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Middle East & Africa


Qatar edges up on Q3 results, UAE bourses mixed DUBAI: Qatar's stock index edged up in early trade on Tuesday after several local companies reported solid third-quarter earnings, while markets in the United Arab Emirates were mixed. The Doha benchmark added 0.6 percent and Islamic lender Masraf Al Rayan, up 1.4 percent, was the main support. The bank reported a 22.6 percent rise in net profit for the third quarter on Monday, broadly in line with forecasts.Oil rig provider Gulf International Services added 1.6 percent after its third-quarter profit nearly doubled and came in slightly ahead of analysts' estimates. Qatar Islamic Bank rose 0.9 percent, having reported a 17 percent rise in third-quarter net profit on Monday that was roughly in line with estimates. Abu Dhabi's index climbed 0.5 percent. Shares in investment firm Waha Capital jumped 2.6 percent after it secured regulatory approval to buy back up to 10 percent of its outstanding shares. Dubai's benchmark edged down ...

Markets may keep following global lead, investors cautious DUBAI: Bourses in the Middle East look likely to continue following the lead of European equities on Tuesday after mixed signals from other global markets. Markets across the region tumbled last week as Western equities came under pressure from concerns about global growth, and have since moved largely in line with key world indexes.Wall Street marked solid gains overnight with the S&P 500 index rising 0.9 percent, but Asian stocks have stuttered on Tuesday morning ...
UAE, Qatar continue cautious recovery DUBAI: Stock markets in the United Arab Emirates and Qatar edged up in early trade on Monday, continuing their recovery from last week's sharp decline, while other bourses in the region moved very little.Dubai's index rose 1.7 percent as heavyweight Emaar Properties added 1.8 percent and dominated trading volume.Most stocks in the emirate posted gains, but analysts remained cautious. "The rebound we're experiencing is still linked to international markets' performance, which puts it in jeopardy ...
Markets may consolidate after big rebound; investors still cautious DUBAI: Middle East stock markets may consolidate on Monday after most bourses rebounded on Sunday, catching up with global equities, but then edged down from their intra-day highs.Sunday's rebound established at least a short-term bottom for most regional markets after heavy losses last week, and showed that some retail investors are still willing to buy stocks.But the past week also underlined that investors in the region are for the moment taking their cues from Western ...
Dubai stock jumps after global markets rebound; Arabtec surges DUBAI: Dubai stock index jumped in opening minutes on Sunday after global markets rebounded on Friday and shares in builder Arabtec Holding surged as it moved closer towards starting work on a huge project in Egypt.The benchmark rose 4.1 percent while Arabtec was up 9.2 percent. Heavyweight Emaar Properties added 3.5 percent.Arabtec said on Sunday it expected soon to conclude the final agreement with Egyptian authorities to begin work on a $40 billion project to ...
Saudi stock index tumbles 5pc, drags down Gulf DUBAI: Saudi Arabia's main stock index plunged 5 percent on Thursday amid panic selling by retail investors, dragging down other stock markets in the Gulf.The Saudi index sank to 9,407 points, its lowest level since mid-April. In response, Dubai's index tumbled 4.7 percent and Qatar lost 2.3 percent.The Saudi market has now erased all of the 14 percent gains which it posted after authorities announced in late July that they would open the market to ...
Global markets, oil, poor earnings may weigh on stocks DUBAI: Markets in the Middle East may remain under pressure on Thursday after global equities continued to slide along with the price of oil and two large banks in the region reported declines in third-quarter profit, missing analysts' estimates. The US S&P 500 index fell 0.8 percent on Wednesday, while European equities shed 3.2 percent to mark their biggest one-day slide in almost four years on deepening concerns about global economic growth. Asian shares are ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln