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Oil dives close to six-year lows; European stocks rise LONDON: Oil tumbled towards six-year lows Tuesday on global oversupply and after OPEC kingpin Saudi Arabia said the era of $100 crude was over, analysts said. Brent crude for February delivery tumbled to $46.54 per barrel -- the lowest since March 2009 -- and US benchmark West Texas Intermediate (WTI) for the same month hit a similar trough at $44.20 a barrel."Today a Saudi official reiterated the belief ... that the days of $100 oil are over," said analyst Daniel Sugarman at traders ETX Capital."It is unclear whether this is truly what is felt in the corridors of power in Riyadh, or just something intended to stress the firm resolve of OPEC's leading member not to back down from its stance of no output reduction."Global oil prices have slumped by almost 60 percent since June 2013, as the market faced abundant supplies, demand fears and a strong dollar in a ...

European shares inch up, led by Metro PARIS: European stocks inched up in early trade on Tuesday, with Germany's Metro rallying after the retailer reported strong Christmas sales at some of its core units.Shares in Metro, Europe's fourth-biggest retailer, gained 4.1 percent as the group said it saw a recovery gaining pace at three of its four businesses in the important Christmas quarter.However, the relentless drop in oil prices added to worries over the outlook for corporate profits in the energy sector.Total ...
European shares inch up, led by Metro PARIS: European stocks inched up in early trade on Tuesday, with Germany's Metro rallying after the retailer reported strong Christmas sales at some of its core units.Shares in Metro, Europe's fourth-biggest retailer, gained 4.1 percent as the group said it saw a recovery gaining pace at three of its four businesses in the important Christmas quarter.However, the relentless drop in oil prices added to worries over the outlook for corporate profits in the energy sector.Total ...
Morrisons helps FTSE edge higher, energy shares slip LONDON: Britain's top equity index edged higher on Tuesday, led by Morrisons after the grocer announced the departure of its chief executive following its poor performance during the busy Christmas trading season.The blue-chip FTSE 100 index was up 0.2 percent at 6,516.69 points by 0850 GMT. However, weaker commodity stocks on the back of fresh lows for oil and copper prices limited gains. Tullow Oil, Weir Group, Royal Dutch Shell and BHP Billiton fell 0.9 ...
Oil slide hits energy shares but Alcoa cheers some LONDON: Oil prices slid on Tuesday to their lowest in almost six years, depressing energy shares but cheering those investors who focused on stocks seen as likely to benefit from cheaper fuel costs.The dollar hit its weakest in a month against the safe-haven yen. Copper, whose price is linked to global growth prospects, fell to its lowest since 2009 as risk appetite waned.Brent crude fell as low as $45.23 a barrel, down more than 4 ...
European shares buoyed by rise in retail stocks PARIS: A rise in retail shares pushed up European equities on Tuesday, while expectations of new economic stimulus measures from the European Central Bank (ECB) also propped up stock markets.The STOXX Europe 600 Retail Index rose 1.9 percent, outperforming a 0.8 percent advance in the broader, pan-European STOXX 600 index and a similar rise in the pan-European FTSEurofirst 300 index.German retailer Metro AG climbed 3 percent after it reported strong Christmas sales.British supermarket operator Morrison ...
European shares fall as oil slump hits energy stocks PARIS: European stocks fell in early trading on Tuesday, with the relentless drop in oil prices fuelling worries over the prospect for corporate profits in the energy sector. At 0803 GMT, the FTSEurofirst 300 index of top European shares was down 0.5 percent at 1,351.67 points. Total was down 1.9 percent and Royal Dutch Shell down 1.5 percent, as Brent futures tumbled to $45.43 a barrel, down 4.2 percent.Bucking the trend, shares in German retailer ...

 



 
Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln