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European equities rebound LONDON: Europe's main stock markets rebounded Wednesday from the previous day's losses, but spiking geopolitical tensions continued to dominate investor sentiment.The region's equities had fallen Tuesday with airlines and hotel groups hit by a US travel warning and the downing of a Russian jet by Turkey.Asian markets retreated Wednesday, also mirroring a sell-off in tourism-linked firms in the United States overnight.The incident also sent oil prices up on concern about supplies in the crude-rich Middle East region."European equities are positive this morning, having fully rebounded from their geopolitical tension-fuelled lows of yesterday after Turkey shot down a Russian military jet on the Turko-Syrian border, heightening worries about the region even further," said Accendo Markets analyst Mike van Dulken.At about 1130 GMT, London's benchmark FTSE 100 index added 0.9 pecent, boosted ahead of a British government budget update.In the eurozone, Frankfurt's DAX 30 won 1.4 percent, the Paris CAC 40 index ...

CIB helps Egypt rebound; Saudi market flat DUBAI: A bounce in shares of Commercial International Bank (CIB) helped Egypt's stock market rebound from near technical support early on Wednesday, while Saudi Arabia's market was flat.CIB, a traditional favourite of foreign investors, is down 22 percent from its level three weeks ago, hit by concern that Egypt might soon devalue its currency. Tourism revenues there are sagging in the wake of last month's apparent bombing of a Russian pasenger jet over the Sinai.However, ...

European shares led higher by dividend hikers Metro and LafargeHolcim LONDON: European shares rose on Wednesday, buoyed after German retailer Metro and construction firm LafargeHolcim both announced new dividends.The pan-European FTSEurofirst 300 was 0.9 percent higher at 1,495.17, having fallen 1.6 percent over the first two sessions of the week.German retailer Metro gained 5.2 percent after it raised its annual dividend more than expected and said it would pay out more of its profits every year from now on, citing the positive effects of restructuring ...

Stocks up, oil slides as concerns ease over Russia-Turkey tension LONDON: European stocks moved higher and oil prices reversed course and fell 1 percent on Wednesday as investors' concerns eased over the potential fallout of Turkey's shooting down of a Russian fighter jet.A Reuters report that euro zone central bank officials are considering whether to stagger charges on banks hoarding cash or to buy more debt ahead of the next European Central Bank meeting pushed the euro lower.At 0930 GMT the FTSEuroFirst 300 index of ...

Britain's FTSE advances, housebuilders rally ahead of spending review LONDON: British shares advanced on Wednesday as investors warmed to housebuilders ahead of finance minister George Osborne's planned increase in spending on the housing sector.Finance minister George Osborne is set to announce an increase in spending on housing to support the construction of around 400,000 new homes as part of the autumn spending review, due to be presented at 1230 GMT.Taylor Wimpey, Persimmon, Barratt Developments and Berkeley Group were all trading up between 3.5 percent ...

Philippines stock closes at more than two-week high BANGKOK: Most Southeast Asian stock markets rose on Wednesday, with shares in the Philippines closing at over two-week highs a day ahead of third-quarter economic data but the Singapore index reversed early gains after the city-state softened growth outlook.The Philippine key index climbed 0.95 percent to a more than two-week closing high of 7,059.14, with shares of Aboitiz Equity Ventures and Energy Development Corp leading top gainers amid foreign-led buying, stock exchange data showed.Philippine economic ...

Dollar weighs on EM assets; Turkish shares hit 6week low LONDON: Turkish shares hit six-week lows on Wednesday and the lira extended losses on fears that rising tensions with Russia could hurt the already shaky economy.Other emerging assets were pressured by the dollar's rise.Ankara and Moscow have traded words over the downing of a Russian warplane that allegedly violated Turkish airspace and fears are growing that the events will sour multi-billion dollar trade and tourism ties between the countries.MSCI's emerging equity index was flat though ...


ArrowDJIA 17,812.19 0.11
ArrowNasdaq 5,102.81 0.01
ArrowS&P 2,089.14 0.12
ArrowFTSE 6,277.23 0.45
ArrowDAX 10,933.99 1.43
ArrowCAC-40 4,820.28 1.41
ArrowNikkei 19,879.81 0.23
ArrowH.Seng 22,587.63 0.35
ArrowSensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
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Imports $3.926 bln
WeeklyNovember 23, 2015
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