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Gulf markets rebound from sell-offs over Yemen DUBAI: Most Middle East stock markets rose on Sunday after brief sell-offs at the end of last week triggered by the escalation of military conflict in Yemen.Saudi Arabia and its allies, including other Gulf nations and Egypt, have launched air strikes against the Houthi militia and have not ruled out the use of ground forces.The intervention in Yemen may be protracted; a Gulf diplomatic official told Reuters on Saturday that while the Arab alliance initially plans a month-long campaign, the operation could last five or six months.But while the start of the operation triggered profit-taking by retail investors, many analysts think the Gulf states will be able to confine the conflict to Yemen's borders, as they have with past instability in that country. The operation may cost the Saudi government billions of dollars but with over $700 billion of net foreign assets, it can afford the cost.The main Saudi index ...

Saudi Arabia, Egypt stocks rebound after sell-offs on Yemen DUBAI: Stock markets in Saudi Arabia and Egypt rose in early trade on Sunday as panic over the military conflict in Yemen, which prompted sell-offs last week, subsided.The intervention in Yemen may be protracted; a Gulf diplomatic official told Reuters on Saturday that while the Arab alliance initially plans a month-long campaign, the operation could last five or six months.But while the start of the operation triggered profit-taking by retail investors last week, many analysts ...
Qatar's bourse says plans rights issue trading DUBAI: Qatar's stock exchange plans to allow investors to trade rights to share issues, which would let them profit from capital increases even without subscribing to them, the bourse said on Sunday.Rights allow their holder to subscribe to a share issue, usually at a fixed price that may be lower than the market price. To exercise rights, investors need to commit more money - but if rights are tradable, investors can simply sell them.The bourse ...
Nigerian shares rise as local investors bet on smooth election LAGOS: Nigerian stocks climbed for the sixth straight session on Friday, as domestic investors snapped up shares betting a presidential election due on Saturday would go smoothly. Frontrunners President Goodluck Jonathan and former military ruler Muhammadu Buhari are facing off in a contest many think is too close to call. Africa's biggest economy delayed the vote by six-weeks to March 28, citing security concerns, sending financial markets into a tailspin. The naira fell through a ...
Nairobi Stock Exchange reports 16pc rise in pretax profit NAIROBI: Kenya's Nairobi Stock Exchange on Friday reported a 16 percent rise in pretax profit, helped by a surge in equity turnover.The bourse, which listed after an initial public offering last year, reported pretax profit of 441.8 million shillings ($4.8 million) in 2014, from 379.5 million shillings in 2013.Total income climbed 32 percent to 821.9 million shillings, mainly driven by a 39 percent increase in equity turnover to 431 billion shillings in 2014."Investor interest in ...
Gulf stocks regain ground after early losses over Yemen KUWAIT CITY: Stock markets in the Gulf states suffered early losses Thursday on fears over Saudi Arabia's air strikes on Shiite rebels in Yemen but regained ground at the close.The Saudi Tadawul All-Shares Index, the largest in the region, closed the day up 0.4 percent on 8,903.49 points, after diving at the start of trading when it shed 4.0 percent on Wednesday.The Dubai Financial Market also tumbled over 6.0 percent at the opening but ended ...
Gulf markets end well off lows after panic over Yemen DUBAI: Most Middle East stock markets fell on Thursday after Saudi Arabia and its allies in the region launched air strikes against Yemen's Houthi militia, but they came well off their lows late in the day as the initial panic subsided.Saudi Arabia's bourse, which is by far the region's biggest market and closes later than others in the Gulf, finished higher.Warplanes attacked the Yemeni capital Sanaa's airport and its al Dulaimi military airbase on Thursday ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln