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Russian diamond miner Alrosa sees rough gem prices MOSCOW: Russian diamond mining company Alrosa said on Tuesday global prices for rough gems may rise by two to three percent in 2014, while it plans to keep 2014 production flat. The firm, which competes with Anglo American-owned De Beers for the position of the world's largest diamond miner, produced about 36 million carats in 2013, up from 34.4 million carats in 2012. Alrosa plans to spend 39 billion roubles ($1.2 billion) on capital expenditure in 2014, flat year-on-year, it added in a statement. The Russian government raised $1.3 billion in the company's share sale in October. Alrosa shares were at 33.2 roubles in Moscow on Tuesday, down from its October offer price of 35 roubles. Copyright Reuters, 2013


Gold dives as investors await Fed coming policy LONDON: Gold fell one percent on Tuesday as investors awaited the outcome of the latest Federal Reserve policy meeting, amid expectations that the US central bank may be set to trim its bullion-friendly economic stimulus. The Fed begins a two-day policy meeting on Tuesday. Most economists polled by Reuters this week expect it to taper its huge stimulus in March, although the odds on a move this month or next have shortened after a run ...

Gold drops as investors await outcome of Fed meeting LONDON: Gold fell 1 percent on Tuesday as investors awaited the outcome of the latest Federal Reserve policy meeting, amid expectations that the U.S. central bank may be set to trim its bullion-friendly economic stimulus.The Fed begins a two-day policy meeting on Tuesday. Most economists polled by Reuters this week expect it to taper its huge stimulus in March, although the odds on a move this month or next have shortened after a run of ...

Uganda coffee exports jump 13pc in November KAMPALA: Uganda's coffee exports rose 13 percent in November from the same period in 2012, helped by increased yields in some growing areas, a source at industry regulator Uganda Coffee Development Authority (UCDA) said on Tuesday. Uganda is one of Africa's biggest coffee exporters and the crop is one of the government's main sources of foreign currency. "We are seeing a good crop but also farmers needed money for Christmas so they were forced to ...

Palm up on weak ringgit; heavy rains seen disrupting KUALA LUMPUR: Malaysian palm oil futures edged higher on Tuesday as weakness in the ringgit stoked demand from overseas buyers, while heavy rains re-ignited worries of floods in palm-growing areas that could curb supply of the tropical oil.The Malaysian ringgit was trading at 3.2390 against the US dollar early Tuesday, having weakened about 5.5 percent so far in 2013.Market players expect the ringgit to extend losses towards the year-end and lend support to palm as ...

London copper eases from near 2-month top on tapering prospects SINGAPORE: London copper edged back on Tuesday as traders reduced exposure to risk ahead of a US Federal Reserve meeting later this week, to bring prices back from nearly two months hit a day earlier. A pick up in global factory activity and a near-term shortage of refined metal has helped copper recover 5 percent from a three-month low of $6,910 a tonne struck last month. "The fundamentals behind copper itself seem to be looking ...

Gold firms for 3rd day ahead of Fed tapering decision SINGAPORE: Gold inched up for a third session on Tuesday supported by a short-covering rally, even as investors remained on edge ahead of a policy decision from the Federal Reserve on its bullion-friendly stimulus measures.Gold has lost over a quarter of its value this year after a 12-year bull market on fears that the Fed will scale back its $85 billion monthly bond purchases on the back of a strong economy.Most economists believe the Fed ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln