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Abu Dhabi's Al Jaber says wins $545mn road-building contracts DUBAI: A subsidiary of Abu Dhabi's Al Jaber Group has won two road-building contracts in the emirate worth about 2 billion dirhams ($545 million) combined, the company said on Monday.Abu Dhabi General Services Co awarded the contracts to Al Jaber Transport & General Contracting for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi to Al Ghwaifat on the Saudi border and near Qatar.Family-owned Al Jaber Group's main business is construction but it also has interests in areas from retail to aviation. It sealed a drawn-out debt restructuring agreement last June which is said to have set new terms on around $4.5 billion of obligations.Copyright Reuters, 2015 ...

Indonesia's Bumi Resources posts $13.3mn profit for 9 months ended Sept JAKARTA: PT Bumi Resources Tbk, Indonesia's biggest coal miner, said on Monday it swung to a net profit of $13.3 million for the nine months ended September from a loss of $377.5 million a year earlier.The company posted revenue of $2.2 billion for the same period, down from $2.65 billion a year earlier.Copyright Reuters, 2015 ...
Turkish Halk insurance units' privatisation tender details unveiled ISTANBUL: Turkey's Official Gazette on Monday published details of block sale privatisation tenders for state-owned lender Halkbank's Halk Sigorta and Halk Hayat ve Emeklilik units, with a bids deadline of April 24.Advertisements for the Privatisation Administration (OIB) tenders said they would be for a block sale of 93.49 percent stake in insurance company Halk Sigorta and 90 percent in the life insurance and pensions unit, or 100 percent if there is sufficient demand.Copyright Reuters, 2015 ...
Japan's Sharp plunges on loss report TOKYO: Japan's Sharp plunged in Tokyo on Monday following a report that said the consumer electronics giant would fall back into the red, reversing company forecasts for an annual profit.The firm fell more than nine percent at one stage before finishing the morning session down 6.75 percent at 235.0 yen.Japan's leading Nikkei business daily said the Osaka-based firm would report a loss that could amount to hundreds of millions of US dollars for the fiscal ...
Japan Atomic Power considers split to focus on decommissioning: Nikkei TOKYO: Japan Atomic Power Company is considering splitting itself into two units, seeking to restructure its business to focus on the decommissioning of nuclear reactors on behalf of regional utilities, the Nikkei business daily reported on Saturday.The plan appears to reflect the government's intention to reorganise Japan's nuclear power businesses, which have effectively come to a halt since the 2011 Fukushima disaster, the newspaper said. Calls made seeking a response to the Nikkei report were ...
AT&T appoints Arroyo as Iusacell CEO in Mexico MEXICO CITY: AT&T said on Friday it had appointed company veteran F. Thaddeus Arroyo as the chief executive of Iusacell, Mexico's No.3 wireless carrier which it recently bought. Arroyo, who the company said has been with AT&T for 19 years, was previously president of the technology department and before that Chief Information Officer.AT&T agreed to buy Mexico's Iusacell for $1.7 billion in November as it seeks to grab a slice of a market with lower ...
Repsol scraps oil probe off Canaries tourist islands MADRID: Energy giant Repsol abandoned its controversial search for oil and gas off Spain's Canary Islands Friday, delighting locals and environmentalists but dashing Madrid's hopes that the project would ease its energy dependency.The prospecting had outraged leaders on the islands, a Spanish archipelago off the coast of north Africa, whose beaches and volcanic landscapes are a major draw for tourists from Britain, France and elsewhere.After two months of exploration two kilometres (1.2 miles) below the ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln