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|DOHA， July 11 (Xinhua) -- Qatar Airways announced on Monday an operating profit of three billion Qatari riyals (about 824 million U.S. dollars) in 2016， up from 1.1 billion riyals the previous year due to low oil prices， route expansion and a cut in expenditure.
The carrier said in its first published full-year results that the operating profit for fiscal year 2016 was nearly three times than 2015， resulting in an 8.6 percent operating profit margin， an improvement of nearly six percentage points from the prior year.
The growth rate in ASK term since the relaunch in 1997 to this March is 28 percent， according to the company's financial statement.
Qatar Airways Group Chief Executive Akbar Al Baker said "Qatar Airways continues to lead the industry in all aspects of the business， from our strong financial performance to our award-winning on board product."
"Our fiscal year 2016 was the best yet for Qatar Airways Group."， Al Baker added.
For the year ending March 31， 2016， Qatar Airways Group reduced its expenses 1.5 percent and increased its cash and bank balance from 5.5 billion to 12 billion riyals， despite the significant growth in operations and an adverse movement in foreign currency exchange， according to the statement.
Meanwhile， the airways earnings received a boost from the low oil prices. The Gulf state's national carrier said that its fuel costs dropped to 9.2 million from 12.8 million riyals the previous year.
Over the course of fiscal year 2016， the company added 13 new destinations and increased its overall network to more than 150 destinations on six continents.
The airline was also the global launch customer of the Airbus A350XWB， the most technologically advanced aircraft in the world， and was the first commercial airline to fly it to the United States， and plans to add 17 new destinations in the current fiscal year.
Qatar Airways Cargo also had a record-setting year， growing to the third largest cargo operator in the world as of October 2015， and continuing to expand both its fleet and product line-up. Enditem
LONDON Danilo Gallinari Womens Jersey , Sept. 26 (Xinhua) -- The base metal prices on the London Metal Exchange (LME) closed mixed on Friday.
The copper price closed higher as the speculation that demand would enhance after a report showed the economy expanded at the fastest rate since 2011 in the United States, the world's second-biggest consumer of the metal.
The U.S. gross domestic product (GDP) grew at a revised 4.6 percent annualized rate, up from a previous estimate of 4.2 percent, Commerce Department data showed Friday.
Besides, Germany's Gfk consumer climate fell more-than-expected in October DeAndre Jordan Womens Jersey , data showed on Friday.
In a report, research group Gfk said that its index of Germany's consumer climate fell to 8.3, from 8.6 in the preceding month.
The three-month unofficial copper price increased 8 U.S. dollars, or 0.12 percent, to 6 Chris Paul Womens Jersey ,711 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 7 U.S. dollars, or 0.36 percent, to 1,952 U.S. dollars a tonne.
The three-month unofficial lead price increased 1 U.S. dollars, or 0.05 percent Blake Griffin Womens Jersey , to 2,084 U.S. dollars a tonne.
The three-month unofficial zinc price increased 5.5 U.S. dollars, or 0.24 percent, to 2,276.5 U.S. dollars a tonne.
The three-month unofficial nickel price lost 125 U.S. dollars Louis Williams Jersey , or 0.72 percent, to 17,137.5 U.S. dollars a tonne.
The three-month unofficial tin price lost 312.5 U.S. dollars, or 1.50 percent, to 20 Danilo Gallinari Jersey ,525 U.S. dollars a tonne.
JERUSALEM, Oct. 8 (Xinhua) -- The Israeli cabinet approved overnight Wednesday the 2015 state budget, including mass cuts on social spending in order to fund Israel's recent war in Gaza.
After a marathon debate that began on Tuesday afternoon and lasted until overnight Wednesday, the budget was approved by an overwhelming 20 to 1 majority.
"We approved a responsible budget, which addresses the immediate needs of the Israeli economy DeAndre Jordan Jersey , but does not forget to build in long-term economic policy and a growth orientation," Israeli Minister of Finance Yair Lapid said in a statement released by his office after the vote.
The 328-billion shekels (89.2 billion U.S. dollars) budget includes an increase of six billion shekels (1.6 billion dollars) to the defense budget, representing a ten percent increase to the 57 billion shekels (15.5 billion dollars) budget.
Prime Minister Benjamin Netanyahu said at the start of the meeting that the so-called "Operation Protective Edge" in the Hamas-ruled Gaza Strip revealed that Israel is exposed to a larger number of threats by its enemy neighbors. "These threats require us to invest considerable sums in security and in the communities close to the confrontation line," he said.
After Israel and Hamas signed a truce on Aug. 26, Lapid vowed that funding the unexpected costs of the 50-day war will not incur additional taxes to the public.
However Chris Paul Jersey , spending on social services, notably in education, health and welfare, was cut by some seven billion shekels (1.9 billion dollars.)
In addition, the deficit target was increased to 3.4 percent of the gross domestic product (GDP). According to planned outline for debt reduction Blake Griffin Jersey , the deficit target should have been 2.5 percent. But the government said this move was necessary in order to finance the country's security needs.
Israel's central bank issued on Tuesday a rare sharp critique, saying the deficit target that has been set by the treasury is incorrect and "does not allow for continued reduction of the debt to GDP ratio."
The bank's calculations show the actual deficit will probably be higher than the government's expectations, and will reach about 3.6 percent of GDP.
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