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Most markets rise, Qatar slips on profit-taking DUBAI: Stock markets in the United Arab Emirates, Kuwait and Oman rose in early trade on Sunday, following a positive global lead, while profit-taking continued in Qatar.Dubai's index gained 1.0 percent as most stocks rose. Emaar Properties, up 1.8 percent, was the main support.Abu Dhabi's index edged up 0.4 percent on the back of Aldar Properties' 2.2 percent gain.Bourses in Kuwait and Oman added 0.2 and 0.3 percent respectively.Brent crude rose above $80 per barrel and markets in Asia, Europe and the United States posted gains on Friday after China made a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases.Qatar's bourse, however, slipped 0.1 percent as investors continued to book profits after strong gains made last week. Shares in Qatar International Islamic Bank fell 1.9 percent and Qatar National Bank edged down 0.3 percent.Copyright Reuters, 2014

SABIC heads Saudi rally as oil price rise supports DUBAI: Saudi Arabia's bourse rose in early trade on Sunday as most stocks gained after oil prices edged up and global equities rallied on Friday.The main Saudi index added 1.0 percent as shares in petrochemicals giant Saudi Basic Industries (SABIC) rose 1.4 percent.Brent crude climbed back above $80 per barrel and global stock markets also edged up on Friday after China made a surprise interest rate cut and the European Central Bank indicated it would ...

European shares rise as ECB seen opening door to more stimulus LONDON: European shares rose on Friday as dovish comments by European Central Bank chief Mario Draghi reignited speculation the ECB will inject more monetary stimulus into the euro zone economy. Speaking at a congress in Frankfurt, Draghi highlighted weak economic activity indicators from the bloc earlier this week and said the ECB would broaden the size, pace and composition of its asset purchase programme if needed. "Draghi recognised that acting in a speedy fashion is ...

Nikkei sags, heads for first weekly drop in five TOKYO: Japanese stocks skidded on Friday as selling ahead of a long weekend and signs of short-term overheating offset a boost from a solid Wall Street performance rooted in U.S economic strength.The Nikkei average shed 0.7 percent to 17,172.82 by 0120 GMT, leaving the benchmark on course to snap a run of four weeks of gains.Before a holiday on Monday, "Investors are locking in gains in major shares," said Masayuki Otani, chief market analyst of ...

Australia shares hit 4-week lows, growth woes offset US optimism SYDNEY/WELLINGTON: Australian shares edged down to a four-week low on Friday as underlying worries about a slump in iron ore prices and the demand outlook eclipsed encouraging US economic data. Data showing American factory activity in the mid-Atlantic region grew at its fastest in two decades and home resales jumped to their highest did little to take the edge off global growth worries. "Whilst the US is ticking along, it's not enough, particularly for a ...

Taiwan stocks flat; Hon Hai, Innolux up on new project TAIPEI: Taiwan stocks were flat on Friday, but shares of iPhone 6 assembler Hon Hai Precision traded higher after the company announced a multi-billion dollar flat panel project.At 0215 GMT, the main TAIEX index was off 0.01 percent at 9,077.84, retreating from a 1.3 percent gain in the previous session.Hon Hai, which assembles iPhone 6 for Apple Inc, inched up 0.3 percent. Innolux, the world's third-largest panel maker, added 0.7 percent.The two said on Thursday ...

Asian stocks mostly higher after painful week HONG KONG: Asian markets mostly rose on bargain-buying Friday, at the end of a disappointing week that saw Japan plunge into recession and a trumpeted Hong Kong Shanghai exchange link-up fall flat.The yen made some inroads against the dollar and euro after hitting multi-year lows, but with eyes on the general election expected next month in Japan, analysts expect it to resume its downtrend.Tokyo reversed early losses to end 0.33 percent higher, adding 56.65 points ...


ArrowDJIA 17,810.06 0.51
ArrowNasdaq 4,712.97 0.24
ArrowS&P 2,063.50 0.52
ArrowFTSE 6,750.76 1.08
ArrowDAX 9,732.55 2.62
ArrowCAC-40 4,347.23 2.67
ArrowNikkei 17,357.51 0.33
ArrowH.Seng 23,437.12 0.37
ArrowSensex 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