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UAE markets rebound; Saudi, Egypt pull back DUBAI: Stock markets in the United Arab Emirates rebounded on Thursday after a pull-back related to the upcoming initial public offer of Emaar Properties' malls unit, while bourses in Egypt and Saudi Arabia slid on profit-taking.The Dubai index closed 1.0 percent higher after falling as much as 2.1 percent at one stage. The benchmark dropped 3.4 percent in the previous session as local retail investors sold off stocks in order to raise cash for the IPO.In one of the largest equity sales in the Middle East since 2008, Emaar, Dubai's largest listed developer, plans to float its unit Emaar Malls Group this month and subscriptions for the shares will open on Sept. 14.Emaar, which plans to sell a 15 percent stake in its subsidiary, has indicated it wants to raise at least 5.3 billion dirhams ($1.4 billion) from the offer. It has also said it aims to sell about 30 ...

Sterling rebounds on Scotland poll results, stocks slip NEW YORK: Sterling rose from 10-month lows on Thursday after a poll reduced some fears of Scotland leaving the United Kingdom, which briefly provided support for global equity prices before their gains faded.A poll conducted by Survation on behalf of the Daily Record newspaper showed 53 percent of Scots intend to vote against independence while 47 percent intends to vote for. That contrasted with polls earlier this week showing more Scottish voters were leaning towards ...

TSX little changed as drop in energy shares weighs TORONTO: Canada's main stock index was little changed on Thursday as sluggish oil prices weighed on shares of energy producers, offsetting a gain in the financial sector.The energy sector has been under pressure in the last three months, as the price of oil has been slipping. Brent crude hit a two-year low on increasing concerns over rising supply and sluggish demand.Investors also digested data indicating the number of Americans filing new claims for unemployment benefits ...

European stocks drop as Scotland vote talk dominates LONDON: Europe's main stock markets fell on Thursday and the euro and British pound rebounded against the dollar, with the focus on the upcoming referendum on Scottish independence.In London midday deals, the FTSE 100 index of top companies dropped 0.38 percent to 6,804.25 points.Frankfurt's DAX 30 lost 0.13 percent to 9,687.53 points and in Paris the CAC 40 declined 0.30 percent to stand at 4,437.25 compared with Wednesday's close.The ruble fell to a record low ...

Assets steady from big fall; sanction threat weighs on Russia LONDON: Emerging stocks eased slightly to touch new three-week lows on Thursday and most currencies steadied from large losses earlier in the week but the prospect of new EU sanctions kept Russian markets under pressure.The dollar traded just off 14-month highs against a basket of major currencies and U.S. 10-year yields stood just off one-month peaks, following robust gains fuelled by a San Francisco Fed research paper that showed markets could be underestimating the magnitude ...

Russian share indexes shed gains as Gazprom results disappoint MOSCOW: Russian shares shed opening gains on Thursday as European Union countries continued to discuss a new sanctions package, and after gas giant Gazprom posted disappointing financial results.At 0900 GMT, the dollar-denominated RTS index was down 0.06 percent at 1,238 points, while its rouble-based peer MICEX was 0.15 percent higher at 1,471 points.The indexes had risen 0.5-0.6 percent on opening, tracking more bullish global markets, but then drifted back towards their opening levels.The EU has ...

Indonesia, Philippines stocks indexes end down after expected rate decisions  BANGKOK: Most Southeast Asian stock markets ended flat to weaker on Thursday after a bout of late selling, with Indonesian shares erasing early gains after the central bank maintained key interest rates. Philippine stocks closed 0.2 percent lower after expected rate hikes.Jakarta's composite index closed down 0.2 percent, with interest rate sensitive stocks such as Bank Rakyat Indonesia down 0.2 percent after a 1.2 percent rise in early trade.Indonesia's central bank held its key interest ...


Index Closing Chg%
Arrow DJIA 17,031.14 0.26
Arrow Nasdaq 4,518.90 1.07
Arrow S&P 1,984.13 0.07
Arrow FTSE 6,804.21 0.04
Arrow DAX 9,659.63 0.09
Arrow CAC-40 4,428.63 0.29
Arrow Nikkei 15,948.29 0.25
Arrow H.Seng 24,356.99 0.97
Arrow Sensex 26,816.56 0.90

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln