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Middle East & Africa


South African stocks rose, Advetch hit all time high JOHANNESBURG: Stocks in South Africa gained for the fourth straight session on Thursday as Advtech hit an all-time high after the firm received a buyout proposal.Shares in Advtech Ltd, South Africa's second-biggest private education firm, jumped nearly 16 percent to 12.75 rand by 1033 GMT, but pulled back to close at 4.54 percent to 11.52 rand.The firm said on Thursday it had received a buyout proposal from a third party that its board was obliged to consider."There is a huge demand for quality education in South Africa...Any indication of an acquisition will excite the market and maybe create a Curro-type company," said Nolan Macnamara, derivatives trader at Nedbank Private Wealth Stockbrokers, referring to the biggest private school firm in Africa.The market leader in private schools, Curro Holdings was also up 1.16 percent to 33.89 rand.The share price of diversified miner Exxaro recovered from early trade lows and inched up 0.02 ...

South African stocks rise as Mediclinic buys British hospital group JOHANNESBURG: South African stocks rose on Monday, led by Mediclinic International and investment group Brait SE, although gold mining shares fell.Mediclinic, South Africa's largest private hospital group, said it would buy nearly a third of British group Spire Healthcare for 8.6 billion rand (about $700 million). The shares dipped 3 percent in early trading but pared losses to close 3.16 percent stronger on 102.80 rand, the biggest gain on the JSE's Top 40 Index.Brait also ...
Saudi slides below chart support on oil; UAE and Qatar firm DUBAI: Saudi Arabia's main stock index fell below technical support on Sunday because of weak oil prices and disappointment that inflows of foreign funds had been slow. Markets in the United Arab Emirates and Qatar rose.The Saudi index fell 1.7 percent to 9,344 points in thin trade, dropping below its 200-day average, now at 9,433.Two straight daily closes below that support would be technically negative, implying a fresh wave of profit-taking after the index rose ...
South African stocks snap three-day losing streak, BAT in demand JOHANNESBURG: South African stocks rose on Wednesday, with the main indexes break a three-day losing streak, and British American Tobacco (BAT) was among the top gainers after a broker upgrade.BAT, the world's No. 2 cigarette maker, jumped 3.7 percent to 6,383.50 rand, making the biggest advance on the blue-chip Top-40 index, after Goldman Sachs upgraded its rating to 'neutral' from 'sell'.Overall, traders refrained from making large bets ahead of the U.S. Federal Reserve statement that ...
Gulf markets to consolidate before Ramadan DUBAI: Middle East stock markets look set to consolidate with a negative bias on Wednesday as investors in the region prepare for the Muslim holy month of Ramadan, which begins on Thursday and usually brings a period of very low trading activity. Trading volumes in most markets have already been declining in the last few days and some bourses, such as Egypt's stock exchange, are reducing trading hours during Ramadan. The Cairo market will close ...
Gulf markets slip in line with oil; Egypt up after China deal DUBAI: Most stock markets in the Gulf fell on Tuesday after a rebound in the Brent oil price proved short-lived and foreign fund inflows into Saudi Arabia remained tiny following the market's opening to international institutions this week. The main Saudi index slipped 0.2 percent as heavyweights Saudi Basic Industries and National Commercial Bank lost 0.4 and 0.8 percent respectively. Most other components of the provisional MSCI Saudi Arabia index also fell, having rallied in ...
Oil's turnaround may support Gulf markets DUBAI: Stronger oil prices may buoy Gulf stock markets on Tuesday, but retail investors' disappointment with the slow pace of foreign fund inflows in Saudi Arabia and the approach of the Muslim holy month of Ramadan could cap any gains.Brent crude has edged up 0.5 percent and US light has risen 1.0 percent in Asian trade on Tuesday, boosted by warnings that a tropical storm was about to hit the coast of oil producing state ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,630.47 0.33
Arrow DAX 11,099.35 0.73
Arrow CAC-40 4,835.56 0.98
Arrow Nikkei 20,522.50 0.95
Arrow H.Seng 26,282.32 0.12
Arrow Sensex 27,945.80 0.27

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln