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Middle East & Africa


Saudi slips as Yemen urges ground intervention; Egypt up DUBAI: Saudi Arabia's stock market edged down in early trade on Thursday after Yemen's government called for military intervention on the ground, a move that could further escalate the conflict in which Riyadh plays a leading role.Yemen urged the international community "to quickly intervene by land forces to save" the country, specifically in the cities of Aden and Taiz, according to a letter sent to the United Nations Security Council on Wednesday. Saudi Arabia's index fell 0.6 percent as most stocks declined, including blue chips Saudi Telecom and Saudi Basic Industries, down 1.6 and 0.8 percent respectively. Riyadh leads the coalition of Arab states that has since March carried out air strikes against Yemen's Houthi rebels. Stock markets reacted negatively to the initial news of military intervention and its further escalation could dampen investor sentiment again, to a moderate degree. Meanwhile Egypt's market edged up 0.6 percent. Commercial International Bank ...

South African stocks book biggest drop in 6 weeks, track global markets JOHANNESBURG: South Africa's main stock index booked its biggest daily percentage decline in more than a month on Wednesday, tracking global markets as anxiety from a sell-off in global government bonds spread to equities.U.S and European bonds were sold off due to a stand-off between Greece and its lenders as well as worse than expected U.S private jobs data.That led to sell-off in gold and platinum but was not enough to drag down Brent crude ...
South African stocks end mostly flat, Reunert rises JOHANNESBURG: South African stocks were largely flat on Tuesday but Reunert was among the biggest gainers after the electronics firm gave an upbeat profit forecast.Reunert said its first-half profit would rise by up to 28 percent, helped by proceeds from the sale of a mobile phone unit last year.Shares in the company jumped 5.9 percent to 65 rand, their biggest daily percentage gain in more than two years.One analyst, who declined to be named, said ...
Saudi Arabia edges up, Egypt extends rally DUBAI: Banking stocks lifted Saudi Arabia's bourse in early trade on Tuesday, while Egypt continued a broad rally after positive purchasing managers' data and comments by the International Monetary Fund. The main Saudi index edged up 0.3 percent, largely on the back of lenders Samba Financial Group and Banque Saudi Fransi, up 1.3 and 1.6 percent respectively. The kingdom's finance minister said on Tuesday that Saudi Arabia's financial position was very strong despite the plunge ...
South Africa stocks creep up, resources in demand JOHANNESBURG: South African shares crept up on Monday, led by resources stocks as investors bet China would come up with measures to boost the world's largest consumer of commodities following weak manufacturing data.China's factories suffered their fastest drop in activity in a year in April, as demand faltered and deflationary pressures persisted.South African bourse heavyweights Anglo American and rival BHP Billiton climbed 3 percent to 138.89 rand and 3.6 percent to 295 rand respectively."Resources are ...
South African stocks dip as commodity prices soften JOHANNESBURG: South African stocks fell on Thursday dragged down by commodity firms such as Impala Platinum and AngloGold Ashanti which tracked softer commodity prices.Spot gold and platinum fell by about 2 percent after better-than-forecast U.S. jobs data boosted the dollar, reviving expectations the Federal Reserve could raise interest rates soon.Platinum producer Impala Platinum fell 4 percent and Africa's biggest bullion producer AngloGold lost 1.8 percent.The blue chips Top-40 index fell 0.21 percent to 48,195 and ...
South African stocks fall from record highs, Coronation slides JOHANNESBURG: South African stocks retreated from record highs on Tuesday on as Coronation Fund Managers flagged lower first-half earnings but iron ore companies bucked the weaker trend.Shares in Coronation slid 8.8 percent to 96 rand, its biggest daily decline in six years after the money-manager reported that profits would slip by up to 15 percent.The benchmark Top-40 index was down 0.42 percent to 48,758 and the broader All-share index down 0.27 percent to 55,039.Iron ore ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln