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| GCC Press Agencies |
| Day's main stories from the GCC Press Agencies |
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| Bahrain | Kuwait | Oman | Qatar | Saudi Arabia | United Arab Emirates |
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| U.S. Trade Deficit Widens at Fastest Pace in 10 Months | |
| Date : May 11, 2012 |
Washington, Jumada II 19, 1433, May 10, 2012, SPA -- The U.S. trade deficit rose in March at the fastest rate in 10 months, as an increase in consumer goods lifted imports to a record high, outpacing a solid gain in U.S. exports, the government reported Thursday.
The Commerce Department said the trade deficit widened to $51.8 billion in March, up from $45.4 billion the previous month. Imports rose 5.2 percent to a record $238.6 billion, reflecting more foreign oil, autos, mobile telephones, and clothes.
Exports increased almost 3 percent to $186.8 billion, with sales to Europe reaching a record high despite the region's debt crisis and economic stagnation. Economists have warned that U.S. export growth could slow in coming months if more European countries fall into recession.
The 14 percent rise in the U.S. trade deficit from February to March was the sharpest one-month increase since a 16 percent jump last May. For the year, the trade deficit is running at an annual rate of almost $600 billion, or 7 percent more than last year's deficit.
A rising trade deficit slows economic growth because it means the country is spending more on foreign-made products than it is earning from sales of U.S.-made goods.
In March, the U.S. trade deficit with the 27-country European Union surged to $9.8 billion from $5.9 billion the previous month. The deficit widened even though U.S. exports to those countries rose 11.5 percent to a record $25.1 billion. Imports from Europe rose 22.7 to a record of almost $35 billion.
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| Tornado Seen Near Airport in Colorado |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Washington, Sha'ban 10, 1434, Jun 19, 2013, SPA -- Denver International Airport passengers were told Tuesday |
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| 6th International Honey Festival Launched In Baha |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Baha, Sha'ban 10, 1434, Jun 19, 2013, SPA -- The Undersecretary of Governorate of Baha region, |
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| Natural-Gas Pipeline Explodes in Louisiana, Area Evacuated |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Washington, Sha'ban 10, 1434, Jun 19, 2013, SPA -- A major natural-gas pipeline exploded Tuesday in |
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| Unified Arab Index Center Opens Oman's Knowledge Portal |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Riyadh, Sha'ban 10, 1434, Jun 19, 2013, SPA --The Center of Unified Arab Index opened here |
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| Obama arrives in Berlin to angst over US spy programmes |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Berlin, Sha'ban 9, 1434, Jun 18, 2013, SPA -- US President Barack Obama arrived in Berlin |
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| Palestinian President Meets Dutch FM |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Ramallah, Sha'ban 9, 1434, Jun 18, 2013, SPA -- Palestinian President Mahmud Abbas, met here today |
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| Pakistan welcomes Taliban's office opening in Qatar |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Islamabad, Sha'ban 9, 1434, June 18, 2013, SPA -- Pakistan today welcomed the opening of a |
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