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Middle East & Africa


Uganda coffee exports up 29pc yr/yr in July: UCDA KAMPALA: Uganda's coffee exports in July jumped 29 percent year-on-year to 395,224 60-kg bags, helped by dry weather that improved the bean drying process and eased transportation from rural areas to market, a state agency said on Monday.The Uganda Coffee Development Authority said the July exports earned $45.1 million, up from $40.5 million in July 2012."The main factors for bigger volumes that we exported are the dry conditions that facilitated smooth transportation from deep in rural areas," said a source at UCDA."We also had a good fly crop (off-season crop) in eastern Uganda and since it was a dry season, the drying process was also quicker". Copyright Reuters, 2013 ...

Egypt tumbles 3.9pc after bloodshed DUBAI: Egypt's bourse suffered its largest one-day drop in four months on Sunday after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood.Cairo's main index tumbled 3.9 percent to 5,335 points. It had dropped 1.7 percent on Wednesday, when security forces started taking action to disperse protesters, and was shut on Thursday because of the violence.The market traded for three hours on Sunday instead of the ...
Syria receives only one offer in tender for white sugar ABU DHABI: Syria has received only one offer in its tender seeking 276,000 tonnes of white sugar, a source at the Syrian state agency looking to close the deal said on Sunday."No results have been announced yet but we are looking to close a deal, we have received only one bid," the official at the General Foreign Trade Organisation told Reuters.The tender, which closed on Aug. 13, was seeking sugar packed in bags for shipment ...
South Africa's net reserves rise to $45.176bn in July JOHANNESBURG: South Africa's net gold and foreign exchange reserves rose in July to $45.176 billion from $44.604 billion in June, data from the Reserve Bank showed on Wednesday.Gross reserves were higher at $47.319 billion from $46.979 billion in June while the forward position, which represents the bank's unsettled spot or swap transactions, was up at $4.245 billion from $4.157 billion in June. Copyright Reuters, 2013 ...
Kenya says tea export volumes unaffected by Egypt unrest MOMBASA: Kenya's tea market regulator said political instability in Egypt, one of the biggest buyers of Kenyan tea, has not affected sale volumes due to interest from other markets and better-than-expected weather.Egypt, which typically accounts for about 20 percent of Kenya's total tea exports, has been convulsed by months of political protests and violence..Tea is a major source of revenue for Kenya, the world's leading exporter, bringing in 112 billion Kenyan shillings ($1.3 billion) last ...
Iraq oil exports fall on weather, sabotage BAGHDAD: Iraqi oil exports fell in June for the second month in a row as poor weather hit southern ports and saboteurs damaged a key pipeline, the oil ministry said Monday.Iraq exported 69.8 million barrels of oil in June at an average rate of 2.32 million barrels per day (bpd), down from 76.9 million barrels and 2.48 million bpd in May.Average oil prices were $97.4 per barrel, meaning the country took in $6.799 billion from ...
Algeria seeks barley for October shipment: traders PARIS: Algeria's state grains agency OAIC has launched a tender to buy 50,000 tonnes of optional-origin barley for shipment in October, European traders said on Wednesday.The deadline for bids is on Thursday, July 18, they said.In its previous barley tender, Algeria bought 150,000 tonnes for shipment in August and September.Copyright Reuters, 2013 ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

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