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Istanbul share index closes at 18-month high on low oil prices ISTANBUL: The main Istanbul share index closed up 0.9 pct at 84,243.31 points, its highest level since late May 2013, as a slump in oil prices boosted expectations of lower inflation, a narrower current account deficit and a cut in interest rates.Copyright Reuters, 2014 ...

Europe shares inch up as DAX enjoys longest winning run in 18 months PARIS: European shares inched higher on Wednesday, with Germany's blue chip DAX index advancing for the 10th straight session as investors bet on further monetary stimulus from the European Central Bank. ECB Vice President Vitor Constancio said on Wednesday the bank might decide as early as the first quarter of next year whether to begin buying sovereign bonds. Gains in stocks were capped by a renewed drop in shares of oil services companies, however, with ...
Britain's FTSE flat, mining shares advance LONDON: Britain's top share index steadied in late trading on Wednesday, erasing early gains, with weaker travel and leisure stocks offsetting a rebound in miners and strength in telecoms. The UK Travel and Leisure index fell 1.2 percent, the biggest sectoral decliner, with mid-cap Thomas Cook slumping 16.7 percent after saying its chief executive Harriet Green was stepping down just as the company warned of tougher trading conditions next year. TUI Travel, down 1.6 percent, ...
Oil slips towards $78 as market doubts OPEC cut LONDON: Brent crude oil fell towards $78 a barrel on Wednesday after Saudi Arabia's oil minister said the oil market "will stabilise itself eventually", ahead of a key OPEC meeting to discuss production in response to falling oil prices. Traders understood the comment by Saudi Arabian Oil Minister Ali al-Naimi to mean the cartel would not cut output when oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna. ...
Germany's Dax eyes 10th daily gain as ECB bets lift Europe shares LONDON: European shares rose on Wednesday, with Germany's blue chip index climbing for the 10th straight session as investors continued to bet on more monetary stimulus in the euro zone. Gains were capped by falls in energy shares, however, with Norwegian offshore driller Seadrill slumping after the company suspended its dividend.At 0852, the pan-European FTSEurofirst 300 index was up 0.3 percent a 1,392.80 points, ahead for the fourth straight day. Germany's Dax was up 0.6 ...
European stocks advance at open LONDON: Europe's main stock markets opened higher on Wednesday, with London's benchmark FTSE 100 adding 0.17 percent to 6,742.47 points.Frankfurt's DAX 30 rose 0.34 percent to 9,894.60 points and the CAC 40 in Paris gained just 0.01 percent to 4,382.88 compared with Tuesday's close.Asian equities mostly rose Wednesday after better-than-expected US economic growth data and confirmation that Germany had narrowly avoided recession.Copyright AFP (Agence France-Presse), 2014 ...
FTSE steadies near highs; mining firms slip LONDON: Britain's top share index steadied near a two-month high on Tuesday, with a fall in mining stocks on the back of weaker metals prices and disappointing earnings from some companies limiting upside potential.Kingfisher fell 5.1 percent, the top decliner in the benchmark FTSE 100 index, after Europe's No. 1 home improvement retailer posted a decline in third-quarter profit, hurt by a weak French market and currency movements.The UK mining index was the worst sectoral ...


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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