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Saudi Arabia buys 345,000 tonnes of hard wheat DUBAI: Saudi Arabia bought 345,000 tonnes of hard wheat (12.5 percent protein minimum) for delivery between February-March 2015, its Grain Silos and Flour Mills Organisation (GSFMO) said on Monday.The shipment will be sent to the kingdom's ports in Jeddah and Dammam.Copyright Reuters, 2014 ...

South Africa's Gold Fields Q3 dips on lower South Deep output JOHANNESBURG: South African bullion producer Gold Fields posted a 6 percent drop in third-quarter earnings on Thursday after its flagship South Deep mine saw an 18 percent decline in production as upgrades continued.Adjusted headline earnings per share in the three months to end-September totalled 23.1 cents per share from 24.6 cents in the previous quarter.Copyright Reuters, 2014 ...
Saudi Arabia tenders to buy 330,000 tonnes hard wheat HAMBURG: Saudi Arabia's state grains authority GSFMO said on Thursday it has issued an international tender to purchase 330,000 tonnes of hard wheat.Tender deadline is Friday, Nov. 21, Waleed el Khereiji, Director General of GSFMO said.Copyright Reuters, 2014 ...
Iraq tenders to buy a minimum 10,000 tonnes sunflower oil HAMBURG: Iraq's trade ministry has issued an international tender to purchase at least 10,000 tonnes of sunflower oil which can be sourced from any origin worldwide apart from China, European traders said on Wednesday.Tender deadline is Nov. 25 and offers must remain valid until Nov. 30, traders said.Copyright Reuters, 2014 ...
Ivorian cocoa regions thrive in good weather, await Harmattan ABIDJAN: Ivory Coast's cocoa-growing regions benefited from sunshine and patchy rains last week, farmers said on Monday as they awaited the start of the dry season and the arrival of the dry, potentially harmful Harmattan desert winds.The 2014/15 October-to-March main crop in the world's top cocoa grower opened early in October.Exporters on Monday estimated that around 61,000 tonnes of beans were delivered to Ivorian ports between Nov. 10 and 16, bringing cumulative arrivals to around ...
Battered by falling prices, Kenya's tea farmers threaten to uproot NANDI HILLS: Emerald-coloured tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters.But ideal weather and bigger harvests, instead of producing bumper earnings, have led to a glut of Kenya's speciality black tea. Samuel Busienei, a 72-year-old tea farmer, says he earns 40 percent less for each kilogramme of tea sold than he did three years ago and ...
Top price of Kenya's best grade tea steady at latest auction NAIROBI: The maximum price of the top grade Kenyan tea held steady at$3.40 at this week's auction, Africa Tea Brokers (ATB) said on Thursday. Kenya is the world's leading exporter of black tea and the crop is a major source of foreign exchange. The east African country holds its weekly sale at the port of Mombasa. Best Broken Pekoe Ones (BP1s) fetched $2.10-$3.40 compared with $2.00-$3.40 per kg at last week's sale, ATB said in ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln