, told journalists.

OPEC oil price continues to slide

OPECVienna - The price for crude oil produced by the Organization of the Pet

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