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China grants 20 more Internet brokerage licences SHANGHAI: China has granted online brokerage licences to 20 firms in a fresh round of approvals, showing the growing interest in the sector as Internet finance takes off in the country and greater retail interest boosts brokers' earnings.Among the brokerages that received the new licences were Soochow Securities Co Ltd, Shanxi Securities Co Ltd and China International Capital Corp, according to a list published on the Securities Association of China's website.The government made its first approvals in August, granting five licences to brokers including CITIC Securities, Guotai Junan Securities and Pingan Securities, media reports said.Last year, profits more than doubled at brokerages as a jump in the number of retail investors caused trading volume to soar.A surprise central bank rate cut in November and the launch of the Stock Connect scheme the same month, allowing direct trading of Hong Kong and Shanghai stocks on each other's bourses, also helped boost ...

Dubai's Damac Properties proposes 10pc bonus share issue DUBAI: Dubai's Damac Properties has proposed a 10 percent bonus share issue equivalent to 500 million dirhams ($136.1 million), the developer said in a bourse statement on Monday.Earlier this month, Damac reported a fourth-quarter net profit of $249.8 million, up 11 percent from the year-ago period.DAMAC's 2014 full-year profit was $937 million, up from $641.5 million in 2013, the company said in a filing to London's bourse.Copyright Reuters, 2015 ...
Shares in Realia surge after FCC cancels sale plans MADRID: Shares in property firm Realia surged as much as 19 percent on Friday after core shareholder, Spanish builder FCC, said late on Thursday it would not sell its 37 percent stake in the firm.Realia is majority owned by FCC and bailed-out lender Bankia. It has been on the market for a year and is one of the few Spanish property groups to have survived the country's 2008 real estate crash.Copyright Reuters, 2015 ...
Saudi Dar Al Arkan Q4 profit up 9 pct, misses view DUBAI: Saudi Arabia real estate firm Dar Al Arkan posted an 8.9 percent increase in fourth-quarter net profit on Monday, missing analyst forecasts despite higher margins on property sales and lower costs.The company made a profit of 156.8 million riyals ($41.81 million) in the three months to Dec. 31, up from 144 million riyals in the prior-year period, according to a bourse filing.Analysts polled by Reuters on average forecast Dar Al Arkan would make a ...
China aims for target of six million public homes in 2014 BEIJING: China aims to start building at least 6 million units of public housing next year, state media said on Saturday, reinforcing a government effort to supply more low-cost homes to counter record property prices.But next year's target is lower than the 2013 objective, even though China built more public homes this year than it had planned, Xinhua said, citing the Ministry of Housing and Urban-Rural Development.The country began building 6.7 million units of public ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln