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Middle East & Africa


Qatar's economy minister appointed chairman of stock exchange DOHA: Qatar's economy minister Sheikh Ahmed bin Jassim al-Thani has been appointed chairman of the Gulf state's stock exchange, the bourse said on Sunday, in a move apparently intended to raise the exchange's international profile.The exchange's previous acting chairman was Hussein Ali al-Abdullah, an executive director of the Qatar Investment Authority (QIA), the country's sovereign wealth fund.The statement by the exchange also named eight board members for the exchange including businessman Ali Bin Ahmed Al Kuwari, who will serve as a representative for listed companies. Other members of the eight will represent the QIA and other interests."Having the minister of economy as the chairman gives the exchange a higher profile and boosts its reputation, and it will be more attractive to investors," said an industry source."The board has more diversity now - it has members from different sectors which is always good for better decision- making," added the source, declining ...

Smooth Saudi succession, ECB easing may support Gulf DUBAI: Stock markets in the United Arab Emirates and Qatar may rise on Sunday after a smooth transition of power in Saudi Arabia and the launch of the European Central Bank's bond-buying programme.After the death of King Abdullah at the weekend, Saudi Arabia's new King Salman pledged continuity in energy and foreign policies and moved quickly to appoint younger men as his heirs. He appeared to settle the succession issue for years to come by ...
Abu Dhabi, Qatar rise; property stocks weigh on Dubai DUBAI: Stock markets in the United Arab Emirates and Qatar were mixed in low-volume trade on Sunday as most countries in the Middle East closed their bourses following the death of Saudi Arabia's King Abdullah.His successor King Salman pledged continuity in energy and foreign policies and moved quickly to appoint younger men as his heirs. He appeared to settle the succession issue for years to come by naming a deputy crown prince from his dynasty's ...
South African stocks break 4-day winning run, Amplats under pressure JOHANNESBURG: South African stocks ended slightly lower on Friday, snapping a four-day winning streak, dragged down partly by Anglo American Platinum (Amplats) which issued a profit warning.Amplats flagged as much as 55 percent drop in annual profit as it counts the costs of last year's five-month strike and lower platinum prices. Shares in the world's biggest miner of the white metal slid 3.9 percent to 367.79 rand. "I am interested to see in the results ...
South African stocks extend gains to 4th day, led by miners JOHANNESBURG: South African stocks ended higher on Thursday, extending their winning run to a fourth straight day with miners among the biggest gainers after the European Central Bank announced measures to stimulate the euro zone economy.Investors were betting that mining houses could benefit if the ECB's stimulus results in improved economic growth, said Abri du Plessis of Gryphon Asset Management in Cape Town."If they can kick-start the global economy there will be an increase in ...
Mobily weighs on Saudi; Egypt extends gains DUBAI: Saudi Arabian telecommunications firm Etihad Etisalat (Mobily) fell sharply in early trade on Thursday after reporting a fourth-quarter loss, while Egypt's market extended gains after surpassing a major technical milestone.Shares in Mobily, the kingdom's second-biggest mobile operator, tumbled their daily 10 percent limit and Saudi Arabia's main index was nearly flat.Mobily made a net loss of 2.28 billion riyals ($607 million), while analysts had forecast a profit of 1.33 billion riyals.Mobily's smaller competitor Zain ...
Egypt may extend gains; more earnings misses in Gulf DUBAI: Egypt's bourse may rise further on Thursday after closing above a major technical resistance level, while Gulf stock markets could extend their losses as the news flow from companies has remained mostly negative.Egypt's stock index hit a 6-1/2-year closing high of 9,856 points on Wednesday, rising above a major chart barrier at 9,831 points, September's multi-year peak.A second straight close above that level would indicate the index could this year challenge the record high ...


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

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