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Turkish markets hit by violence in neighbouring Iraq ISTANBUL: Turkish markets slipped on Monday on anxiety over the advance by Sunni insurgents in neighbouring Iraq as Ankara worked to secure the release of 80 Turkish citizens abducted by the militants. Turkish central bank policy was also in focus, with analysts eyeing a speech by central bank Governor Erdem Basci for clues on the path of monetary policy.Ankara is now facing a second war on its borders on top of the three-year civil war in Syria. Bolstered by its gains in that conflict, the Islamic State of Iraq and the Levant (ISIL) seized a mainly ethnic Turkmen city in northwestern Iraq to solidify its advance in the north of the country. Meanwhile eighty Turkish citizens including the diplomatic staff in Turkey's Mosul consulate, three children and truck drivers were still held as hostages by ISIL. Analysts believe any ISIL intrusion would be quickly spotted by Turkish forces along the ...

Russian shares sharply down on breakdown in Ukraine gas talks MOSCOW: Russian shares fell sharply on Monday morning after talks between Moscow and Kiev over the price of Russian gas imports broke down, threatening to escalate the worst East-West crisis since the Cold War.At 0655 GMT, the dollar-denominated RTS index was down 2.6 percent to 1338 points, while the rouble-based MICEX slid 2 percent to 1,470 points. "The new week is starting against a backdrop of an escalation in tensions in Ukraine and the risk ...
Shares in Carige rise as cash call starts, rights fail to trade MILAN: Shares in Italian bank Banca Carige rose strongly on Monday on the first day of a highly dilutive 800 million euro share sale and were suspended from trading, while the rights to buy into the cash call failed to start trading. Shares in bigger rival Banca Monte dei Paschi, whose 5 billion euros stock sale enters its second week on Monday, rose 3 percent after a brief suspension from trading. Shares in Carige and ...
European stock slip at open; London FTSE dips 0.11pc LONDON: Europe's main stock markets weakened at the open on Monday, with London's benchmark FTSE 100 index losing 0.11 percent to 6,770.20 points.Frankfurt's DAX 30 fell 0.27 percent to 9,885.97 points and in Paris the CAC 40 shed 0.39 percent to 4,525.68 compared with Friday's closing level.All three markets closed in the red on Friday, with airlines hit hard by higher oil prices caused by spreading unrest in Iraq.Copyright AFP (Agence France-Presse), 2014 ...
US stocks finish higher despite Iraq fears NEW YORK: US stocks on Friday finished higher as investors weighed the implications of escalating sectarian violence in Iraq that has lifted oil prices to nine-month highs.The Dow Jones Industrial Average advanced 41.55 points (0.25 percent) to 16,775.74.The broad-based S&P 500 gained 6.05 (0.31 percent) at 1,936.16, while the tech-rich Nasdaq Composite Index rose 13.02 (0.30 percent) to 4,310.65.Iraq remained at the center of attention as Shiite Grand Ayatollah Ali al-Sistani urged the people to ...
European stocks slide on spreading Iraq unrest LONDON: European stock markets closed in the red on Friday, with airlines hit hard by higher oil prices caused by spreading unrest in Iraq.London's FTSE 100 index of top companies sank 0.95 percent to close at 6,777.85 points, weighed down also after Bank of England governor Mark Carney hinted at a rate hike sooner than expected.Frankfurt's DAX 30 ended the week down 0.26 percent to 9,912.87 points, and the CAC 40 in Paris slipped 0.24 ...
Italy stock market watchdog to monitor Carige's shares during rights issue MILAN: Italian stock market watchdog Consob said on Friday it would monitor fluctuations in the share price of mid-sized bank Carige during its upcoming share sale, which was priced at a big discount.Carige's rights issue is highly dilutive, and traders have said they could not rule out a repeat of the market disruption that has been affecting shares in Banca Monte dei Paschi di Siena at the start of its own cash call this week. ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln